Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 339

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 339
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Personal Banking:Residential mortgage loans$191 967 — — 0.04 %$363 499 — 0.03 %Home equity loans— 541 — 142 0.06 %— 403 84 0.04 %Consumer loans— — — 12 0.01 %— 3 — %Total Personal Banking191 1,508 — 154 0.03 %363 902 87 0.02 %Commercial Banking:Commercial real estate loans268 191 — — 0.02 %— 71 — — %Commercial real estate loans - owner occupied— — 664 — 0.19 %— — %Commercial loans— 34 — 8 — %— 11 — — %Total Commercial Banking268 225 664 8 0.02 %— 82 — — %Total$459 1,733 664 162 0.03 %$363 984 87 0.01 %The following table presents the effect of the loan modifications presented above to borrowers experiencing financial difficulty for the periods indicated:For the year ended December 31,20242023 Weighted-average interest rate reductionWeighted-average term extensionin monthsPayment deferral (months)Weighted-average interest rate reductionWeighted-average term extension in monthsPayment deferral (months)Personal Banking:  Residential mortgage loans— 1519— %1426Home equity loans2 %9705 %920Consumer loans6 %66012 %3560Total Personal Banking3 %128917 %1180Commercial Banking:Commercial real estate loans— %1175— %570Commercial real estate loans - owner occupied2 %00— %00Commercial loans4 %310— %230Total Commercial Banking2 %1015— %520Total loans2 %125717 %1136The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that such loans have been modified within the previous twelve months of  December 31, 2024 (in thousands): 

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES