Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 347

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 347
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,511 1,471,128 1,004,890 2,526,942 1,084,758 78,523 11,180,014 For the year ended December 31, 2024, $16 million of revolving loans were converted to term loans. 

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

The following table summarizes amortized cost basis loan balances by year of origination, class of loans, and risk category as of December 31, 2023 (in thousands): 20232022202120202019PriorRevolving loansRevolving loans converted to term loansTotal loans receivablePersonal Banking:Residential mortgage loans      Pass$177,313 665,379 792,488 506,068 244,678 1,019,152 — — 3,405,078 Substandard— 1,581 — 1,252 311 11,195 — — 14,339 Total residential mortgage loans177,313 666,960 792,488 507,320 244,989 1,030,347 — — 3,419,417 Residential mortgage current period charge-offs— (9)(5)(130)(23)(1,022)— — (1,189)Home equity loansPass71,497 100,639 106,043 146,121 94,144 197,259 463,868 43,526 1,223,097 Substandard— 236 54 19735 1,7331,4471,0594,761 Total home equity loans71,497 100,875 106,097 146,318 94,179 198,992 465,315 44,585 1,227,858 Home equity current period charge-offs— (53)(46)— (48)(352)(144)(209)(852)Vehicle loansPass664,876 682,275 397,809 132,775 67,853 58,153 — — 2,003,741 Substandard646 1,418 1,453 299 556 488 — —