Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 134

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 134
---
 — 84,212 FHLMC— 89,840 — — 89,840 Non-agency— 5 — — 5 Collateralized mortgage obligations:   GNMA— 562,948 — — 562,948 FNMA— 74,395 — — 74,395 FHLMC— 127,158 — — 127,158 Total mortgage-backed securities— 988,707 — — 988,707 Interest rate lock commitments— — 342 — 342 Forward commitments— 34 — — 34 Foreign exchange swaps— 199 — — 199 Interest rate swaps designated as hedging instruments— 1,529 — (32)1,497 Interest rate swaps not designated as hedging instruments— 37,697 — (34,204)3,493 Total assets$— 1,148,403 342 (34,236)1,114,509 Foreign exchange swaps$— 4 — — 4 Interest rate swaps designated as hedging instruments— 32 — (32)— Interest rate swaps not designated as hedging instruments— 37,767 — (2,362)35,405 Risk participation agreements— 16 — — 16 Total liabilities $— 37,819 — (2,394)35,425 (1)     Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.The following table presents the changes in Level 3 assets and liabilities measured at fair value on a recurring basis (in thousands): For the quarter ended June 30,For the six months ended June 30,2025202420252024Beginning balance,$433 479 342 641 Interest rate lock commitments:Net activity500 312 591 150 Transfers from Level 3— — — — Transfers into Level 3— — — — Ending balance$933 791 933 791 Certain assets and liabilities are measured at fair value on a nonrecurring basis after initial recognition such as loans individually assessed, real estate owned, and MSRs.

33

Table of Contents

The following table represents the fair