Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 115

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 115
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— 1,651 2,204 3,855 Total Commercial Banking27,907 1,651 2,543 32,101 Total$27,907 1,651 2,543 32,101  Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extensions, an other-than-insignificant payment delay, or interest rate reduction.  When principal forgiveness is provided, the amount of forgiveness is charged off against the allowance for credit losses.  In some cases, the Company provides multiple types of concessions to one loan.  Typically, one type of concession, such as a term extension, is granted initially.  If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted.  For loans included in the "combination" columns below, multiple types of modifications have been made on the same loan within the current reporting period.  The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay, and/or an interest rate reduction.  The following table presents the amortized cost basis of loans for the periods indicated that were both experiencing financial difficulty and modified during the respective period, by class and by type of modification.  The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financial receivable is also presented below (dollars in thousands).  For the quarter ended September 30,20252024Payment delayTerm extensionCombination term extension and interest rate reductionTotal class of financing receivablePayment delayTerm extensionCombination term extension and interest rate reductionTotal class of financing receivablePersonal Banking:Residential mortgage loans$— $606 — 0.02 %— 494 — 0.02 %Home equity loans— 164 — 0.01 %— 29 — 0.00 %Consumer loans— — — — %— — 11 0.01 %Total Personal Banking— 770 — 0.01 %— 523 11 0.01 %Commercial Banking:Commercial real estate loans8,476 76,062 — 2.73 %1,357 — — 0.05 %Commercial loans63 148 136 0.02 %— 35 —