Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 354

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 354
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2024, 2023, and 2022 in accordance with ASC 350, Intangibles— Goodwill and Other, and concluded that goodwill was not impaired. As of December 31, 2024, 2023 and 2022, there were no events or changes in circumstances that would cause us to update that year’s goodwill impairment test and we concluded there was no impairment of goodwill as of such dates. 

 (10)    Deposits

 Deposit balances at December 31, 2024 and 2023 are shown in the table below: December 31, 20242023Noninterest-bearing demand deposits$2,621,415 2,669,023 Interest-bearing demand deposits2,666,504 2,634,546 Money market deposit accounts2,007,739 1,968,218 Savings deposits2,171,251 2,105,234 Time deposits (1)2,677,645 2,602,881 Total deposits$12,144,554 11,979,902 (1)Includes $201 million and $484 million of brokered deposits at December 31, 2024 and 2023.The aggregate amount of time deposits with a minimum denomination of $100,000 at December 31, 2024 and 2023 was $1.1 billion and $950 million, respectively. Generally, deposits in excess of $250,000 are not federally insured. At December 31, 2024 and 2023, we had $1.9 billion and $1.8 billion of deposits in accounts exceeding $250,000, respectively. 

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

The following table summarizes the contractual maturity of time deposits at December 31, 2024 and 2023:      December 31, 20242023Due within 12 months$2,547,129 2,464,022 Due between 12 and 24 months86,594 70,679 Due between 24 and 36 months23,133 27,550 Due between 36 and 48 months11,592 23,590 Due between 48 and 60 months7