Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 88

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 88
---
%Total$12,144,554 100.0 %

The following table indicates the amount of our certificates of deposits of $250,000 or more by time remaining until maturity at December 31, 2024.

Maturity period Certificates of deposit (In thousands)Three months or less$141,194 Over three months through six months123,113 Over six months through twelve months104,198 Over twelve months5,420 Total$373,925 

At December 31, 2024 and 2023, we had total deposits in excess of $250,000 per depositor per account ownership category (the limit for FDIC insurance) of $1.9 billion and $1.8 billion, respectively. At those dates, we had no deposits that were uninsured for any other reason. The following table provides details regarding the Company’s uninsured deposits portfolio:

As of December 31, 2024BalancePercent of total depositsNumber of relationshipsUninsured deposits per the Call Report (1)$3,131,231 25.8 %5,233 Less intercompany deposit accounts1,244,219 10.3 %11 Less collateralized deposit accounts413,479 3.4 %224 Uninsured deposits excluding intercompany and collateralized accounts$1,473,533 12.1 %4,998

(1)     Uninsured deposits presented may be different from actual amounts due to titling of accounts.

Our largest uninsured depositor, excluding intercompany and collateralized deposit accounts, had an aggregate uninsured deposit balance of $26.2 million, or 0.22% of total deposits, as of December 31, 2024. Our top ten largest uninsured depositors, excluding intercompany and collateralized deposit accounts, had an aggregate uninsured deposit balance of $167.4 million, or 1.38% of total deposits, as of December 31, 2024. The average uninsured deposit account balance, excluding intercompany and collateralized accounts, was $295,000 as of December 31, 2024.

48

Borrowings. Borrowings decreased by $198 million, or 39%, to $315 million at December 31, 2024 from $513 million at December 31, 2023. This decrease was a result of growth in lower cost deposits which enabled the paydown of FHLB advances