Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 111

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 111
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,468,646 1,553,766 1,341,230 1,388,808 Add: Tier 2 capital (1) 240,140 246,117 125,602 131,928 Total risk-based capital$1,708,786 1,799,883 $1,466,832 1,520,736 Average assets for leverage ratio$14,135,644 14,332,246 $14,123,417 14,322,564 Net risk-weighted assets including off-balance-sheet items$10,627,925 10,743,366 $10,618,368 10,734,057 CET 1 capital ratio12.635 %13.294 %12.631 %12.938 %Minimum requirement4.500 %4.500 %4.500 %4.500 %Leverage capital ratio10.390 %10.841 %9.496 %9.697 %Minimum requirement4.000 %4.000 %4.000 %4.000 %Total risk-based capital ratio16.078 %16.753 %13.814 %14.167 %Minimum requirement8.000 %8.000 %8.000 %8.000 %

(1)Tier 2 capital consists of the allowance for credit losses, which is limited to 1.25% of total risk-weighted assets as detailed under the regulations of the FDIC, and 45% of pre-tax net unrealized gains on securities available-for-sale.

Northwest Bank is also subject to capital guidelines of the Department of Banking. Although not adopted in regulation form, the Department of Banking requires 6% leverage capital and 10% total risk-based capital. See “Item 1. Business—Supervision and Regulation—Pennsylvania Savings Bank Law”.

Contractual Obligations. We are obligated to make future payments according to various contracts. The following table presents the expected future payments of the contractual obligations aggregated by obligation type at December 31, 2024.

 Payments due Less thanone yearOne year toless thanthree yearsThree yearsto less thanfive yearsFive years or greaterTotal (In thousands)Supplemental Executive Retirement Plan (1)$— — — 1