Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 352

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 352
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Net carrying value and fair valueBalance at December 31, 2022$7,802 (7)7,795 Additions788 (1)787 MSR sale(5,930)— (5,930)Amortization(1,551)— (1,551)Balance at December 31, 20231,109 (8)1,101 Additions558 6 564 Amortization(433)— (433)Balance at December 31, 2024$1,234 (2)1,232 

(6)    Accrued Interest Receivable

 Accrued interest receivable as of December 31, 2024 and 2023 is presented in the following table:      December 31, 20242023Investment securities$1,796 1,795 FHLB dividends392 637 Mortgage-backed securities3,741 2,743 Loans receivable40,427 42,178 Total$46,356 47,353 

(7)    FHLB Stock

 Northwest Bank is a member of the FHLB of Pittsburgh and a former member of the FHLB of Indianapolis. As a member of the FHLB of Pittsburgh, we are required to maintain a minimum investment in capital stock of the FHLB of Pittsburgh based upon membership, level of borrowings, collateral balances or participation in other programs. As a former member of the FHLB of Indianapolis, we are required to maintain a minimum investment in the capital stock of the FHLB of Indianapolis based upon participation in certain past programs. Our investment in the capital stock of the FHLB of Pittsburgh at December 31, 2024 and December 31, 2023 was $18 million and $27 million, respectively. In addition, our investment in the capital stock of the FHLB of Indianapolis at December 31, 2024 and December 31, 2023 was $3 million. We received dividends on capital stock during the years ended December 31, 2024 and 2023 of $2 million and $3 million, respectively.

(8)    Premises and Equipment

 Premises and equipment at December 31, 2024 and 2023 are summarized by major classification in the following table: December 31, 20242023Land and land