Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 378

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 378
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— 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 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.

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

The following table represents assets and liabilities measured at fair value on a recurring basis as of December 31, 2023:     Level 1Level 2Level 3Total atfair valueDebt securities:    U.S. government and agencies$— 58,314 — 58,314 Government sponsored enterprises— 40,597 — 40,597 States and political subdivisions— 75,469 — 75,469 Corporate— 7,688 — 7,688 Total debt securities— 182,068 — 182,068 Residential mortgage-backed securities:    GNMA— 17,441 — 17,441 FNMA— 102,678 — 102,678 FHLMC— 70,830 — 70,830 Non-agency— 5 — 5 Collateralized mortgage obligations:    GNMA— 331,784 — 331,784 FNMA— 148,892 — 148,892