Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 118

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 118
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 hedging instruments— 37,697 — (34,204)3,493 Total assets$— 1,148,403 342 (34,236)1,114,509 Foreign exchange swaps$— 4 — — 4 Interest rate swaps designated as hedging instruments— 32 — (32)— Interest rate swaps not designated as hedging instruments— 37,767 — (2,362)35,405 Risk participation agreements— 16 — — 16 Total liabilities $— 37,819 — (2,362)35,425 (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.The following table presents the changes in Level 3 assets and liabilities measured at fair value on a recurring basis (in thousands): For the quarter ended March 31,20252024Beginning balance,$342 641 Interest rate lock commitments:Net activity91 (162)Transfers from Level 3— — Transfers into Level 3— — Ending balance$433 479 Certain assets and liabilities are measured at fair value on a nonrecurring basis after initial recognition such as loans individually assessed, real estate owned, and MSRs.

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The following table represents the fair market measurement for only those nonrecurring assets that had a fair market value below the carrying amount as of March 31, 2025 (in thousands):Level 1Level 2Level 3Total assets at fair valueLoans individually assessed$— — 13,656 13,656 Mortgage servicing rights— — 20 20 Real estate owned, net— — 80 80 Total assets$— — 13,756 13,756 The following table represents the fair market measurement for only those nonrecurring assets that had a fair market value below the carrying amount as of December 31, 2024 (in thousands): Level 1Level 2Level 3Total assets at fair valueLoans individually assessed$— — 9,801 9,801 Mortgage servicing rights— — 20 20 Real estate owned, net— — 35 35 Total assets$— — 9,856