Exhibit 99.1

EARNINGS RELEASE

FOR IMMEDIATE RELEASE


Contact:		William J. Wagner, President and Chief Executive Officer (814) 726-2140
		William W. Harvey, Jr., Executive Vice President and Chief Financial Officer (814) 726-2140

Northwest Bancorp, Inc. Announces Quarterly Earnings and Dividend Declaration

Warren, Pennsylvania — October 22, 2009

Northwest Bancorp, Inc. (NasdaqGS: NWSB) announced net income for the quarter ended September 30, 2009 of $12.1 million, or $0.25 per diluted share. This represents an increase of $2.3 million, or 22.7%, over the same quarter last year when net income was $9.8 million, or $0.20 per diluted share. The annualized returns on average shareholders’ equity and average assets for the current quarter were 7.48% and 0.68% compared to 6.31% and 0.57% for the same quarter last year.

In making this announcement, William J. Wagner, President and CEO, noted, “We are pleased to report positive earnings when many institutions in our industry are reporting operating losses. In addition, our core earnings components for the quarter were strong with a net interest margin of 3.54% of average assets, non-interest income of 0.79% of average assets, and noninterest expense of 2.53% of average assets. Unfortunately, economic conditions have caused our Company to record higher provisions for loan losses which has greatly impacted earnings over the past year. We also continued to improve our balance sheet, as we experienced significant growth in home equity and commercial loans during the quarter while also realizing good growth in deposits, with an emphasis on checking accounts and savings accounts.”

The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.22 per share payable on November 12, 2009, to shareholders of record as of November 2, 2009. This represents the 60^th consecutive quarter in which the Company has paid a cash dividend.

Net interest income decreased by $700,000, or 1.2%, for the quarter ended September 30, 2009 compared to the same quarter last year. Net interest margin for the quarter ended September 30, 2009 was 3.54% compared to 3.71% for the quarter ended September 30, 2008. The decrease resulted primarily from the Company carrying, on average, $298.2 million more in overnight funds than in the previous year earning an average rate of 0.30% compared to an average rate of 2.69% in the previous year. As a result of strong deposit growth combined with a reduction of the Company’s mortgage loan portfolio the Company was carrying historically high levels of overnight funds.

The provision for loan losses increased by $2.8 million to $9.8 million for the quarter ended September 30, 2009 compared to $7.0 million for the same quarter last year. This increase is primarily the result of continued weakness in economic conditions and the resulting impact on

the Company’s borrowers. Loans with payments 90 days or more delinquent have increased to $117.1 million at September 30, 2009 from $99.2 million at December 31, 2008 and $94.9 million at September 30, 2008. Loans 90 days or more delinquent were $122.6 million at June 30, 2009. Net losses from loans charged-off were $8.8 million for the quarter ended September 30, 2009 compared to $2.3 million for the quarter ended September 30, 2008. Net losses from loans charged-off were $14.5 million and $6.5 million for the nine-month periods ended September 30, 2009 and 2008, respectively.

Noninterest expense increased by $2.3 million, or 5.3%, to $45.0 million for the quarter ended September 30, 2009 from $42.7 million for the quarter ended September 30, 2008 primarily due to increases in FDIC insurance assessments and marketing expenses. Federal deposit insurance premiums increased by $1.4 million, or 133.4%, as the Company was able to use available credits in the prior year to partially offset premiums. Marketing expenses increased by $926,000, or 78.7%, to $2.1 million for the quarter ended September 30, 2009 from $1.2 million for the quarter ended September 30, 2008. The increase is primarily the result of the Company’s marketing campaign focused on the acquisition of checking account relationships.

Net income for the nine-month period ended September 30, 2009 of $31.6 million, or $0.65 per diluted share, represents a decrease of $5.2 million, or 14.2% compared to net income of $36.9 million, or $0.76 per diluted share, for the nine-month period ended September 30, 2008. This decrease resulted primarily from the Company recording a provision for loan losses which was $14.7 million, or 116.4%, higher than the previous year. The increase in the provision was considered necessary given the current economic environment. Also contributing to the decrease in income was a $3.3 million special assessment by the FDIC. Partially offsetting these reductions was an $11.8 million, or 7.4%, increase in net interest income. The annualized returns on average shareholders’ equity and average assets were 6.68% and 0.60%, respectively, for the current nine-month period compared to 7.92% and 0.72%, respectively, in the prior year.

Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bancorp, Inc., through its subsidiary Northwest Savings Bank, currently operates 170 community-banking locations in Pennsylvania, New York, Ohio, Maryland and Florida. Northwest Savings Bank is a full-service financial institution offering a complete line of retail and business banking products as well as investment management and trust services. The Company also operates 50 consumer finance offices in Pennsylvania through its subsidiary, Northwest Consumer Discount Company. Northwest Bancorp, Inc.’s stock is listed on the NASDAQ Global Select Market. Additional information regarding Northwest Bancorp, Inc. can be accessed on-line at www.northwestsavingsbank.com.

# # #

Forward-Looking Statements — This press release may contain forward-looking statements with respect to the financial condition and results of operations of Northwest Bancorp, Inc. including, without limitations, statements relating to the earnings outlook of the Company. These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements, include among others, the following possibilities: (1) changes in the interest rate environment; (2) competitive pressure among financial services companies; (3) general economic conditions including an increase in non-performing loans that could result from an economic downturn; (4) changes in legislation or regulatory requirements; (5) difficulties in continuing to improve operating efficiencies; (6) difficulties in the integration of acquired businesses; and (7) increased risk associated with an increase in commercial real-estate and business loans and non-performing loans. Management has no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this release.

Northwest Bancorp, Inc. and Subsidiaries
Consolidated Statements of Financial Condition
(Dollars in thousands, except per share amounts)


	(Unaudited)
	September 30,			December 31,
	2009			2008
Assets
Cash and cash equivalents	$	60,308			55,815
Interest-earning deposits in other financial institutions		219,227			16,795
Federal funds sold and other short-term investments		631			7,312
Marketable securities available-for-sale (amortized cost of $1,111,234 and $1,144,435)		1,126,430			1,139,170

Total cash, interest-earning deposits and marketable securities		1,406,596			1,219,092

Loans held for sale		17,871			18,738
Mortgage loans - one- to four- family		2,308,948			2,447,506
Home equity loans		1,041,912			1,013,876
Consumer loans		291,015			289,602
Commercial real estate loans		1,177,722			1,071,182
Commercial business loans		380,128			355,917

Total loans receivable		5,217,596			5,196,821
Allowance for loan losses		(67,775	)		(54,929	)

Loans receivable, net		5,149,821			5,141,892

Federal Home Loan Bank stock, at cost		63,143			63,143
Accrued interest receivable		26,508			27,252
Real estate owned, net		19,838			16,844
Premises and Equipment, net		123,511			115,842
Bank owned life insurance		127,075			123,479
Goodwill		171,363			171,363
Mortgage servicing rights		8,201			6,280
Other intangible assets		5,024			7,395
Other assets		30,961			37,659

Total assets	$	7,132,041			6,930,241


Liabilities and Shareholders’ equity
Liabilities:
Noninterest-bearing demand deposits	$	448,853			394,011
Interest-bearing demand deposits		744,596			706,120
Savings deposits		1,609,404			1,480,620
Time deposits		2,584,979			2,457,460

Total deposits		5,387,832			5,038,211

Borrowed funds		896,644			1,067,945
Advances by borrowers for taxes and insurance		13,140			26,190
Accrued interest payable		4,627			5,194
Other liabilities		73,784			70,663
Junior subordinated debentures		103,094			108,254

Total liabilities		6,479,121			6,316,457

Shareholders’ equity:
Preferred stock, $0.10 par value: 50,000,000 shares authorized, no shares issued		—			—
Common stock, $0.10 par value: 500,000,000 shares authorized, 51,266,340 and 51,244,974 issued, respectively		5,127			5,124
Paid-in-capital		219,831			218,332
Retained earnings		511,792			490,326
Accumulated other comprehensive loss		(14,407	)		(30,575	)
Treasury stock of 2,742,800 shares, at cost		(69,423	)		(69,423	)

Total shareholders’ equity		652,920			613,784

Total liabilities and shareholders’ equity	$	7,132,041			6,930,241


Equity to assets		9.15	%		8.86	%
Tangible common equity to assets		6.74	%		6.36	%
Book value per share	$	13.46		$	12.65
Tangible book value per share	$	9.64		$	8.84
Closing market price per share	$	22.84		$	21.38
Full time equivalent employees		1,862			1,860
Number of banking offices		170			167

Northwest Bancorp, Inc. and Subsidiaries
Consolidated Statements of Income — Unaudited
(Dollars in thousands, except per share amounts)


