Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 142

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 142
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(338)(337)Net other comprehensive income/(loss)17,289 (1,911)(338)15,040 Balance as of June 30, 2025$(112,959)(752)17,837 (95,874)

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 For the six months ended June 30, 2024 Unrealized losses on securities available-for-saleChange in fair value of interest rate swapsChange in defined benefit pension plansTotalBalance as of December 31, 2023$(150,659)(374)1,541 (149,492)Other comprehensive loss before reclassification adjustments (5) (7)(9,089)2,484 — (6,605)Amounts reclassified from accumulated other comprehensive income (6) (8)26,789 — (776)26,013 Net other comprehensive loss17,700 2,484 (776)19,408 Balance as of June 30, 2024$(132,959)2,110 765 (130,084)(1)Consists of unrealized holding gains, net of tax of ($5,663).(2)Consists of realized losses, net of tax of $0.(3)Change in fair value of interest rate swaps, net of tax $624.(4)Consists of realized gains, net of tax of $128.(5)Consists of unrealized holding losses, net of tax $1,926.(6)Consists of realized losses, net of tax ($7,706).(7)Change in fair value of interest rate swaps, net of tax ($726).(8)Consists of realized gains, net of tax of $294.

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(13)    Segment Information

 The Company’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided about the Company’s products and services offered, primarily banking operations. Our one operating segment, Banking, is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of the various components of the business such as branches and lending, which are then aggregated because operating performance, products/services and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company’s business components by evaluating revenue streams, significant