Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 382

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 382
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 Reserve Board and other U.S. banking agencies that became effective on March 31, 2020. As a result, we delayed recognizing the estimated impact of CECL on regulatory capital until after a two-year deferral period, which for us extended through December 31, 2021. Beginning on January 1, 2022, we were required to phase in 75% of the previously deferred estimated capital impact of CECL, with 50% to be phased in at the beginning of 2023, and 25% at the beginning of 2024, until fully phased in by the first quarter of 2025. Under the interim final rule, the estimated impact of CECL on regulatory capital that we will defer and later phase in is calculated as the entire day-one impact at adoption plus 25% of the subsequent change in allowance during the two-year deferral period. The actual, required, and well capitalized levels as of December 31, 2024 and 2023 were as follows:     At December 31, 2024 ActualMinimum capitalrequirements (1)Well capitalized (2)requirements  AmountRatioAmountRatioAmountRatioTotal capital (to risk weighted assets)      Northwest Bancshares, Inc.$1,708,786 16.078 %$1,115,932 10.500 %$1,062,793 10.000 %Northwest Bank1,466,832 13.814 %1,114,929 10.500 %1,061,837 10.000 %Tier 1 capital (to risk weighted assets)      Northwest Bancshares, Inc.1,468,646 13.819 %903,374 8.500 %637,676 6.000 %Northwest Bank1,341,230 12.631 %902,561 8.500 %849,469 8.000 %CET 1 capital (to risk weighted assets)Northwest Bancshares, Inc.1,342,801 12.635 %743,955 7.000 %N/AN/ANorthwest Bank1,341,230 12.631 %743,286 7.000 %690,194 6.500 %Tier 1 capital (leverage to average assets)      Northwest Bancshares,