Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 376

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 376
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 2,805,192 (34,236)(1)     Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.

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

 December 31, 2023 Carrying amountEstimated fair valueLevel 1Level 2Level 3Financial assets:     Cash and cash equivalents$122,260 122,260 122,260 — — Securities available-for-sale1,043,359 1,043,359 — 1,043,359 — Securities held-to-maturity814,839 699,506 — 699,506 — Loans receivable, net11,280,798 10,274,593 — — 10,274,593 Loans held-for-sale8,768 8,768 — — 8,768 Accrued interest receivable47,353 47,353 47,353 — — Interest rate lock commitments641641— — 641Forward commitments1212— 12— Interest rate swaps designated as hedging instruments713 713 — 713 — Interest rate swaps not designated as hedging instruments41,406 41,406 — 41,406 — FHLB stock30,146 30,146 — — — Total financial assets$13,390,295 12,268,757 169,613 1,784,996 10,284,002 Financial liabilities:Savings and checking accounts$9,377,021 9,377,021 9,377,021 — — Time deposits2,602,881 2,113,177 — — 2,113,177 Borrowed funds398,895 386,446 386,446 — — Subordinated debt114,189 109,471 — 109,471 — Junior subordinated debentures129,574 112,159 — — 112,159 Foreign exchange swaps291 291 —