Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 156

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 156
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on and cease to accrue interest thereafter. Exceptions are made for loans that have contractually matured, are in the process of being modified to extend the maturity date and are otherwise current as to principal and interest, and well-secured loans that are in the process of collection. Loans may also be placed on nonaccrual before they reach 90 days past due if conditions exist that call into question our ability to collect all contractual interest. Other nonperforming assets represent property acquired through foreclosure or repossession. Foreclosed property is carried at the lower of its fair value less estimated costs to sell or the principal balance of the related loan.

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Table of Contents

June 30, 2025December 31, 2024 (in thousands)Loans 90 days or more past due:  Residential mortgage loans$6,905 4,931 Home equity loans1,879 2,250 Vehicle loans2,779 3,191 Other consumer loans707 776 Commercial real estate loans41,830 7,702 Commercial real estate - owner occupied45 — Commercial loans10,433 7,335 Total loans 90 days or more past due$64,578 26,185 Total real estate owned (REO)$48 35 Total loans 90 days or more past due and REO64,626 26,220 Total loans 90 days or more past due to net loans receivable0.58 %0.23 %Total loans 90 days or more past due and REO to total assets0.45 %0.18 %Nonperforming assets:Nonaccrual loans - loans 90 days or more past due64,085 25,529 Nonaccrual loans - loans less than 90 days past due38,309 35,872 Loans 90 days or more past due still accruing493 656 Total nonperforming loans102,887 62,057 Other nonperforming assets (1)— 16,102 Total nonperforming assets$102,935 78,194 Total nonaccrual loans to total loans0.90 %0.55 %

 (1)    Other nonperforming assets includes nonaccrual loans held for sale.

Allowance for Credit Losses 

On an ongoing basis, the Credit Administration department, as well as loan officers and department heads, review and monitor the loan