Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 281

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 281
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 estate loans0.39 %0.01 %   Commercial real estate loans - owner occupied— %— %   Commercial loans0.72 %0.20 %   Total Average Loans Receivable0.32 %0.11 %Allowance for credit losses as a percentage of nonperforming loans188.24 %129.01 %Allowance for credit losses as a percentage of nonperforming assets149.40 %128.87 %

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Allocation of Allowance for Credit Losses. The following tables set forth the allocation of the allowance for credit losses by loan category at the dates indicated. The allowance for credit losses allocated to each category is not necessarily indicative of future losses in any particular category.

 At December 31, 20242023 Amount% of totalloans (1)Amount% of totalloans (1) (Dollars in thousands)Balance at end of year applicable to:    Residential mortgage loans$14,347 28.4 %$18,193 30.0 %Home equity loans4,845 10.3 %5,403 10.8 %Vehicle loans22,389 16.7 %26,911 17.6 %Consumer loans1,883 1.1 %1,199 1.0 %Commercial real estate loans44,328 22.3 %51,267 23.1 %Commercial real estate loans - owner occupied3,882 3.2 %3,775 3.0 %Commercial loans25,145 18.0 %18,495 14.5 %Total$116,819 100.0 %$125,243 100.0 %

(1)Represents percentage of loans in each category to total loans.

Liquidity and Capital Resources

Northwest Bank is required to maintain a sufficient level of liquid assets, as determined by management and defined by the FDIC and reviewed for adequacy during the FDIC’s regular examinations. The FDIC, however, does not prescribe by regulation a minimum amount or percentage of liquid assets. The FDIC allows us to consider any unencumbered, available-for-sale marketable security, whose sale would not impair our capital adequacy, to be eligible for liquidity. Liquidity is monitored through the use of a standard liquidity