	Three months ended						Nine months ended
	September 30,						September 30,
	2009			2008			2009			2008
Interest income:
Loans receivable	$	79,637			82,113			240,400			243,522
Mortgage-backed securities		6,580			9,180			20,858			25,864
Taxable investment securities		1,242			2,660			4,138			9,726
Tax-free investment securities		2,716			3,200			8,376			9,221
Interest-earning deposits		253			208			415			2,714

Total interest income		90,428			97,361			274,187			291,047

Interest expense:
Deposits		23,472			30,521			72,555			109,802
Borrowed funds		10,114			9,298			30,418			21,827

Total interest expense		33,586			39,819			102,973			131,629

Net interest income		56,842			57,542			171,214			159,418
Provision for loan losses		9,830			6,950			27,347			12,639

Net interest income after provision for loan losses		47,012			50,592			143,867			146,779

Noninterest income:
Impairment losses on securities		(3,727	)		(10,879	)		(12,417	)		(12,351	)
Noncredit related losses on securities not expected to be sold (recognized in other comprehensive income)		2,836			—			7,236			—

Net impairment losses		(891	)		(10,879	)		(5,181	)		(12,351	)
Gain on sale of investments, net		97			2,867			377			3,838
Service charges and fees		8,883			8,749			24,867			24,540
Trust and other financial services income		1,496			1,696			4,349			5,227
Insurance commission income		731			594			2,039			1,757
Gain/ (loss) on sale of real estate owned, net		(62	)		(98	)		(3,934	)		(439	)
Income from bank owned life insurance		1,208			1,215			3,596			3,584
Mortgage banking income		1,168			147			4,892			818
Non-cash recovery of MSRs		160			—			1,550			—
Other operating income		1,195			819			2,886			2,958

Total noninterest income		13,985			5,110			35,441			29,932

Noninterest expense:
Compensation and employee benefits		23,292			22,755			69,957			67,721
Premises and occupancy costs		5,319			5,481			16,521			16,524
Office operations		3,270			3,532			9,575			10,052
Processing expenses		5,221			4,872			15,483			13,791
Marketing expenses		2,102			1,176			5,046			3,585
Federal deposit insurance premiums		2,381			1,020			6,161			2,864
FDIC Special Assessment		—			—			3,288			—
Professional services		668			584			1,899			1,914
Amortization of intangible assets		701			953			2,371			3,539
Loss on early extinguishment of debt		—			—			—			705
Other expense		2,033			2,366			5,956			5,959

Total noninterest expense		44,987			42,739			136,257			126,654


Income before income taxes		16,010			12,963			43,051			50,057
Income taxes		3,956			3,140			11,404			13,170


Net income	$	12,054			9,823			31,647			36,887


Basic earnings per share	$	0.25		$	0.20		$	0.65		$	0.76

Diluted earnings per share	$	0.25		$	0.20		$	0.65		$	0.76

Annualized return on average equity		7.48	%		6.31	%		6.68	%		7.92	%
Annualized return on average assets		0.68	%		0.57	%		0.60	%		0.72	%

Basic common shares outstanding		48,469,337			48,372,190			48,447,944			48,353,864
Diluted common shares outstanding		48,669,298			48,628,776			48,594,860			48,598,407

Northwest Bancorp, Inc. and Subsidiaries
Supplementary data — Unaudited
(Dollars in thousands)


	Three months						Nine months
	ended September 30,						ended September 30,
	2009			2008			2009			2008
Allowance for loan losses
Beginning balance	$	66,777			43,293			54,929			41,784
Provision		9,830			6,950			27,347			12,639
Charge-offs mortgage		(417	)		(433	)		(1,300	)		(1,181	)
Charge-offs consumer		(1,679	)		(2,038	)		(4,515	)		(4,868	)
Charge-offs commercial		(7,176	)*		(647	)		(9,701	)		(2,065	)
Recoveries		440	#		799			1,015			1,615

Ending balance	$	67,775			47,924			67,775			47,924


* — Primarily attributable to three credits. $2.1 million related to a marina in Florida, $1.8 million related to a moving/ storage company in central Pennsylvania and $1.8 million related to a land development in Delaware.

