Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 149

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 149
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Amounts disclosed for ROU assets obtained in exchange for lease obligations include amounts added to the carrying amount of ROU assets resulting from lease modifications and reassessments.Maturities of lease liabilities by fiscal year for our operating leases are as follows:As of December 31, 20242025$5,514 20265,458 20275,234 20285,143 20294,554 Thereafter42,703 Total lease payments68,606 Less amount of lease payments representing interest18,633 Total present value of lease payments$49,973 

Rental expense for the years ended December 31, 2024, 2023 and 2022 was $8 million, $7 million and $7 million, respectively. 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

(4)    Marketable Securities

 Marketable securities available-for-sale at December 31, 2024 are as follows:    Amortized costGross unrealizedholding gainsGross unrealizedholding lossesFair valueDebt issued by the U.S. government and agencies:    Due after ten years$45,289 — (9,898)35,391 Debt issued by government-sponsored enterprises:Due after one year through five years122 — (4)118 Municipal securities:    Due after one year through five years888 10 (2)896 Due after five years through ten years16,662 4 (1,756)14,910 Due after ten years51,257 4 (8,440)42,821 Corporate debt issues:    Due after one year through five years5,485 — (78)5,407 Due after five years through ten years19,944 815 (65)20,694 Residential mortgage-backed securities:    Fixed rate pass-through237,892 106 (17,581)220,417 Variable rate pass-through3,738 54 (3)3,789 Fixed rate agency CMOs852,648 174 (132,989)719,833 Variable rate agency CMOs44,740 30 (102)44,668 Total