Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 116

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 116
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(2,362)Risk participation agreements 16 16 — 16 — — Accrued interest payable6,935 6,935 6,935 — — — Total financial liabilities$12,631,617 12,626,720 9,701,963 153,801 2,805,192 (34,236)(1)     Amounts represent the impact of legally enforceable master netting agreements that allow the Company to settle positive and negative positions and cash collateral held or placed with the same counterparties.Fair value estimates are made at a point-in-time, based on relevant market data and information about the instrument. The methods and assumptions detailed above were used in estimating the fair value of financial instruments at both March 31, 2025 and December 31, 2024.     

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The following table represents assets and liabilities measured at fair value on a recurring basis at March 31, 2025 (in thousands):Level 1Level 2Level 3Netting Adjustments (1)Total assets at fair valueDebt securities:    U.S. government and agencies$— 35,491 — — 35,491 Government-sponsored enterprises— 102 — — 102 States and political subdivisions— 58,149 — — 58,149 Corporate— 29,118 — — 29,118 Total debt securities— 122,860 — — 122,860 Mortgage-backed securities:   GNMA— 48,976 — — 48,976 FNMA— 84,059 — — 84,059 FHLMC— 98,907 — — 98,907 Non-agency— 4 — — 4 Collateralized mortgage obligations:   GNMA— 564,526 — — 564,526 FNMA— 83,473 — — 83,473 FHLMC— 150,580 — — 150,580 Total mortgage-backed securities— 1,030,525 — — 1,030,525 Interest rate lock commitments— — 433 — 433 Forward commitments— 71 — — 71 Foreign exchange swaps— 4 — — 4 Interest rate