Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 333

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 333
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 of Income. 

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

The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the year ended December 31, 2023 (in thousands):Balance as of December 31, 2023Current period provisionCharge-offsRecoveriesASU 2022-02 AdoptionBalance as of December 31, 2022Allowance for Credit LossesPersonal Banking:Residential mortgage loans$18,193 (1,515)(1,189)1,636 — 19,261 Home equity loans5,403 (356)(852)709 — 5,902 Vehicle loans26,911 8,299 (6,468)2,021 — 23,059 Consumer loans1,199 5,311 (5,983)1,206 — 665 Total Personal Banking51,706 11,739 (14,492)5,572 — 48,887 Commercial Banking:Commercial real estate loans51,267 6,604 (2,298)2,029 426 44,506 Commercial real estate loans - owner occupied3,775 (227)(68)66 — 4,004 Commercial loans18,495 548 (4,166)1,474 — 20,639 Total Commercial Banking73,537 6,925 (6,532)3,569 426 69,149 Total$125,243 18,664 (21,024)9,141 426 118,036 Allowance for Credit Losses - off-balance-sheet exposurePersonal Banking:Residential mortgage loans$2 (2)— — — 4 Home equity loans65 (9)— — — 74 Total Personal Banking67 (11)— — — 78 Commercial Banking:Commercial real estate loans6,147 772 — — — 5,375 Commercial real estate loans - owner occupied173 (206)— — — 379 Commercial loans10,736 3,655 — — — 7,081