Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 45

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 45
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525 Total mortgage-backed securities— 1,071,192 — — 1,071,192 Interest rate lock commitments— — 933 — 933 Forward commitments— 210 — — 210 Interest rate swaps designated as hedging instruments— 210 — (210)— Interest rate swaps not designated as hedging instruments— 31,257 — (18,668)12,589 Total assets$— 1,226,560 933 (18,878)1,208,615 Foreign exchange swaps $— 262 — — 262 Interest rate swaps designated as hedging instruments— 1,248 — (1,248)— Interest rate swaps not designated as hedging instruments— 31,259 — (10,994)20,265 Risk participation agreements— 38 — — 38 Total liabilities $— 32,807 — (12,242)20,565 (1)     Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.

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Table of Contents

The following table represents assets and liabilities measured at fair value on a recurring basis at December 31, 2024 (in thousands):Level 1Level 2Level 3Netting Adjustment (1)Total assets at fair valueDebt securities:    U.S. government and agencies$— 35,391 — — 35,391 Government-sponsored enterprises— 118 — — 118 States and political subdivisions— 58,627 — — 58,627 Corporate— 26,101 — — 26,101 Total debt securities— 120,237 — — 120,237 Mortgage-backed securities:   GNMA— 50,149 — — 50,149 FNMA— 84,212 — — 84,212 FHLMC— 89,840 — — 89,840 Non-agency— 5 — — 5 Collateralized mortgage obligations:   GNMA— 562,948 — — 562,948 FNMA— 74,395 — — 74,395 FHLMC