Net charge-offs to average loans, annualized		0.68	%		0.18	%		0.40	%		0.22	%


	September 30,						December 31,
	2009			2008			2008			2007
Nonperforming loans	$	117,138			94,948			99,203			49,610
Real estate owned, net		19,838			8,698			16,844			8,667

Nonperforming assets	$	136,976			103,646			116,047			58,277


Nonperforming loans to total loans		2.27	%		1.85	%		1.91	%		1.03	%

Nonperforming assets to total assets		1.92	%		1.50	%		1.67	%		0.87	%

Allowance for loan losses to total loans		1.32	%		0.93	%		1.06	%		0.86	%

Allowance for loan losses to nonperforming loans		57.86	%		50.47	%		55.37	%		84.22	%

Northwest Bancorp, Inc. and Subsidiaries
Supplementary data
(Dollars in thousands)

Loans past due schedule

(Number of loans and dollar amount of loans)


	(Unaudited)
	September 30,							December 31,
	2009				*			2008				*			2007				*
Loans past due 30 days to 59 days:
One- to four- family residential loans		73	$	4,185		0.2	%		392	$	32,988		1.3	%		361	$	27,270		1.1	%
Consumer loans		983		9,427		0.7	%		1,157		11,295		0.9	%		1,331		10,550		0.8	%
Multifamily and commercial RE loans		77		15,177		1.3	%		99		18,901		1.8	%		88		11,331		1.3	%
Commercial business loans		63		7,684		2.0	%		86		7,700		2.2	%		70		9,947		3.0	%

Total loans past due 30 days to 59 days		1,196	$	36,473		0.7	%		1,734	$	70,884		1.4	%		1,850	$	59,098		1.2	%


Loans past due 60 days to 89 days:
One- to four- family residential loans		84	$	5,662		0.2	%		101	$	7,599		0.3	%		99	$	6,077		0.3	%
Consumer loans		387		2,702		0.2	%		379		2,836		0.2	%		437		2,676		0.2	%
Multifamily and commercial RE loans		60		11,766		1.0	%		54		8,432		0.8	%		41		4,984		0.6	%
Commercial business loans		33		3,323		0.9	%		45		3,801		1.1	%		34		2,550		0.8	%

Total loans past due 60 days to 89 days		564	$	23,453		0.4	%		579	$	22,668		0.4	%		611	$	16,287		0.3	%


Loans past due 90 days or more:
One- to four- family residential loans		288	$	30,846		1.3	%		223	$	20,435		0.8	%		193	$	12,542		0.5	%
Consumer loans		662		11,551		0.9	%		687		9,756		0.7	%		744		7,582		0.6	%
Multifamily and commercial RE loans		202		49,336		4.2	%		155		43,828		4.1	%		105		24,323		2.9	%
Commercial business loans		127		25,405		6.7	%		114		25,184		7.1	%		84		5,163		1.6	%

Total loans past due 90 days or more		1,279	$	117,138		2.2	%		1,179	$	99,203		1.9	%		1,126	$	49,610		1.0	%


*		- Represents delinquency, in dollars, divided by the respective total amount of that type of loan outstanding.

Northwest Bancorp, Inc. and Subsidiaries
Analysis of loan portfolio by geographic location as of September 30, 2009 — Unaudited:
(Dollars in thousands)

Loans outstanding:


	Mortgage		(1)			Consumer		(2)			Commercial		(3)			Total		(4)
Pennsylvania	$	1,991,846		85.6	%		1,202,649		90.2	%		1,030,202		66.1	%		4,224,697		80.9	%
New York		133,041		5.7	%		75,365		5.7	%		284,845		18.3	%		493,251		9.5	%
Ohio		15,708		0.7	%		13,011		1.0	%		8,750		0.6	%		37,469		0.7	%
Maryland		151,961		6.5	%		29,794		2.2	%		173,349		11.1	%		355,104		6.8	%
Florida		34,263		1.5	%		12,108		0.9	%		60,704		3.9	%		107,075		2.1	%

Total	$	2,326,819		100.0	%		1,332,927		100.0	%		1,557,850		100.0	%		5,217,596		100.0	%


(1)		- Percentage of total mortgage loans

(2)		- Percentage of total consumer loans

(3)		- Percentage of total commercial loans

(4)		- Percentage of total loans

Loans 90 or more past due:


