Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 162

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 162
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Commercial real estate loans - owner occupied624 676 — 676 — Commercial loans2,627 3,996 151 4,147 10 Total Commercial Banking65,490 52,031 24,089 76,120 235 Total$81,236 68,835 25,549 94,384 2,698     During the year ended December 31, 2023, we did not recognized any interest income on nonaccrual loans.

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

A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2024 (in thousands): Real estateEquipmentOtherTotalCommercial Banking:    Commercial real estate loans$27,907 — 339 28,246 Commercial loans— 1,651 2,204 3,855 Total Commercial Banking27,907 1,651 2,543 32,101 Total$27,907 1,651 2,543 32,101  The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2023 (in thousands): Real estateTotalCommercial Banking:Commercial real estate loans$66,934 66,934 Commercial loans150 150 Total Commercial Banking67,084 67,084 Total$67,084 67,084 Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extensions, an other-than-insignificant payment delay, or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged off against the allowance for credit losses.  In some cases, the Company provides multiple types of concessions to one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. For loans included in the “combination” columns below, multiple types of modifications have been made on the same loan within the current reporting