Company: NWBI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001471265-25-000077
Chunk: 18

Company: Northwest Bancshares, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 18
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 equity loans616 3 — 17 Consumer loans2 — — — Total Personal Banking1,024 87 — 381 Commercial Banking:Commercial real estate loans29,121 — — — Commercial loans10 9 47 — Total Commercial Banking29,131 9 47 — Total loans$30,155 96 47 381 A modification is considered to be in default when the loan is 90 days or more past due. The following table provides the amortized cost basis of financing receivables that had a payment default during the periods indicated and were modified within the previous twelve months to borrowers experiencing financial difficulty (in thousands): For the quarter ended March 31,20252024Term extensionPayment delayTerm extensionPayment delayPersonal Banking:Residential mortgage loans$— $191 0$364 Home equity loans25 — 17— Total Personal Banking25 191 17364Commercial Banking:Commercial real estate loans1,827 — — Total Commercial Banking1,827 — — — Total$1,852 $191 17 364 

17

The modifications to borrowers experiencing financial distress are included in their respective portfolio segment and the current loan balance and updated loan terms are run through their respective ACL models to arrive at the quantitative portion of the ACL.  Subsequent performance of the loans will be measured by delinquency status and will be captured through our ACL models or our qualitative factor assessment, as deemed appropriate. If we no longer believe the loan demonstrates similar risks to their respective portfolio segment an individual assessment will be performed.  Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.  The following table provides information related to the amortized cost basis of loan payment delinquencies at March 31, 2025 (in thousands): 30-59 daysdelinquent60-89 daysdelinquent90 days orgreaterdelinquentTotaldelinquencyCurrentTotal loansreceivablePersonal Banking:     Residential mortgage loans$32,840 3,074 4,005 39,919 3,081,728 3,