	Mortgage		(5)			Consumer		(6)			Commercial		(7)			Total		(8)
Pennsylvania	$	21,470		1.1	%		8,983		0.7	%		47,295		4.6	%		77,748		1.8	%
New York		338		0.3	%		337		0.4	%		966		0.3	%		1,641		0.3	%
Ohio		196		1.2	%		70		0.5	%		496		5.7	%		762		2.0	%
Maryland		702		0.5	%		578		1.9	%		11,931		6.9	%		13,211		3.7	%
Florida		8,140		23.8	%		1,583		13.1	%		14,053		23.2	%		23,776		22.2	%

Total	$	30,846		1.3	%		11,551		0.9	%		74,741		4.8	%		117,138		2.2	%


(5)		- Percentage of mortgage loans in that geographic area

(6)		- Percentage of consumer loans in that geographic area

(7)		- Percentage of commercial loans in that geographic area

(8)		- Percentage of total loans in that geographic area

Northwest Bancorp, Inc. and Subsidiaries
Supplementary data — Unaudited
(Dollars in thousands)

Marketable securities available-for-sale as of September 30, 2009:


			Gross		Gross
			unrealized		unrealized
	Amortized		holding		holding			Market
	cost		gains		losses			value
Debt issued by the U.S. government and agencies:
Due in one year or less	$	78		—		(1	)		77

Debt issued by government sponsored enterprises:
Due in one year — five years		1,974		174		—			2,148
Due in five years — ten years		22,175		1,260		—			23,435
Due after ten years		52,525		3,658		(2	)		56,181

Equity securities		954		405		(77	)		1,282

Municipal securities:
Due in one year — five years		2,872		75		—			2,947
Due in five years — ten years		38,744		1,548		—			40,292
Due after ten years		208,558		6,886		(384	)		215,060

Corporate trust preferred securities:
Due in one year — five years		500		—		—			500
Due after ten years		27,176		165		(11,430	)		15,911

Mortgage-backed securities:
Fixed rate pass-through		156,847		7,698		(5	)		164,540
Variable rate pass-through		233,832		7,869		(238	)		241,463
Fixed rate CMO		42,750		964		(1,484	)		42,230
Variable rate CMO		322,249		1,907		(3,792	)		320,364


Total mortgage-backed securities		755,678		18,438		(5,519	)		768,597


Total marketable securities available-for-sale	$	1,111,234		32,609		(17,413	)		1,126,430


Issuers of mortgage-backed securities as of September 30, 2009:
Fannie Mae	$	259,653		7,705		(507	)		266,851
Ginnie Mae		130,807		1,697		(361	)		132,143
Freddie Mac		333,282		9,036		(881	)		341,437
Non-agency		31,936		—		(3,770	)		28,166

Total	$	755,678		18,438		(5,519	)		768,597

Average Balance Sheet — Unaudited
(Dollars in Thousands)

The following table sets forth certain information relating to the Company’s average balance sheet and reflects the average yield on assets and average cost of liabilities for the periods indicated. Such yields and costs are derived by dividing income or expense by the average balance of assets or liabilities, respectively, for the periods presented. Average balances are calculated using daily averages.


	Three months ended September 30,
	2009							2008
					Avg.							Avg.
	Average				Yield/			Average				Yield/
	Balance		Interest		Cost			Balance		Interest		Cost
ASSETS:
Interest-earning assets:
Loans receivable (a) (b) (d)	$	5,168,204		80,006		6.15	%		5,082,312		82,655		6.44	%
Mortgage-backed securities (c)		714,548		6,579		3.68	%		789,144		9,180		4.65	%
Investment securities (c) (d) (e)		351,741		5,422		6.17	%		490,107		7,187		5.87	%
FHLB stock		63,143		—		0.00	%		53,187		397		2.99	%
Other interest-earning deposits		328,447		253		0.30	%		30,234		208		2.69	%


Total interest-earning assets		6,626,083		92,260		5.54	%		6,444,984		99,627		6.14	%

Noninterest earning assets (f)		512,804							486,381


TOTAL ASSETS	$	7,138,887							6,931,365


LIABILITIES AND SHAREHOLDERS’ EQUITY:
Interest-bearing liabilities:
Savings accounts	$	842,069		1,592		0.75	%		798,662		2,358		1.17	%
Interest-bearing demand accounts		746,125		555		0.30	%		731,459		1,415		0.77	%
Money market accounts		766,742		1,908		0.99	%		730,993		3,122		1.70	%
Certificate accounts		2,578,266		19,418		2.99	%		2,592,183		23,626		3.63	%
Borrowed funds (g)		892,081		8,665		3.85	%		854,809		8,140		3.79	%
Junior subordinated debentures		103,094		1,450		5.50	%		108,279		1,158		4.18	%


