Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 132

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 132
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 4.48 Brokered certificates of deposit1,774,379 4.38 2,108,412 5.39 Total interest-bearing55,853,504 2.44 51,558,408 2.82 Total average deposits$65,963,432 2.07 %$61,715,099 2.35 %Six months ended June 30,20252024(Dollars in thousands)AverageBalanceAverage RateAverageBalanceAverage RateNon-interest-bearing:Demand$10,196,846 — %$10,369,552 — %Interest-bearing:Checking9,741,252 1.72 9,339,970 1.85 Health savings accounts9,222,141 0.16 8,567,058 0.15 Money market21,381,682 3.53 18,380,405 4.16 Savings7,284,366 1.65 6,813,823 1.42 Certificates of deposit6,054,336 3.56 5,844,081 4.41 Brokered certificates of deposit1,589,392 4.45 1,825,343 5.39 Total interest-bearing55,273,169 2.43 50,770,680 2.76 Total average deposits$65,470,015 2.05 %$61,140,232 2.29 %

Uninsured deposits represent the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit or similar state deposit insurance regimes, and amounts in any other uninsured investment or deposit accounts that are classified as deposits and not subject to any federal or state deposit insurance regimes. The Company calculates its uninsured deposit balances based on the methodologies and assumptions used for regulatory reporting requirements, which includes an estimated portion and affiliate deposits. At June 30, 2025, and December 31, 2024, total uninsured deposits as per regulatory reporting requirements and reported on Schedule RC-O of the Bank’s Call Report were $21.9 billion and $22.6 billion, respectively.

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The following table summarizes uninsured deposits information at June 30, 2025, after certain exclusions:(In thousands)June 30, 2025Uninsured deposits, per regulatory reporting requirements$21,863,549Less: Affiliate deposits(