Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 14

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 14
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(14,464)109,998 Mortgage-backed securities:    Fixed rate pass-through132,816 — (20,181)112,635 Variable rate pass-through364 1 — 365 Fixed rate agency CMOs492,415 — (77,989)414,426 Variable rate agency CMOs529 — (5)524 Total mortgage-backed securities626,124 1 (98,175)527,950 Total marketable securities held-to-maturity$750,586 1 (112,639)637,948 The following table shows the contractual maturity of our mortgage-backed securities available-for-sale at September 30, 2025 (in thousands):AmortizedcostFairvalueMortgage-backed securities:  Due within one year$110 111 Due after one year through five years15,394 14,720 Due after five years through ten years21,044 21,398 Due after ten years1,189,691 1,070,582 Total mortgage-backed securities$1,226,239 1,106,811 The following table shows the contractual maturity of our mortgage-backed securities held-to-maturity at September 30, 2025 (in thousands):AmortizedcostFairvalueMortgage-backed securities:  Due after one year through five years$19,874 18,671 Due after five years through ten years20,160 17,416 Due after ten years537,893 467,713 Total mortgage-backed securities$577,927 503,800 The following table shows the fair value of and gross unrealized losses on available-for-sale investment securities and held to maturity investment securities, for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2025 (in thousands): Less than 12 months12 months or moreTotalFair valueUnrealizedlossFair valueUnrealizedlossFair valueUnrealizedlossU.S. government-sponsored enterprises$1,147 (18)149,315 (17,800)150,462 (17,818)Municipal securities4,861 (2)39,855 (9,247)44,716 (9,249)Corporate issues3,932