Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 27

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 27
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 aggregate amortization expense for the quarters ended March 31, 2025 and 2024, as well as the estimated aggregate amortization expense, based upon current levels of intangible assets, for the current fiscal year and each of the succeeding fiscal years until the intangible assets are fully amortized (in thousands):For the quarter ended March 31, 2025$504 For the quarter ended March 31, 2024701 For the year ending December 31, 20251,662 For the year ending December 31, 2026871 For the year ending December 31, 2027304  The following table provides information for the changes in the carrying amount of goodwill (in thousands):TotalBalance at December 31, 2024$380,997 Balance at March 31, 2025$380,997  We performed our annual goodwill impairment test as of June 30, 2024 in accordance with Accounting Standards Codification ("ASC") 350, Intangibles - Goodwill and Other, and concluded that goodwill was not impaired. As of March 31, 2025, there were no events or changes in circumstances that would cause us to update that year’s goodwill impairment test and we concluded there was no impairment of goodwill as of such dates.

(5)    Borrowed Funds 

(a)    Borrowings Borrowed funds at March 31, 2025 and December 31, 2024 are presented in the following table (dollars in thousands):March 31, 2025December 31, 2024AmountAverage rateAmountAverage rateTerm notes payable to the FHLB of Pittsburgh, due within one year$175,000 4.61 %$175,000 4.64 %Collateralized borrowings, due within one year18,672 1.75 %22,3231.73 %Collateral received, due within one year3,598 4.53 %3,008 4.65 %      Total borrowed funds$197,270 $200,331     Borrowings from the Federal Home Loan Bank (“FHLB”) of Pittsburgh, if any, are secured by our residential first mortgage and other qualifying loans. At March 31, 2025, the carrying value of these loans was $5.7 billion. Certain of these borrowings are subject to restrictions or penalties in the event of