Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 42

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 42
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BS— — 39,219 (4,862)339,219 (4,862)Other— — 9,205 (650)29,205 (650)Total$4,094,196 $(64,068)$4,043,216 $(661,832)751$8,137,412 $(725,900)

88

 At December 31, 2023 Less Than 12 Months12 Months or MoreTotal(Dollars in thousands)FairValueUnrealizedLossesFairValueUnrealizedLossesNumber ofHoldingsFairValueUnrealizedLossesGovernment agency debentures$— $— $264,633 $(37,579)19$264,633 $(37,579)Municipal bonds and notes18,066 (124)1,536,656 (52,777)3861,554,722 (52,901)Agency CMO— — 48,941 (4,053)3648,941 (4,053)Agency MBS71,187 (272)1,945,221 (253,231)4572,016,408 (253,503)Agency CMBS430,070 (16,137)1,314,681 (283,434)1451,744,751 (299,571)CMBS43,844 (856)719,905 (23,873)42763,749 (24,729)Corporate debt4,278 (27)617,877 (82,387)91622,155 (82,414)Private label MBS— — 42,808 (3,827)342,808 (3,827)Other— — 9,041 (789)29,041 (789)Total$567,445 $(17,416)$6,499,763 $(741,950)1,181$7,067,208 $(759,366)The $33.5 million decrease in gross unrealized losses of available-for-sale securities from December 31, 2023, to December 31, 2024, is primarily due to net realized losses on sale, partially offset by increases in market rates. The Company assesses each available-for-sale security that is in an unrealized loss position on a quarterly basis