Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 341

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 341
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ATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

The modifications to borrowers experiencing financial distress are included in their respective portfolio segment and the current loan balance and updated loan terms are run through their respective allowance for credit losses (ACL) models to arrive at the quantitative portion of the ACL. Subsequent performance of the loans will be measured by delinquency status and will be captured through our ACL models or our qualitative factor assessment, as deemed appropriate. If we no longer believe the loan demonstrates similar risks to their respective portfolio segment an individual assessment will be performed. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. 

The following table provides information related to the amortized cost basis of loan payment delinquencies at December 31, 2024 (in thousands): 30-59 daysdelinquent60-89 daysdelinquent90 days orgreaterdelinquentTotaldelinquencyCurrentTotal loansreceivable90 days orgreaterdelinquentand accruingPersonal Banking:       Residential mortgage loans$28,690 10,112 4,931 43,733 3,134,536 3,178,269 — Home equity loans5,365 1,434 2,250 9,049 1,140,347 1,149,396 — Vehicle loans10,242 3,257 3,191 16,690 1,854,153 1,870,843 — Consumer loans860 383 776 2,019 122,223 124,242 578 Total Personal Banking45,157 15,186 11,148 71,491 6,251,259 6,322,750 578 Commercial Banking:Commercial real estate loans5,100 857 7,702 13,659 2,482,067 2,495,726 — Commercial real estate loans - owner occupied115 58 — 173 353,963 354,136 — Commercial loans5,632 1,726 7,335 14,693