Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 79

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 79
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6, which is currently under audit by the Internal Revenue Service. The Company's tax returns filed in its other principal tax jurisdictions of Connecticut, New York State, New York City, Massachusetts and New Jersey, primarily for years subsequent to 2016 are either under or remain open to examination.

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Note 10: Deposits

The following table summarizes deposits by type:At December 31,(In thousands)20242023Non-interest-bearing:Demand$10,316,501 $10,732,516 Interest-bearing:Health savings accounts8,951,031 8,287,889 Checking9,834,790 8,994,095 Money market20,433,250 17,662,826 Savings6,982,554 6,642,499 Time deposits8,234,954 8,464,459 Total interest-bearing54,436,579 50,051,768 Total deposits$64,753,080 $60,784,284 Time deposits, money market, and interest-bearing checking obtained through brokers (1)$3,181,298 $3,673,733 Aggregate amount of time deposit accounts that exceeded the FDIC limit (2)1,407,077 1,221,887 Deposit overdrafts reclassified as loan balances7,146 10,432 (1)Excludes $7.3 billion and $5.7 billion of money market sweep deposits received through interLINK at December 31, 2024, and December 31, 2023, respectively.(2)Excludes $16.8 million and $39.0 million of time deposit accounts that were at the FDIC limit at December 31, 2024, and December 31, 2023, respectively.The following table summarizes the scheduled maturities of time deposits:(In thousands)At December 31, 20242025$8,091,695 202672,078 202732,656 202818,766 202919,759 Total time deposits$8,234,954 

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Note 11: Borrowings

Securities Sold Under Agreements to Repurchase and Federal Funds PurchasedThe following table summarizes securities sold under agreements to repurchase and federal funds purchased:At December 31,20242023(In thousands)Total OutstandingRateTotal OutstandingRateSecurities sold under agreements to repurchase (1)$344,168 2.98