Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 123

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 123
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26 %(100)1/31/202834Issued August 9, 202325,000 4.27 %(102)8/9/202728Total$175,000 $(1,318) 

33

Our derivatives are presented on a net basis taking into consideration the effects of legally enforceable master netting agreements. Additionally, collateral exchanged with counterparties is also netted against the applicable derivative fair values. We enter into derivative transactions with two primary groups, banks and our customers. Different methods are utilized for managing counterparty credit exposure and credit risk for each of these groups.  The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of March 31, 2025 (dollars in thousands).Derivative assetsGross amounts of recognized assetsGross amounts offset in the consolidated statement of financial conditionNet amounts of assets presented in the consolidated of conditionInterest rate swaps - hedging$585 (585)— Interest rate swaps - not hedging33,100 (24,060)9,040 Derivative liabilitiesGross amounts of recognized liabilitiesGross amounts offset in the consolidated statement of financial conditionNet amounts of liabilities presented in the consolidated of conditionInterest rate swaps - hedging727 (727)— Interest rate swaps - not hedging33,255 (6,916)26,339 The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of December 31, 2024 (dollars in thousands).Derivative assetsGross amounts of recognized assetsGross amounts offset in the consolidated statement of financial conditionNet amounts of assets presented in the consolidated of conditionInterest rate swaps - hedging$1,529 (32)1,497 Interest rate swaps - not hedging37,697 (34,204)3,493 Derivative liabilitiesGross amounts of recognized liabilitiesGross amounts offset in the consolidated statement of financial conditionNet amounts of liabilities presented in the consolidated of conditionInterest rate swaps - hedging$32 (32)— Interest rate swaps - not hedging37,767 (2,362)35,405 

(11)    Legal Proceedings 

We establish accruals for legal proceedings when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of