Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 200

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 200
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 2,677,070 — — 2,677,070 — Borrowed funds200,331 196,277 228,119 — — (31,842)Subordinated debt114,538 115,982 — 115,982 — — Junior subordinated debentures129,834 128,122 — — 128,122 — Foreign exchange swaps4 4 — 4 — — Interest rate swaps designated as hedging instruments— — — 32 — (32)Interest rate swaps not designated as hedging instruments35,405 35,405 — 37,767 — (2,362)Risk participation agreements16 16 — 16 — — Accrued interest payable6,935 6,935 6,935 — — — Total financial liabilities$12,631,617 12,626,720 9,701,963 153,801 2,805,192 (34,236)(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.

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

 December 31, 2023 Carrying amountEstimated fair valueLevel 1Level 2Level 3Financial assets:     Cash and cash equivalents$122,260 122,260 122,260 — — Securities available-for-sale1,043,359 1,043,359 — 1,043,359 — Securities held-to-maturity814,839 699,506 — 699,506 — Loans receivable, net11,280,798 10,274,593 — — 10,274,593 Loans held-for-sale8,768 8,768 — — 8,768 Accrued interest receivable47,353 47,353 47,353 — — Interest rate lock commitments641641— — 641Forward commitments1212— 12—