Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 165

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 165
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Commercial real estate loans71 — — — Commercial loans11 — — — Total Commercial Banking82 — — — Total loans$698 3658363A modification is considered to be in default when the loan is 90 days or more past due. The following table provides the amortized cost basis of financing receivables that had a payment default during the periods indicated and were modified within the previous twelve months to borrowers experiencing financial difficulty (in thousands):For the year ended December 31, 20242023Term extensionCombination term extension and interest  rate reductionPayment delayPersonal Banking:Residential mortgage loans$— 191 363 Home equity loans16 — — Total Personal Banking16 191 363 Commercial Banking:Commercial real estate loans— 268— Total Commercial Banking— 268 — Total$16 459 363 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

The modifications to borrowers experiencing financial distress are included in their respective portfolio segment and the current loan balance and updated loan terms are run through their respective allowance for credit losses (ACL) models to arrive at the quantitative portion of the ACL. Subsequent performance of the loans will be measured by delinquency status and will be captured through our ACL models or our qualitative factor assessment, as deemed appropriate. If we no longer believe the loan demonstrates similar risks to their respective portfolio segment an individual assessment will be performed. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. 

The following table provides information related to the amortized cost basis of loan payment delinquencies at December 31, 2024 (in thousands): 30-59 daysdelinquent60-89 daysdelinquent90 days orgreaterdelinquentTotaldelinquencyCurrentTotal loansreceivable90 days orgreaterdelinquentand accruingPersonal Banking:       Residential mortgage loans$28,690 10,112 4,