Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 262

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 262
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0 %4.08 %2,464,022 20.6 %4.44 %Maturing 1 to 3 years109,727 0.9 %1.96 %98,229 0.8 %0.86 %Maturing more than 3 years20,789 0.2 %0.46 %40,630 0.3 %0.24 %Total certificates2,677,645 22.1 %4.46 %2,602,881 21.7 %2.31 %Total deposits$12,144,554 100.0 %1.69 %$11,979,902 100.0 %0.88 %

  (1)   Represents percentage of total deposits.

  (2)   Represents weighted average nominal rate at year end.

The following table sets forth the dollar amount of deposits in each state by branch location as of December 31, 2024.

StateBalancePercent (Dollars in thousands)Pennsylvania$7,550,050 62.1 %New York2,814,777 23.2 %Ohio727,003 6.0 %Indiana1,052,724 8.7 %Total$12,144,554 100.0 %

The following table indicates the amount of our certificates of deposits of $250,000 or more by time remaining until maturity at December 31, 2024.

Maturity period Certificates of deposit (In thousands)Three months or less$141,194 Over three months through six months123,113 Over six months through twelve months104,198 Over twelve months5,420 Total$373,925 

At December 31, 2024 and 2023, we had total deposits in excess of $250,000 per depositor per account ownership category (the limit for FDIC insurance) of $1.9 billion and $1.8 billion, respectively. At those dates, we had no deposits that were uninsured for any other reason. The following table provides details regarding the Company’s uninsured deposits portfolio:

As of December 31, 2024BalancePercent of total depositsNumber of relationshipsUninsured deposits per the Call Report (1)$3,131,231 25.8 %5,233 Less intercompany deposit accounts