Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 39

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 39
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.S. government and agencies$— 35,491 — — 35,491 Government-sponsored enterprises— 102 — — 102 States and political subdivisions— 58,149 — — 58,149 Corporate— 29,118 — — 29,118 Total debt securities— 122,860 — — 122,860 Mortgage-backed securities:   GNMA— 48,976 — — 48,976 FNMA— 84,059 — — 84,059 FHLMC— 98,907 — — 98,907 Non-agency— 4 — — 4 Collateralized mortgage obligations:   GNMA— 564,526 — — 564,526 FNMA— 83,473 — — 83,473 FHLMC— 150,580 — — 150,580 Total mortgage-backed securities— 1,030,525 — — 1,030,525 Interest rate lock commitments— — 433 — 433 Forward commitments— 71 — — 71 Foreign exchange swaps— 4 — — 4 Interest rate swaps designated as hedging instruments— 585 — (585)— Interest rate swaps not designated as hedging instruments— 33,100 — (24,060)9,040 Total assets$— 1,187,145 433 (24,645)1,162,933 Foreign exchange swaps $— 91 — — 91 Interest rate swaps designated as hedging instruments— 727 — (727)— Interest rate swaps not designated as hedging instruments— 33,255 — (6,916)26,339 Risk participation agreements— 31 — — 31 Total liabilities $— 34,104 — (7,643)26,461 

29

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