Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 37

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 37
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 December 31, 2024 are presented in the following table (dollars in thousands):September 30, 2025December 31, 2024AmountAverage rateAmountAverage rateTerm notes payable to the FHLB of Pittsburgh, due within one year$242,953 4.46 %$175,000 4.64 %Term notes payable to the FHLB of Pittsburgh, due in more than one year105,605 4.09 %— — %      Total term notes payable to the FHLB348,558 175,000 Collateralized borrowings, due within one year18,223 1.41 %22,3231.73 %Collateral received, due within one year1,460 4.36 %3,008 4.65 %      Total borrowed funds$368,241 $200,331     Borrowings from the Federal Home Loan Bank (“FHLB”) of Pittsburgh, if any, are secured by our residential first mortgage and other qualifying loans. At September 30, 2025, the carrying value of these loans was $5.3 billion. Certain of these borrowings are subject to restrictions or penalties in the event of prepayment.The revolving line of credit with the FHLB of Pittsburgh carries a commitment of $250 million. The rate is adjusted daily by the FHLB of Pittsburgh, and any borrowings on this line may be repaid at any time without penalty. There was no balance on the revolving line of credit at September 30, 2025 and December 31, 2024.

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At September 30, 2025 and December 31, 2024, collateralized borrowings due within one year were $18 million and $22 million, respectively. These borrowings are collateralized by cash or various securities held in safekeeping by the FHLB. At September 30, 2025, the carrying value of the cash and securities used as collateral was $33 million.At September 30, 2025 and December 31, 2024, collateral received was $1 million and $3 million, respectively. This represents collateral posted to us from our derivative counterparties.  At September 30, 2025 and December 31, 2024, term notes payable to the FHLB of Pittsburgh due within one year was $243 million