Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 15

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 15
---
 (42)3,450 (37)7,382 (79)Mortgage-backed securities - agency47,948 (292)1,141,622 (198,954)1,189,570 (199,246)Total $57,888 (354)1,334,242 (226,038)1,392,130 (226,392)

12

Table of Contents

The following table shows the fair value of and gross unrealized losses on available-for-sale investment securities and held to maturity investment securities, for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2024 (in thousands): Less than 12 months12 months or moreTotalFair valueUnrealizedlossFair valueUnrealizedlossFair valueUnrealizedlossU.S. government-sponsored enterprises$— — 145,507 (24,366)145,507 (24,366)Corporate debt issues— — 8,335 (143)8,335 (143)Municipal securities15,407 (186)39,296 (10,012)54,703 (10,198)Mortgage-backed securities - agency297,828 (3,578)1,117,280 (245,272)1,415,108 (248,850)Total $313,235 (3,764)1,310,418 (279,793)1,623,653 (283,557) The Company does not believe that the available-for-sale debt securities that were in an unrealized loss position as of September 30, 2025, which were comprised of 311 individual securities, represent a credit loss impairment. All of these securities were issued by U.S. government agencies, U.S. government-sponsored enterprises, local municipalities, or represent corporate debt. The securities issued by the U.S. government agencies or U.S. government-sponsored enterprises are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The securities issued by local municipalities and the corporate debt issues were all highly rated by major rating agencies and have no history of credit losses. The unrealized losses were primarily attributable to changes in the interest rate environment and