Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 201

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 201
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 Interest rate swaps designated as hedging instruments713 713 — 713 — Interest rate swaps not designated as hedging instruments41,406 41,406 — 41,406 — FHLB stock30,146 30,146 — — — Total financial assets$13,390,295 12,268,757 169,613 1,784,996 10,284,002 Financial liabilities:Savings and checking accounts$9,377,021 9,377,021 9,377,021 — — Time deposits2,602,881 2,113,177 — — 2,113,177 Borrowed funds398,895 386,446 386,446 — — Subordinated debt114,189 109,471 — 109,471 — Junior subordinated debentures129,574 112,159 — — 112,159 Foreign exchange swaps291 291 — 291 — Interest rate swaps designated as hedging instruments 1,198 1,198 — 1,198 — Interest rate swaps not designated as hedging instruments41,437 41,437 — 41,437 — Risk participation agreements14 14 — 14 — Accrued interest payable13,669 13,669 13,669 — — Total financial liabilities$12,679,169 12,154,883 9,777,136 152,411 2,225,336 Fair value estimates are made at a point-in-time, based on relevant market data and information about the instrument. The preceding methods and assumptions were used in estimating the fair value of financial instruments at December 31, 2024 and 2023.  

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

The following table represents assets and liabilities measured at fair value on a recurring basis as of December 31, 2024: Level 1Level 2Level 3Netting Adjustments (1)Total atfair valueDebt securities:    U.S. government and agencies$— 35,391 — —