Total interest-bearing liabilities		5,928,377		33,588		2.25	%		5,816,385		39,819		2.72	%

Noninterest bearing liabilities		566,250							492,265


Total liabilities		6,494,627							6,308,650

Shareholders’ equity		644,260							622,715


TOTAL LIABILITIES AND EQUITY	$	7,138,887							6,931,365


Net interest income/ Interest rate spread				58,672		3.29	%				59,808		3.42	%

Net interest-earning assets/ Net interest margin	$	697,706				3.54	%		628,599				3.71	%

Ratio of interest-earning assets to interest-bearing liabilities		1.12X							1.11X


(a)		Average gross loans receivable includes loans held as available-for-sale and loans placed on nonaccrual status.

(b)		Interest income includes accretion/ amortization of deferred loan fees/ expenses, which was not material.

(c)		Average balances do not include the effect of unrealized gains or losses on securities held as available-for-sale.

(d)		Interest income on tax-free investment securities and tax-free loans are presented on a fully taxable equivalent basis.

(e)		Average balances include Fannie Mae and Freddie Mac stock.

(f)		Average balances include the effect of unrealized gains or losses on securities held as available-for-sale.

(g)		Average balances include FHLB borrowings, securities sold under agreements to repurchase and other borrowings.

Average Balance Sheet — Unaudited
(Dollars in Thousands)


	Nine months ended September 30,
	2009							2008
					Avg.							Avg.
	Average				Yield/			Average				Yield/
	Balance		Interest		Cost			Balance		Interest		Cost
ASSETS:
Interest-earning assets:
Loans receivable (a) (b) (d)	$	5,185,359		241,604		6.19	%		4,966,252		245,133		6.53	%
Mortgage-backed securities (c)		712,593		20,858		3.90	%		722,598		25,864		4.77	%
Investment securities (c) (d) (e)		364,437		17,025		6.23	%		498,280		22,798		6.10	%
FHLB stock		63,143		—		0.00	%		43,869		1,114		3.39	%
Other interest-earning deposits		232,852		415		0.24	%		133,582		2,714		2.68	%


Total interest-earning assets		6,558,384		279,902		5.67	%		6,364,581		297,623		6.20	%

Noninterest earning assets (f)		491,480							489,750


TOTAL ASSETS	$	7,049,864							6,854,331


LIABILITIES AND SHAREHOLDERS’ EQUITY:
Interest-bearing liabilities:
Savings accounts	$	822,401		4,650		0.76	%		778,024		6,887		1.19	%
Interest-bearing demand accounts		733,714		2,102		0.38	%		735,217		5,129		0.94	%
Money market accounts		733,956		6,703		1.22	%		724,775		11,750		2.17	%
Certificate accounts		2,526,660		59,101		3.13	%		2,805,665		86,036		4.11	%
Borrowed funds (g)		948,981		26,020		3.67	%		620,970		17,880		3.86	%
Junior subordinated debentures		106,531		4,398		5.44	%		108,295		3,947		4.81	%


Total interest-bearing liabilities		5,872,243		102,974		2.34	%		5,772,946		131,629		3.06	%

Noninterest bearing liabilities		545,623							460,172


Total liabilities		6,417,866							6,233,118

Shareholders’ equity		631,998							621,213


TOTAL LIABILITIES AND EQUITY	$	7,049,864							6,854,331


Net interest income/ Interest rate spread				176,928		3.33	%				165,994		3.14	%

Net interest-earning assets/ Net interest margin	$	686,141				3.60	%		591,635				3.48	%

Ratio of interest-earning assets to interest-bearing liabilities		1.12X							1.10X


(a)		Average gross loans receivable includes loans held as available-for-sale and loans placed on nonaccrual status.

(b)		Interest income includes accretion/ amortization of deferred loan fees/ expenses, which was not material.

(c)		Average balances do not include the effect of unrealized gains or losses on securities held as available-for-sale.

(d)		Interest income on tax-free investment securities and tax-free loans are presented on a fully taxable equivalent basis.

(e)		Average balances include Fannie Mae and Freddie Mac stock.

(f)		Average balances include the effect of unrealized gains or losses on securities held as available-for-sale.

(g)		Average balances include FHLB borrowings, securities sold under agreements to repurchase and other borrowings.

NORTHWEST BANCORP INC 8-K