Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 49

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 49
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— 39,763 — — 39,763 Total debt securities— 164,069 — — 164,069 Mortgage-backed securities:   GNMA— 54,572 — — 54,572 FNMA— 112,122 — — 112,122 FHLMC— 124,952 — — 124,952 Non-agency— 3 — — 3 Collateralized mortgage obligations:   GNMA— 575,200 — — 575,200 FNMA— 80,789 — — 80,789 FHLMC— 159,173 — — 159,173 Total mortgage-backed securities— 1,106,811 — — 1,106,811 Interest rate lock commitments— — 1,030 — 1,030 Forward commitments— 229 — — 229 Foreign exchange swaps— 57 — — 57 Interest rate swaps designated as hedging instruments— 126 — (126)— Interest rate swaps not designated as hedging instruments— 29,056 — (16,375)12,681 Total assets$— 1,300,348 1,030 (16,501)1,284,877 Interest rate swaps designated as hedging instruments$— 1,279 — (1,279)— Interest rate swaps not designated as hedging instruments— 31,232 — (11,232)20,000 Risk participation agreements— 31 — — 31 Total liabilities $— 32,542 — (12,511)20,031 (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 Contents

The following table represents assets and liabilities measured at fair value on a recurring basis at December 31, 2024 (in thousands):Level 1Level 2Level 3Netting Adjustment (1)Total assets at fair valueDebt securities:    U.S. government and agencies$— 35,391 — — 35,391 Government-sponsored enterprises— 118 — — 118 States