Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 120

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 120
---
 31, 2024Amortizable intangible assets:  Core deposit intangibles - gross$74,899 74,899 Less: accumulated amortization(73,002)(72,062)Core deposit intangibles - net$1,897 2,837 Total intangible assets - net$1,897 2,837 The following table shows the actual aggregate amortization expense for the quarters ended June 30, 2025 and 2024, as well as the estimated aggregate amortization expense, based upon current levels of intangible assets, for the current fiscal year and each of the succeeding fiscal years until the intangible assets are fully amortized (in thousands):For the quarter ended June 30, 2025$436 For the quarter ended June 30, 2024635 For the six months ended June 30, 2025940 For the six months ended June 30, 20241,336 For the year ending December 31, 20251,662 For the year ending December 31, 2026871 For the year ending December 31, 2027304  The following table provides information for the changes in the carrying amount of goodwill (in thousands):TotalBalance at December 31, 2024$380,997 Balance at June 30, 2025$380,997  We performed our annual goodwill impairment test as of June 30, 2025 in accordance with Accounting Standards Codification ("ASC") 350, Intangibles - Goodwill and Other, and concluded that goodwill was not impaired.

(5)    Borrowed Funds 

(a)    Borrowings Borrowed funds at June 30, 2025 and December 31, 2024 are presented in the following table (dollars in thousands):June 30, 2025December 31, 2024AmountAverage rateAmountAverage rateTerm notes payable to the FHLB of Pittsburgh, due within one year$175,000 4.60 %$175,000 4.64 %Collateralized borrowings, due within one year22,544 1.82 %22,3231.73 %Collateral received, due within one year464 4.67 %3,008 4.65 %      Total borrowed funds$198,008 $200,331     Borrowings from