Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 94

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 94
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 in thousands).  For the quarter ended March 31,20252024Payment delayTerm extensionCombination term extension and interest rate reductionTotal class of financing receivablePayment delayTerm extensionCombination term extension and interest rate reductionTotal class of financing receivablePersonal Banking:Residential mortgage loans$— $31 — 0.00 %364 490 — 0.03 %Home equity loans— 89 — 0.01 %— 552 84 0.05 %Consumer loans— — — — %— — 2 — %Total Personal Banking— 120 — 0.00 %364 1,042 86 0.02 %Commercial Banking:Commercial real estate loans30 1,827 — 0.08 %28,877 243 — 1.09 %Commercial loans1,785 8 10 0.09 %— 56 10 — %Total Commercial Banking1,815 1,835 10 0.08 %28,877 299 10 0.61 %Total$1,815 $1,955 10 0.03 %29,241 1,341 96 0.27 %   The following table presents the effect of the loan modifications presented above to borrowers experiencing financial difficulty for the periods indicated:For the quarter ended March 31,20252024 Weighted-average interest rate reductionWeighted-average term extension in monthsWeighted-average payment deferral in yearsWeighted-average interest rate reductionWeighted-average term extension in monthsWeighted-average payment deferral in yearsPersonal Banking:  Residential mortgage loans— %1300— %1430.5Home equity loans— %11902 %970Consumer loans— %0012 %3560Total Personal Banking— %12203 %1180.5Commercial Banking:Commercial real estate loans— %50.5— %1061.0Commercial loans1 %890.84 %1180Total Commercial Banking1 %50.84 %1081.0Total loans1 %120.83 %1161.0

16

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that such loans have been modified