Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 106

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 106
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14,462)(4,166)   Total charge-offs(47,102)(21,024)   Recoveries:     Residential mortgage loans1,472 1,636    Home equity loans1,127 709    Vehicle loans1,778 2,021    Consumer loans1,591 1,206    Commercial real estate loans3,480 2,029    Commercial real estate loans - owner occupied 38 66    Commercial loans1,513 1,474    Total recoveries10,999 9,141    Balance at end of period$116,819 125,243 Allowance for credit losses as a percentage of loans receivable1.04 %1.10 %Net charge-offs as a percentage of average loans outstanding:   Residential mortgage loans(0.02)%(0.01)%   Home equity loans0.05 %0.01 %   Vehicle loans0.37 %0.22 %   Consumer loans 4.04 %4.11 %   Commercial real estate loans0.39 %0.01 %   Commercial real estate loans - owner occupied— %— %   Commercial loans0.72 %0.20 %   Total Average Loans Receivable0.32 %0.11 %Allowance for credit losses as a percentage of nonperforming loans188.24 %129.01 %Allowance for credit losses as a percentage of nonperforming assets149.40 %128.87 %

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Allocation of Allowance for Credit Losses. The following tables set forth the allocation of the allowance for credit losses by loan category at the dates indicated. The allowance for credit losses allocated to each category is not necessarily indicative of future losses in any particular category.

 At December 31, 20242023 Amount% of totalloans (1)Amount% of totalloans (1) (Dollars in thousands)Balance at end of year applicable to:    Residential mortgage loans$14,347 28.4 %$18,193 30.0 %Home equity loans4,845 10.3 %5,403 10.8 %Vehicle loans22,389 16.7 %26,911 17.6