Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 145

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 145
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(a)Average gross loans includes loans held as available-for-sale and loans placed on nonaccrual status.

(b)Interest income includes accretion/amortization of deferred loan fees/expenses, which were not material.

(c)Average balances do not include the effect of unrealized gains or losses on securities held as available-for-sale.

(d)Interest income on tax-free investment securities and tax-free loans are presented on a FTE basis.  We believe this measure to be the preferred industry measurement of net interest income and provides relevant comparison between taxable and non-taxable amounts.

(e)Average balances include the effect of unrealized gains or losses on securities held as available-for-sale.

(f)Average balances include FHLB borrowings and collateralized borrowings.

(g)Average cost of deposits were 1.59% and 1.61%, respectively.

(h)Annualized.

49

Rate/Volume Analysis

(in thousands)

The following table represents the extent to which changes in interest rates and changes in the volume of interest-earning assets and interest-bearing liabilities have affected interest income (FTE) and interest expense during the periods indicated. Information is provided in each category with respect to (i) changes attributable to changes in volume (changes in volume multiplied by prior rate), (ii) changes attributable to changes in rate (changes in rate multiplied by prior volume), and (iii) net change. Changes that cannot be attributed to either rate or volume have been allocated to both rate and volume.

For the quarter ended March 31, 2025 vs. 2024Increase/(decrease) due to Total  increase/(decrease)RateVolumeInterest-earning assets:   Loans receivable$17,564 (2,496)15,068 Mortgage-backed securities3,416 370 3,786 Investment securities594 (425)169 FHLB stock, at cost(42)(199)(241)Other interest-earning deposits(220)1,804 1,584 Total interest-earning assets21,312 (946)20,366 Interest-bearing liabilities:   Savings deposits1,204 212 1,416 Interest-bearing demand deposits1,513 148 1,661 Money market deposit accounts850 543 1,393 Time deposits(4,192)(639)(4,831)Borrowed funds(1,085)(2,417)(3,502)Subordinated