Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 332

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 332
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 information related to the allowance for credit losses by portfolio segment and by class of financing receivable for the year ended December 31, 2024 (in thousands):Balance as of December 31, 2024Current period provisionCharge-offsRecoveriesBalance as of December 31, 2023Allowance for Credit LossesPersonal Banking:Residential mortgage loans$14,347 (4,473)(845)1,472 18,193 Home equity loans4,845 51 (1,736)1,127 5,403 Vehicle loans22,389 2,509 (8,809)1,778 26,911 Consumer loans1,883 5,022 (5,929)1,591 1,199 Total Personal Banking43,464 3,109 (17,319)5,968 51,706 Commercial Banking:Commercial real estate loans44,328 4,902 (15,321)3,480 51,267 Commercial real estate loans - owner occupied3,882 69 — 38 3,775 Commercial loans25,145 19,599 (14,462)1,513 18,495 Total Commercial Banking73,355 24,570 (29,783)5,031 73,537 Total$116,819 27,679 (47,102)10,999 125,243 Allowance for Credit Losses - off-balance-sheet exposure Personal Banking:Residential mortgage loans$— (2)— — 2 Home equity loans62 (3)— — 65 Total Personal Banking62 (5)— — 67 Commercial Banking:Commercial real estate loans4,154 (1,993)— — 6,147 Commercial real estate loans - owner occupied160 (13)— — 173 Commercial loans9,573 (1,163)— — 10,736 Total Commercial Banking13,887 (3,169)— — 17,056 Total off-balance-sheet exposure$13,949 (3,174)— — 17,123 During the year ended December 31, 2024, we sold $24 million of loans that were classified as held-for-investment, for a loss of $5 million, which is reported in provision for credit losses in the Consolidated Statements