Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 37

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 37
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ed funds197,270 193,574 210,576 — — (17,002)Subordinated debt114,625 117,002 — 117,002 — — Junior subordinated debentures129,899 127,256 — — 127,256 — Foreign exchange swaps 91 91 — 91 — — Interest rate swaps designated as hedging instruments— — — 727 — (727)Interest rate swaps not designated as hedging instruments26,339 26,339 — 33,255 — (6,916)Risk participation agreements31 31 — 31 — — Accrued interest payable6,843 6,843 6,843 — — — Total financial liabilities$12,649,254 12,645,455 9,795,124 151,106 2,723,870 (24,645)

27

The following table sets forth the carrying amount and estimated fair value of our financial instruments included in the Consolidated Statement of Financial Condition at December 31, 2024 (in thousands): CarryingamountEstimatedfair valueLevel 1Level 2Level 3Netting Adjustments (1)Financial assets:     Cash and cash equivalents$288,378 288,378 288,378 — — — Securities available-for-sale1,108,944 1,108,944 — 1,108,944 — — Securities held-to-maturity750,586 637,948 — 637,948 — — Loans receivable, net11,063,195 10,431,355 — — 10,431,355 — Loans held-for-sale76,331 76,331 — 68,620 7,711 — Accrued interest receivable 46,356 46,356 46,356 — — — Interest rate lock commitments342 342 — — 342 — Forward commitments34 34 — 34 — — Forward exchange swaps199 199 — 199 — — Interest rate swaps designated as hedging instruments1,497 1,497 — 1,529 — (32)Interest rate swaps not designated as