Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 117

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 117
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 swaps designated as hedging instruments— 585 — (585)— Interest rate swaps not designated as hedging instruments— 33,100 — (24,060)9,040 Total assets$— 1,187,145 433 (24,645)1,162,933 Foreign exchange swaps $— 91 — — 91 Interest rate swaps designated as hedging instruments— 727 — (727)— Interest rate swaps not designated as hedging instruments— 33,255 — (6,916)26,339 Risk participation agreements— 31 — — 31 Total liabilities $— 34,104 — (7,643)26,461 

29

The following table represents assets and liabilities measured at fair value on a recurring basis at December 31, 2024 (in thousands):Level 1Level 2Level 3Netting Adjustment (1)Total assets at fair valueDebt securities:    U.S. government and agencies$— 35,391 — — 35,391 Government-sponsored enterprises— 118 — — 118 States and political subdivisions— 58,627 — — 58,627 Corporate— 26,101 — — 26,101 Total debt securities— 120,237 — — 120,237 Mortgage-backed securities:   GNMA— 50,149 — — 50,149 FNMA— 84,212 — — 84,212 FHLMC— 89,840 — — 89,840 Non-agency— 5 — — 5 Collateralized mortgage obligations:   GNMA— 562,948 — — 562,948 FNMA— 74,395 — — 74,395 FHLMC— 127,158 — — 127,158 Total mortgage-backed securities— 988,707 — — 988,707 Interest rate lock commitments— — 342 — 342 Forward commitments— 34 — — 34 Foreign exchange swaps— 199 — — 199 Interest rate swaps designated as hedging instruments— 1,529 — (32)1,497 Interest rate swaps not designated as