Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 152

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 152
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31, 2024, 2023 and 2022

The following table shows the contractual maturity of our residential mortgage-backed securities held-to-maturity at December 31, 2024:Amortized costFair valueResidential mortgage-backed securities:Due within one year$24 24 Due after one year through five years19,957 18,020 Due after five years through ten years20,184 16,510 Due after ten years585,959 493,396 Total residential mortgage-backed securities$626,124 527,950 The following table presents information regarding the issuers and the carrying values of our residential mortgage-backed securities at December 31, 2024 and 2023: December 31, 20242023Residential mortgage-backed securities:  FNMA$443,354 568,160 GNMA668,668 407,441 FHLMC502,805 576,066 Other (including non-agency)4 5 Total residential mortgage-backed securities$1,614,831 1,551,672  Marketable securities having a carrying value of $615 million at December 31, 2024 were pledged under collateral agreements. During the year ended December 31, 2024, we sold marketable securities classified as available-for-sale for $276 million, with gross realized losses of $39 million. During the year ended December 31, 2023, we sold marketable securities classified as available-for-sale for $101 million, with gross realized gains of $9,000 and gross realized losses of $8 million. During the year ended December 31, 2022, there were no sales of marketable securities classified as available-for-sale. During the years ended December 31, 2024, 2023, and 2022, we did not recognize an allowance for credit losses in our investment portfolio.     The following table shows the fair value and gross unrealized losses on available for sale investment securities and held to maturity investment securities, for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at December 31, 2024:  Less than 12 months12 months or moreTotal Fair valueUnrealizedlossFair valueUnrealizedlossFair valueUnrealizedlossU.S. government-sponsored enterprises$