| Schedule of borrowed funds |
Borrowed funds at September 30, 2026 and December 31, 2025 are presented in the following table (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Amount | | Average rate | | Amount | | Average rate | | Term notes payable to the FHLB of Pittsburgh, due within one year | $ | 525,000 | | | 4.18 | % | | $ | 332,569 | | | 3.99 | % | | Term notes payable to the FHLB of Pittsburgh, due in more than one year | 55,247 | | | 3.92 | % | | 105,482 | | | 4.09 | % | | | | | | | | | | Total term notes payable to the FHLB | 580,247 | | | | | 438,051 | | | | | | | | | | | | | Revolving line of credit, FHLB of Pittsburgh | 206,400 | | | 4.20 | % | | — | | | — | % | | Collateralized borrowings, due within one year | 68 | | | 2.85 | % | | 8,232 | | 1.55 | % | | | | | | | | | | Total borrowed funds | $ | 786,715 | | | | | $ | 446,283 | | | |
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| Schedule of capital debt securities and junior subordinated deferrable interest debentures |
The following table sets forth a summary of the cumulative trust preferred securities and the junior subordinated debt held by the Trust as of the date listed (dollars in thousands). | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Maturity date | | Interest rate | | | | Capital debt securities | | September 30, 2026 | | December 31, 2025 | | Northwest Bancorp Capital Trust III | | | December 30, 2035 | | 3-month SOFR plus 1.38% | | | | $ | 50,000 | | | 51,547 | | | 51,547 | | | Northwest Bancorp Statutory Trust IV | | | December 15, 2035 | | 3-month SOFR plus 1.38% | | | | 50,000 | | | 51,547 | | | 51,547 | | | LNB Trust II | | | June 15, 2037 | | 3-month SOFR plus 1.48% | | | | 7,875 | | | 8,119 | | | 8,119 | | | Union National Capital Trust I (1) | | | January 23, 2034 | | 3-month SOFR plus 2.85% | | | | 8,000 | | | 8,067 | | | 8,049 | | | Union National Capital Trust II (1) | | | November 23, 2034 | | 3-month SOFR plus 2.00% | | | | 3,000 | | | 2,871 | | | 2,850 | | | MFBC Statutory Trust I (1) | | | September 15, 2035 | | 3-month SOFR plus 1.70% | | | | 5,000 | | | 4,073 | | | 3,995 | | | Universal Preferred Trust (1) | | | October 7, 2035 | | 3-month SOFR plus 1.69% | | | | 5,000 | | | 4,064 | | | 3,986 | | | | | | | | | | | $ | 128,875 | | | 130,288 | | | 130,093 | |
(1) Net of discounts due to the fair value adjustment made at the time of acquisition.
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