Company: NWBI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001471265-25-000161
Chunk: 146

Company: Northwest Bancshares, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 146
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ase in interest expense$302 732 889 2,198 Non-hedging swap derivatives:Increase/(decrease) in other income325 (221)(287)(45)Increase/(decrease) in mortgage banking income223 (73)1,012 135 The following table presents information regarding our derivative financial instruments designated as hedging for the quarter ended September 30, 2025 (dollars in thousands):Notional amountEffective rateEstimated decrease to interest expense in the next twelve monthsMaturity dateRemaining term (in months)Interest rate products:Issued May 11, 2023$25,000 3.40 %$(271)5/11/202719Issued May 12, 202325,000 3.42 %(258)5/12/202831Issued May 19, 202325,000 3.73 %(185)11/19/202726Issued May 31, 202325,000 3.95 %(132)11/30/202614Issued July 26, 202325,000 4.16 %(82)7/26/202834Issued July 31, 202325,000 4.23 %(60)1/31/202828Issued August 9, 202325,000 4.21 %(64)8/9/202722Total$175,000 $(1,052) 

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Table of Contents

Our derivatives are presented on a net basis taking into consideration the effects of legally enforceable master netting agreements. Additionally, collateral exchanged with counterparties is also netted against the applicable derivative fair values. We enter into derivative transactions with two primary groups, banks and our customers. Different methods are utilized for managing counterparty credit exposure and credit risk for each of these groups.  The following tables present the gross amounts of these assets and liabilities with any offsets to arrive at the net amounts recognized in the Consolidated Statements of Financial Condition as of September 30, 2025 (dollars in thousands).Derivative assetsGross amounts of recognized assetsGross amounts offset in the consolidated statement of financial conditionNet amounts of assets presented in the consolidated of conditionInterest rate swaps - hedging$126 (126)— Interest rate swaps - not hedging29,056 (16,375)12,681 Derivative liabilitiesGross amounts of recognized liabilitiesGross amounts offset in the