Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 47

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 47
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,261)— 12,602 Amounts reclassified from accumulated other comprehensive income (3)— — (169)(169)Net other comprehensive income/(loss)13,863 (1,261)(169)12,433 Balance as of March 31, 2025$(116,385)(102)18,006 (98,481) For the quarter ended March 31, 2024Unrealized losseson securities available-for-saleChange in fair value of interest rate swapsChange in defined benefit pension plansTotalBalance as of December 31, 2023$(150,659)(374)1,541 (149,492)Other comprehensive (loss)/income before reclassification adjustments (4) (5)(5,698)2,154 — (3,544)Amounts reclassified from accumulated other comprehensive income (6)— — (388)(388)Net other comprehensive income/(loss)(5,698)2,154 (388)(3,932)Balance as of March 31, 2024$(156,357)1,780 1,153 (153,424)(1)Consists of unrealized holding gains, net of tax of ($4,483).(2)Change in fair value of interest rate swaps, net of tax $378.(3)Consists of realized gains, net of tax of $64.(4)Consists of unrealized holding losses, net of tax of  $1,758.(5)Change in fair value of interest rate swaps, net of tax ($630).(6)Consists of realized gains, net of tax of $147.

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(13)    Segment Information

 The Company’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided about the Company’s products and services offered, primarily banking operations. Our one operating segment, Banking, is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of the various components of the business such as branches and lending, which are then aggregated because operating performance, products/services and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company’s business components such as by evaluating revenue streams, significant expenses and budget to actual results in assessing the Company’s segment and in the determination of allocating