Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 163

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 163
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 period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay, and/or an interest rate reduction.  The following table presents the amortized cost basis of loans for the periods indicated that were both experiencing financial difficulty and modified during the periods indicated, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financial receivable is also presented below (dollars in thousands).  

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

For the year ended December 31,20242023Payment delayTerm extensionInterest rate reductionCombination term extension and interest rate reductionTotal class of financing receivablePayment delayTerm extensionCombination term extension and interest rate reductionTotal class of financing receivablePersonal Banking:Residential mortgage loans$191 967 — — 0.04 %$363 499 — 0.03 %Home equity loans— 541 — 142 0.06 %— 403 84 0.04 %Consumer loans— — — 12 0.01 %— 3 — %Total Personal Banking191 1,508 — 154 0.03 %363 902 87 0.02 %Commercial Banking:Commercial real estate loans268 191 — — 0.02 %— 71 — — %Commercial real estate loans - owner occupied— — 664 — 0.19 %— — %Commercial loans— 34 — 8 — %— 11 — — %Total Commercial Banking268 225 664 8 0.02 %— 82 — — %Total$459 1,733 664 162 0.03 %$363 984 87 0.01 %The following table presents the effect of the loan modifications presented above to borrowers experiencing financial difficulty for the periods indicated:For the year ended December 31,20242023 Weighted-average interest rate reductionWeighted-average term extensionin monthsPayment deferral (months)