XML 27 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES:    
Net Income $ 16,170us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 14,611us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for loan losses 900us-gaap_ProvisionForLoanAndLeaseLosses 7,485us-gaap_ProvisionForLoanAndLeaseLosses
Net (gain)/ loss on sale of assets 274us-gaap_GainsLossesOnSalesOfAssets (3,602)us-gaap_GainsLossesOnSalesOfAssets
Net depreciation, amortization and accretion 1,549us-gaap_DepreciationAmortizationAndAccretionNet 2,845us-gaap_DepreciationAmortizationAndAccretionNet
Decrease in other assets 5,685us-gaap_IncreaseDecreaseInOtherOperatingAssets 10,032us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase/ (decrease) in other liabilities 1,136us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (6,534)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net amortization on marketable securities 87us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 105us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Noncash write-down of real estate owned 1,181us-gaap_ImpairmentOfRealEstate 648us-gaap_ImpairmentOfRealEstate
Origination of loans held for sale (221)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale (660)us-gaap_PaymentsForOriginationAndPurchasesOfLoansHeldForSale
Proceeds from sale of loans held for sale 224us-gaap_ProceedsFromSaleOfLoansHeldForSale 907us-gaap_ProceedsFromSaleOfLoansHeldForSale
Noncash compensation expense related to stock benefit plans 880us-gaap_ShareBasedCompensation 1,239us-gaap_ShareBasedCompensation
Net cash provided by operating activities 27,865us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 27,076us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES:    
Purchase of marketable securities available-for-sale (29,985)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (22,805)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from maturities and principal reductions of marketable securities available-for-sale 30,329us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 33,414us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from maturities and principal reductions of marketable securities held-to-maturity 12,914us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 3,643us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Proceeds from sale of marketable securities available-for-sale 293us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 5,735us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Loan originations (496,009)nwbi_OriginationsOfLoansReceivableHeldForInvestment (447,423)nwbi_OriginationsOfLoansReceivableHeldForInvestment
Proceeds from loan maturities and principal reductions 419,198us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 398,726us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
(Purchase)/ redemptions of Federal Home Loan Bank stock (2,999)us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock 1us-gaap_PaymentsForProceedsFromFederalHomeLoanBankStock
Proceeds from sale of real estate owned 2,729us-gaap_ProceedsFromSaleOfForeclosedAssets 2,866us-gaap_ProceedsFromSaleOfForeclosedAssets
Sale of real estate owned for investment, net 152us-gaap_PaymentsToAcquireRealEstateHeldForInvestment 152us-gaap_PaymentsToAcquireRealEstateHeldForInvestment
Purchase of premises and equipment (2,075)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,607)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisitions, net of cash received (438)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (2,792)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Net cash used in investing activities (65,891)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (32,090)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES:    
Increase in deposits, net 49,525us-gaap_IncreaseDecreaseInDeposits 105,984us-gaap_IncreaseDecreaseInDeposits
Proceeds from long-term borrowings 85,000us-gaap_ProceedsFromIssuanceOfLongTermDebt  
Repayments of long-term borrowings (10,013)us-gaap_RepaymentsOfLongTermDebt (15)us-gaap_RepaymentsOfLongTermDebt
Net decrease in short-term borrowings (19,254)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (16,009)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Increase in advances by borrowers for taxes and insurance 4,491nwbi_IncreaseDecreaseInAdvancesByBorrowersForTaxesAndInsurance 4,405nwbi_IncreaseDecreaseInAdvancesByBorrowersForTaxesAndInsurance
Cash dividends paid (12,973)us-gaap_PaymentsOfDividends (21,224)us-gaap_PaymentsOfDividends
Purchase of common stock for retirement (3,790)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue  
Proceeds from stock options exercised 1,435us-gaap_ProceedsFromStockOptionsExercised 2,294us-gaap_ProceedsFromStockOptionsExercised
Net cash provided by financing activities 94,421us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 75,435us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase in cash and cash equivalents 56,395us-gaap_NetCashProvidedByUsedInContinuingOperations 70,421us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 240,706us-gaap_CashAndCashEquivalentsAtCarryingValue 391,905us-gaap_CashAndCashEquivalentsAtCarryingValue
Net increase in cash and cash equivalents 56,395us-gaap_NetCashProvidedByUsedInContinuingOperations 70,421us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at end of period 297,101us-gaap_CashAndCashEquivalentsAtCarryingValue 462,326us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents:    
Cash and due from banks 83,970us-gaap_CashAndDueFromBanks 81,927us-gaap_CashAndDueFromBanks
Interest-earning deposits in other financial institutions 212,496us-gaap_InterestBearingDepositsInBanks 379,765us-gaap_InterestBearingDepositsInBanks
Federal funds sold and other short-term investments 635nwbi_FederalFundsSoldAndOtherShortTermInvestments 634nwbi_FederalFundsSoldAndOtherShortTermInvestments
Total cash and cash equivalents 297,101us-gaap_CashAndCashEquivalentsAtCarryingValue 462,326us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Interest on deposits and borrowings (including interest credited to deposit accounts of $5,256 and $5,819, respectively) 13,499nwbi_CashPaidForInterestOnDepositsAndBorrowings 14,232nwbi_CashPaidForInterestOnDepositsAndBorrowings
Income taxes 1,027us-gaap_IncomeTaxesPaid 5,016us-gaap_IncomeTaxesPaid
Business acquisitions:    
Fair value of assets acquired 438us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 2,798us-gaap_NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
Cash paid (438)us-gaap_PaymentsToAcquireBusinessesGross (2,792)us-gaap_PaymentsToAcquireBusinessesGross
Liabilities assumed   6us-gaap_NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
Non-cash activities:    
Loan foreclosures and repossessions 2,623nwbi_TransferOfOtherRealEstateAndOtherRepossessedPersonalProperty 1,839nwbi_TransferOfOtherRealEstateAndOtherRepossessedPersonalProperty
Sale of real estate owned financed by the Company $ 114nwbi_SaleAndFinancingOfOtherRealEstateOwned $ 88nwbi_SaleAndFinancingOfOtherRealEstateOwned