Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 330

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 330
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 of the held-to-maturity debt securities were primarily attributable to changes in the interest rate environment and not due to the credit quality of these investment securities, therefore, the Company did not record an allowance for credit losses for these securities as of December 31, 2024.  The following table presents the credit quality for our held-to-maturity securities, based on the latest information available as of December 31, 2024 (in thousands). The credit ratings are sourced from nationally recognized rating agencies, which include Moody’s and S&P, they are presented based on asset type. All of our held-to-maturity securities were current in their payment of principal and interest as of December 31, 2024.  AA+TotalHeld-to-maturity securities:  Debt issued by the U.S. government-sponsored agencies$124,462 124,462   Residential mortgage-backed securities626,124 626,124 Total marketable securities held-to-maturity$750,586 750,586 

(5)    Loans Receivable

The following tables excludes loans held for sale.  The following table shows a summary of our loans receivable at amortized cost basis at December 31, 2024 and December 31, 2023 (in thousands):December 31, 2024December 31, 2023 Originated (1)Acquired (2)TotalOriginated (1)Acquired (2)TotalPersonal Banking:Residential mortgage loans$3,157,895 20,374 3,178,269 $3,274,531 144,886 3,419,417 Home equity loans1,051,950 97,446 1,149,396 1,103,410 124,448 1,227,858 Vehicle loans1,823,780 47,063 1,870,843 1,943,540 65,061 2,008,601 Consumer loans96,906 27,336 124,242 111,446 5,980 117,426 Total Personal Banking6,130,531 192,219 6,322,750 6,432,927 340,375 6,773,302 Commercial Banking:      Commercial real estate loans2,311,562 184,164 2,495,726 2,389,537 238,920 2,628