Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 169

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 169
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 After 10 years7,628,537 6,802,042 Total held-to-maturity$8,077,607 $7,240,887 Held-to-maturity securities that are not due at a single maturity date have been categorized based on the maturity date of the underlying collateral. Actual principal cash flows may differ from this categorization as borrowers have the right to prepay their obligations with or without prepayment penalties.

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Credit Quality InformationThe Company monitors the credit quality of held-to-maturity securities through credit ratings provided by S&P, Moody’s, Fitch Ratings, Inc., Kroll Bond Rating Agency, or DBRS Inc. Credit ratings express opinions about the credit quality of a security and are updated at each quarter end. Investment grade securities are rated BBB- or higher by S&P, or Baa3 or higher by Moody’s, and are generally considered by the rating agencies and market participants to be of low credit risk. Conversely, securities rated below investment grade, which are labeled as speculative grade by the rating agencies, are considered to have distinctively higher credit risk than investment grade securities. At September 30, 2025, and December 31, 2024, there were no speculative grade held-to-maturity securities. Held-to-maturity securities that are not rated are collateralized with U.S. Treasury obligations.The following tables summarize the amortized cost of held-to-maturity securities based on their lowest publicly available credit rating:September 30, 2025Investment Grade(In thousands)AaaAa1Aa2Aa3A1A2A3Not RatedAgency CMO$— $17,581 $— $— $— $— $— $— Agency MBS— 2,867,864 — — — — — — Agency CMBS— 4,300,757 — — — — — — Municipal bonds and notes299,046 153,578 234,592 112,505 9,969 4,165 — 12,435 CMBS65,115 — — — — — — — Total held-to-maturity$364,161 $7,339,780 $234,592 $112,505 $9,969 $4,165 $— $12,435 December 31,