Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 393

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 393
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150)7/26/202843Issued July 31, 202325,000 4.29 %(128)1/31/202837Issued August 9, 202325,000 4.27 %(133)8/9/202731Total$175,000 $(1,509) 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

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 December 31, 2024 (1) (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$1,529 (32)1,497 Interest rate swaps - not hedging37,697 (34,204)3,493 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 - hedging$32 (32)— Interest rate swaps - not hedging37,767 (2,362)35,405 (1)     Amounts were not meaningful in 2023.

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