Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 331

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 331
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,457 Commercial real estate loans - owner occupied229,448 124,688 354,136 319,195 26,358 345,553 Commercial loans2,002,625 4,777 2,007,402 1,623,481 35,248 1,658,729 Total Commercial Banking4,543,635 313,629 4,857,264 4,332,213 300,526 4,632,739 Total loans receivable, gross10,674,166 505,848 11,180,014 10,765,140 640,901 11,406,041 Allowance for credit losses(112,427)(4,392)(116,819)(118,079)(7,164)(125,243)Total loans receivable, net (3)$10,561,739 501,456 11,063,195 $10,647,061 633,737 11,280,798 (1)Includes originated and purchased loan pools purchased in an asset acquisition.(2)Includes loans subject to purchase accounting in a business combination.(3)Includes $60 million and $68 million of net unearned income, unamortized premiums and discounts and deferred fees and costs at December 31, 2024 and December 31, 2023, respectively.

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

As of December 31, 2024 and 2023, we serviced loans for others approximating $244 million and $231 million, respectively. These loans serviced for others are not our assets and are not included in our financial statements.As of December 31, 2024 and 2023, approximately 36% and 38% of our loan portfolio was secured by properties located in Pennsylvania. We do not believe we have significant concentrations of credit risk to any one group of borrowers given our underwriting and collateral requirements.Loans receivable as of December 31, 2024 and 2023 include $4.3 billion and $4.0 billion, respectively, of adjustable rate loans and $6.9 billion and $7.3 billion, respectively, of fixed rate loans.The following table provides