Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 328

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 328
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,831 1,551,672  Marketable securities having a carrying value of $615 million at December 31, 2024 were pledged under collateral agreements. During the year ended December 31, 2024, we sold marketable securities classified as available-for-sale for $276 million, with gross realized losses of $39 million. During the year ended December 31, 2023, we sold marketable securities classified as available-for-sale for $101 million, with gross realized gains of $9,000 and gross realized losses of $8 million. During the year ended December 31, 2022, there were no sales of marketable securities classified as available-for-sale. During the years ended December 31, 2024, 2023, and 2022, we did not recognize an allowance for credit losses in our investment portfolio.     The following table shows the fair value and gross unrealized losses on available for sale investment securities and held to maturity investment securities, for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2024:  Less than 12 months12 months or moreTotal Fair valueUnrealizedlossFair valueUnrealizedlossFair valueUnrealizedlossU.S. government-sponsored enterprises$— — 145,507 (24,366)145,507 (24,366)Corporate debt issues— — 8,335 (143)8,335 (143)Municipal securities15,407 (186)39,296 (10,012)54,703 (10,198)Residential mortgage-backed securities - agency297,828 (3,578)1,117,280 (245,272)1,415,108 (248,850)Total temporarily impaired securities$313,235 (3,764)1,310,418 (279,793)1,623,653 (283,557) The following table shows the fair value and gross unrealized losses on available for sale investment securities and held to maturity investment securities, for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2023: Less than