Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 377

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 377
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291 — Interest rate swaps designated as hedging instruments 1,198 1,198 — 1,198 — Interest rate swaps not designated as hedging instruments41,437 41,437 — 41,437 — Risk participation agreements14 14 — 14 — Accrued interest payable13,669 13,669 13,669 — — Total financial liabilities$12,679,169 12,154,883 9,777,136 152,411 2,225,336 Fair value estimates are made at a point-in-time, based on relevant market data and information about the instrument. The preceding methods and assumptions were used in estimating the fair value of financial instruments at December 31, 2024 and 2023.  

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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, 2024: Level 1Level 2Level 3Netting Adjustments (1)Total atfair valueDebt securities:    U.S. government and agencies$— 35,391 — — 35,391 Government sponsored enterprises— 118 — — 118 States and political subdivisions— 58,627 — — 58,627 Corporate— 26,101 — — 26,101 Total debt securities— 120,237 — — 120,237 Residential mortgage-backed securities:    GNMA— 50,149 — — 50,149 FNMA— 84,212 — — 84,212 FHLMC— 89,840 — — 89,840 Non-agency— 5 — — 5 Collateralized mortgage obligations:    GNMA— 562,948 — — 562,948 FNMA— 74,395 — — 74,395 FHLMC— 127,158 — — 127,158 Total mortgage-backed securities— 988,707 — — 988,707 Interest rate lock commitments—