Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 16

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 16
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 not due to the credit quality of these investment securities. As of September 30, 2025, the Company does not have the intent to sell these investment securities and it is more likely than not that we will not be required to sell these securities before their anticipated recovery, which may be at maturity. All of the Company’s held-to-maturity debt securities are issued by U.S. government agencies or U.S. government-sponsored enterprises. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The decline in fair value 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 September 30, 2025. The following table presents the credit quality of our held-to-maturity securities, based on the latest information available as of September 30, 2025 (in thousands). The credit ratings are sourced from nationally recognized rating agencies, which include Moody’s and S&P, and 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 September 30, 2025. AA+TotalHeld-to-maturity securities (at amortized cost):  Debt issued by the U.S. government-sponsored enterprises$124,465 124,465   Mortgage-backed securities577,927 577,927 Total marketable securities held-to-maturity$702,392 702,392 

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Table of Contents

(4)    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 September 30, 2025 and December 31, 2024 (in thousands): September 30, 2025December 31, 2024Personal Banking: Residential mortgage loans3,157,853 3,178,269 Home equity loans1,520,893 1,149,396 Vehicle loans2,316,692 1,870,843 Consumer loans137,113 124,242 Total Personal Banking7,132,551 6,322,750 Commercial Banking:  Commercial real estate loans3,094,236 2,495,726 Commercial real estate