Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 164

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 164
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Weighted-average interest rate reductionWeighted-average term extension in monthsPayment deferral (months)Personal Banking:  Residential mortgage loans— 1519— %1426Home equity loans2 %9705 %920Consumer loans6 %66012 %3560Total Personal Banking3 %128917 %1180Commercial Banking:Commercial real estate loans— %1175— %570Commercial real estate loans - owner occupied2 %00— %00Commercial loans4 %310— %230Total Commercial Banking2 %1015— %520Total loans2 %125717 %1136The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that such loans have been modified within the previous twelve months of  December 31, 2024 (in thousands): 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

 Current30-59 daysdelinquent60-89 daysdelinquent90 days or greater delinquentPersonal Banking:Residential mortgage loans$490 — 9 191 Home equity loans152 120 — 16 Consumer loans10 — — — Total Personal Banking652 120 9 207 Commercial Banking:Commercial real estate loans153 — — 268 Commercial real estate loans - owner occupied664 — — — Commercial loans43 — — — Total Commercial Banking860 — — 268 Total loans$1,512 120 9 475 The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that such loans have been modified since the adoption of ASU 2022-02 (in thousands): Current30-59 daysdelinquent60-89 daysdelinquent90 days or greater delinquentPersonal Banking:Residential mortgage loans$148 342 8 363 Home equity loans465 23 — — Consumer loans3 — — — Total Personal Banking6163658363Commercial Banking: