Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 258

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 258
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 in thousands)Personal Banking:    Residential mortgage loans$3,178,269 28.4 %$3,419,417 30.0 %Home equity loans1,149,396 10.3 %1,227,858 10.8 %Vehicle loans1,870,843 16.7 %2,008,601 17.6 %Consumer loans (1)124,242 1.1 %117,426 1.0 %Total Personal Banking6,322,750 56.5 %6,773,302 59.4 %Commercial Banking:  Commercial real estate2,495,726 22.3 %2,628,457 23.1 %Commercial real estate - owner occupied354,136 3.2 %345,553 3.0 %Commercial loans2,007,402 18.0 %1,658,729 14.5 %Total Commercial Banking4,857,264 43.5 %4,632,739 40.6 %Total loans receivable, gross11,180,014 100.0 %11,406,041 100.0 %Total allowance for credit losses(116,819) (125,243)Total loans receivable, net$11,063,195  $11,280,798 

(1)     Consists primarily of secured and unsecured personal loans.

The following table sets forth the maturity of our loan portfolio at December 31, 2024. Demand loans and loans having no stated schedule of repayments and no stated maturity are reported as due in one year or less. Adjustable and floating-rate loans are included in the period in which the contractual repayment is due or they contractually mature, if interest only, and fixed-rate loans are included in the period in which the contractual repayment is due.At December 31, 2024 (In thousands) Due in one         year or lessDue afterone yearthrough five yearsDue afterfive yearsthroughfifteen yearsDue after fifteen yearsTotalPersonal Banking:     Residential mortgage loans$143,885 538,185 1,209,252 1,279,787 3,171,109 Home equity loans92,592 324,528 551,015 177,307