Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 257

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 257
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956 0.92 %— — %472,459 2.22 %492,944 414,950 2.17 %Total residential mortgage-backed securities held-to-maturity893 4.95 %19,980 0.92 %20,184 1.31 %585,067 2.04 %626,124 527,950 1.99 %Total marketable securities and mortgage-backed securities$49,370 5.46 %$151,745 1.17 %$62,418 3.77 %$1,765,718 2.53 %$2,029,251 1,746,892 2.54 %

Further information and analysis of our investment portfolio, including tables with information related to gross unrealized gains and losses on available-for sale and held-to-maturity marketable securities and tables showing the fair value and gross unrealized losses on marketable securities aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position are located in Note 4 of the Notes to the Consolidated Financial Statements.

44

Loans Receivable. Gross loans receivable decreased by $226 million, or 2%, to $11.2 billion at December 31, 2024, from $11.4 billion at December 31, 2023. Our personal banking loan portfolio decreased by $451 million, or 7%, to $6.3 billion at December 31, 2024 from $6.8 billion at December 31, 2023. Cash flows from our personal banking portfolio were partially redirected to fund commercial banking growth, which increased by $225 million, or 5%, to $4.9 billion at December 31, 2024 from $4.6 billion at December 31, 2023.  This represents organic loan growth resulting from the new commercial lending verticals that we implemented during the prior year.  Specifically, our commercial and industrial (C&I) loan portfolio increased by $349 million, or 21% compared to December 31, 2023.

Set forth below are selected data related to the composition of our loan portfolio by type of loan as of the dates indicated.

 At December 31, 20242023 AmountPercentAmountPercent (Dollars