Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 89

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 89
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 during the year.

The following table sets forth information concerning our borrowings at the dates and for the periods indicated.  During the years ended December 31, 20242023 (Dollars in thousands)FHLB borrowings:  Average balance outstanding$254,033 568,350 Maximum outstanding at end of any month during year493,300 787,300 Balance outstanding at end of year175,000 338,500 Weighted average interest rate during year5.49 %5.37 %Weighted average interest rate at end of year4.64 %5.70 %Collateralized borrowings:Average balance outstanding$26,061 63,694 Maximum outstanding at end of any month during year35,278 101,059 Balance outstanding at end of year22,323 35,495 Weighted average interest rate during year1.71 %1.09 %Weighted average interest rate at end of year1.73 %1.72 %Collateral received:Average balance outstanding$31,326 37,942 Maximum outstanding at end of any month during year55,900 62,300 Balance outstanding at end of year3,008 24,900 Weighted average interest rate during year5.35 %5.28 %Weighted average interest rate at end of year4.65 %5.26 %Subordinated borrowings:Average balance outstanding$114,378 114,029 Maximum outstanding at end of any month during year114,538 114,189 Balance outstanding at end of year114,538 114,189 Weighted average interest rate during year4.00 %4.00 %Weighted average interest rate at end of year4.00 %4.00 %Total borrowings:Average balance outstanding$425,798 784,015 Maximum outstanding at end of any month during year681,027 1,009,462 Balance outstanding at end of year314,869 513,084 Weighted average interest rate during year4.85 %4.82 %Weighted average interest rate at end of year4.20 %5.02 %

Shareholders’ equity. Total shareholders’ equity at December 31, 2024 was $1.60 billion, or $12.52 per share, an increase