Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 51

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 51
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 rateEstimated decrease to interest expense in the next twelve monthsMaturity dateRemaining term (in months)Interest rate products:Issued May 11, 2023$25,000 3.39 %$(311)5/11/202722Issued May 12, 202325,000 3.43 %(299)5/12/202834Issued May 19, 202325,000 3.72 %(224)11/19/202729Issued May 31, 202325,000 3.94 %(169)11/30/202617Issued July 26, 202325,000 4.20 %(123)7/26/202837Issued July 31, 202325,000 4.23 %(100)1/31/202831Issued August 9, 202325,000 4.19 %(105)8/9/202725Total$175,000 $(1,331) 

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Table of Contents

Our derivatives are presented on a net basis taking into consideration the effects of legally enforceable master netting agreements. Additionally, collateral exchanged with counterparties is also netted against the applicable derivative fair values. We enter into derivative transactions with two primary groups, banks and our customers. Different methods are utilized for managing counterparty credit exposure and credit risk for each of these groups.  The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of June 30, 2025 (dollars in thousands).Derivative assetsGross amounts of recognized assetsGross amounts offset in the consolidated statement of financial conditionNet amounts of assets presented in the consolidated of conditionInterest rate swaps - hedging$210 (210)— Interest rate swaps - not hedging31,257 (18,668)12,589 Derivative liabilitiesGross amounts of recognized liabilitiesGross amounts offset in the consolidated statement of financial conditionNet amounts of liabilities presented in the consolidated of conditionInterest rate swaps - hedging1,248 (1,248)— Interest rate swaps - not hedging31,259 (10,994)20,265 The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of December 31, 2024 (dollars in