Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 158

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 158
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 - owner occupied3,775 (227)(68)66 — 4,004 Commercial loans18,495 548 (4,166)1,474 — 20,639 Total Commercial Banking73,537 6,925 (6,532)3,569 426 69,149 Total$125,243 18,664 (21,024)9,141 426 118,036 Allowance for Credit Losses - off-balance-sheet exposurePersonal Banking:Residential mortgage loans$2 (2)— — — 4 Home equity loans65 (9)— — — 74 Total Personal Banking67 (11)— — — 78 Commercial Banking:Commercial real estate loans6,147 772 — — — 5,375 Commercial real estate loans - owner occupied173 (206)— — — 379 Commercial loans10,736 3,655 — — — 7,081 Total Commercial Banking17,056 4,221 — — — 12,835 Total off-balance-sheet exposure$17,123 4,210 — — — 12,913 During the year ended December 31, 2023, we sold $8.0 million of loans that were classified as held-for-investment, for a gain of $726,000, which is reported in gain on sale of loans on the Consolidated Statements of Income. 

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

The following table provides information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the year ended December 31, 2022 (in thousands): Balance as of December 31, 2022Current period provisionCharge-offsRecoveriesBalance as of December 31, 2021Allowance for Credit LossesPersonal Banking:    Residential mortgage loans$19,261 13,129 (2,033)792 7,373 Home equity loans5,902 540 (1,469)1,531 5,300 Vehicle loans23,059 8,863 (3,621)