Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 337

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 337
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120 31,068 15,022 46,090 78 Total$94,384 45,014 16,387 61,401 656  During the year ended December 31, 2024, we did not recognize any interest income on nonaccrual loans.The following table presents the amortized cost of our loans on nonaccrual status as of the beginning and end of the year ended December 31, 2023, (in thousands):    Nonaccrual            loans at                               January 1, 2023December 31, 2023 Nonaccrual                   loans with            an allowanceNonaccrual     loans with            no allowanceTotal nonaccrualloans at the end of the periodLoans 90 days past and accruing Personal Banking:    Residential mortgage loans$7,574 8,304 423 8,727 1,671 Home equity loans4,145 4,084 408 4,492 26 Vehicle loans3,771 4,187 629 4,816 44 Consumer loans256 229 — 229 722 Total Personal Banking15,746 16,804 1,460 18,264 2,463 Commercial Banking:Commercial real estate loans62,239 47,359 23,938 71,297 225 Commercial real estate loans - owner occupied624 676 — 676 — Commercial loans2,627 3,996 151 4,147 10 Total Commercial Banking65,490 52,031 24,089 76,120 235 Total$81,236 68,835 25,549 94,384 2,698     During the year ended December 31, 2023, we did not recognized any interest income on nonaccrual loans.

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of December 31, 2024 (in thousands