Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 115

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 115
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3,307,757 1,502,220 1,719,688 997,671 13,163,845 Rate-sensitive liabilities:Time deposits2,548,387 108,797 18,702 1,734 25 2,677,645 Money market demand accounts1,763,560 — — — 244,179 2,007,739 Savings deposits409,107 535,952 535,952 690,240 — 2,171,251 Interest-bearing demand deposits583,984 400,052 400,052 1,000,130 282,286 2,666,504 FHLB Advances— 100,000 75,000 — — 175,000 Collateral34,850 — — — — 34,850 Other borrowings22,323 — — — — 22,323 Trust Preferred Securities129,834 — — — — 129,834 Subordinated debt114,538 — — — — 114,538 Total rate-sensitive liabilities$5,606,583 1,144,801 1,029,706 1,692,104 526,490 9,999,684 Cumulative interest sensitivity gap$29,926 2,192,882 2,665,396 2,692,980 3,164,161 3,164,161 Cumulative interest sensitivity gap as a percentage of total assets0.21 %15.18 %18.46 %18.65 %21.91 %21.91 %Cumulative interest-earning assets as a percent of cumulative interest-bearing liabilities100.53 %132.48 %134.25 %128.43 %131.64 %131.64 %

For comparison, at December 31, 2023, we had a cumulative interest sensitivity gap as a percentage of total assets of 23.09%. We have an Asset/Liability Committee, consisting of members of management, which meets monthly to review market interest rates, economic conditions, the pricing of interest earning assets and interest bearing liabilities and our balance sheet structure. On a quarterly basis, this committee also reviews our interest rate risk position and our cash flow projections.

Our Board of Directors has a Risk Management Committee, which meets quarterly