Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 340

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 340
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

 Current30-59 daysdelinquent60-89 daysdelinquent90 days or greater delinquentPersonal Banking:Residential mortgage loans$490 — 9 191 Home equity loans152 120 — 16 Consumer loans10 — — — Total Personal Banking652 120 9 207 Commercial Banking:Commercial real estate loans153 — — 268 Commercial real estate loans - owner occupied664 — — — Commercial loans43 — — — Total Commercial Banking860 — — 268 Total loans$1,512 120 9 475 The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that such loans have been modified since the adoption of ASU 2022-02 (in thousands): Current30-59 daysdelinquent60-89 daysdelinquent90 days or greater delinquentPersonal Banking:Residential mortgage loans$148 342 8 363 Home equity loans465 23 — — Consumer loans3 — — — Total Personal Banking6163658363Commercial Banking: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 CONSOLID