Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 36

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 36
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 commitments to extend credit and standby letters of credit is estimated using the fees currently charged to enter into similar agreements. Commitments to extend credit are generally short-term in nature and, if drawn upon, are issued under current market terms. At March 31, 2025 and December 31, 2024, there was no significant unrealized appreciation or depreciation on these financial instruments.The following table sets forth the carrying amount and estimated fair value of our financial instruments included in the Consolidated Statement of Financial Condition at March 31, 2025 (in thousands):CarryingamountEstimatedfair valueLevel 1Level 2Level 3Netting Adjustments (1)Financial assets:     Cash and cash equivalents$353,203 353,203 353,203 — — — Securities available-for-sale1,153,385 1,153,385 — 1,153,385 — — Securities held-to-maturity735,909 637,803 — 637,803 — — Loans receivable, net11,093,636 10,442,135 — — 10,442,135 — Loans held-for-sale71,206 71,206 — 66,490 4,716 — Accrued interest receivable45,949 45,949 45,949 — — — Interest rate lock commitments433 433 — — 433 — Forward commitments71 71 — 71 — — Foreign exchange swaps4 4 — 4 — — Interest rate swaps designated as hedging instruments— — — 585 — (585)Interest rate swaps not designated as hedging instruments9,040 9,040 — 33,100 — (24,060)FHLB stock17,941 17,941 — — — — Total financial assets$13,480,777 12,731,170 399,152 1,891,438 10,447,284 (24,645)Financial liabilities:     Savings and checking deposits$9,577,705 9,577,705 9,577,705 — — — Time deposits2,596,451 2,596,614 — — 2,596,614 — Borrow