Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 199

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 199
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 At December 31, 2024 and 2023, there was no significant unrealized appreciation or depreciation on these financial instruments. 

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

The following table sets forth the carrying amount and estimated fair value of our financial instruments included in the Consolidated Statement of Financial Condition at December 31, 2024 and 2023: December 31, 2024 Carrying amountEstimated fair valueLevel 1Level 2Level 3Netting Adjustments (1)Financial assets:     Cash and cash equivalents$288,378 288,378 288,378 — — — Securities available-for-sale1,108,944 1,108,944 — 1,108,944 — — Securities held-to-maturity750,586 637,948 — 637,948 — — Loans receivable, net11,063,195 10,431,355 — — 10,431,355 — Loans held-for-sale76,331 76,331 — 68,620 7,711 — Accrued interest receivable46,356 46,356 46,356 — — — Interest rate lock commitments342 342 — — 342 — Forward commitments34 34 — 34 — — Foreign exchange swaps199 199 — 199 — — Interest rate swaps designated as hedging instruments1,497 1,497 — 1,529 — (32)Interest rate swaps not designated as hedging instruments3,493 3,493 — 37,697 — (34,204)FHLB stock21,006 21,006 — — — — Total financial assets$13,360,361 12,615,883 334,734 1,854,971 10,439,408 (34,236)Financial liabilities:     Savings and checking deposits$9,466,909 9,466,909 9,466,909 — — — Time deposits2,677,645