Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 96

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 96
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426)(359)FHLB stock, at cost124 (1,101)(977)510 1,628 2,138 Interest-earning deposits(27)3,613 3,586 30,861 (31,559)(698)Total interest-earning assets72,268 9,329 81,597 134,074 5,443 139,517 Interest-bearing liabilities:      Savings deposits15,459 (59)15,400 7,251 (772)6,479 Interest-bearing demand deposits15,591 197 15,788 11,245 (1,156)10,089 Money market deposit accounts13,640 (3,810)9,830 26,226 (4,869)21,357 Time deposits22,588 36,543 59,131 29,647 23,651 53,298 Borrowed funds(1,786)(17,235)(19,021)5,555 22,817 28,372 Subordinated debt(14)14 — (12)(146)(158)Junior subordinated debentures232 19 251 4,667 18 4,685 Total interest-bearing liabilities65,710 15,669 81,379 84,579 39,543 124,122 Net change in net interest income$6,558 (6,340)218 49,495 (34,100)15,395 

Provision for Credit Losses 

20202021202220232024Provision for credit losses - loans (in thousands)$83,975 (11,883)17,860 18,664 27,679 Provision/(benefit) for credit losses - unfunded commitments (in thousands)3,139 (3,905)10,455 4,210 (3,174)Annualized net charge-offs to average loans0.27 %0.20 %0.02 %0.11 %0.32 %

The provision for credit losses increased by $2 million, or 7.1%, compared to the year ended December 31, 2023. This increase included a $9 million increase in the provision for credit losses - loans, which was partly offset by a $7 million decrease in the provision for credit losses - unfunded