Company: NWBI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001471265-25-000137
Chunk: 32

Company: Northwest Bancshares, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 32
---
 the actual aggregate amortization expense for the quarters ended June 30, 2025 and 2024, as well as the estimated aggregate amortization expense, based upon current levels of intangible assets, for the current fiscal year and each of the succeeding fiscal years until the intangible assets are fully amortized (in thousands):For the quarter ended June 30, 2025$436 For the quarter ended June 30, 2024635 For the six months ended June 30, 2025940 For the six months ended June 30, 20241,336 For the year ending December 31, 20251,662 For the year ending December 31, 2026871 For the year ending December 31, 2027304  The following table provides information for the changes in the carrying amount of goodwill (in thousands):TotalBalance at December 31, 2024$380,997 Balance at June 30, 2025$380,997  We performed our annual goodwill impairment test as of June 30, 2025 in accordance with Accounting Standards Codification ("ASC") 350, Intangibles - Goodwill and Other, and concluded that goodwill was not impaired.

(5)    Borrowed Funds 

(a)    Borrowings Borrowed funds at June 30, 2025 and December 31, 2024 are presented in the following table (dollars in thousands):June 30, 2025December 31, 2024AmountAverage rateAmountAverage rateTerm notes payable to the FHLB of Pittsburgh, due within one year$175,000 4.60 %$175,000 4.64 %Collateralized borrowings, due within one year22,544 1.82 %22,3231.73 %Collateral received, due within one year464 4.67 %3,008 4.65 %      Total borrowed funds$198,008 $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 June 30, 2025, the carrying value of these loans was $5.6 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