Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 62

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 62
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 309 921 0.1 Total (1)$902 $335,993 $35,989 $10,197 $383,081 0.7  %For the year ended December 31, 2023(In thousands)Interest Rate ReductionTerm ExtensionPayment DelayCombination- Term Extension and Interest Rate ReductionCombination- Term Extension & Payment DelayCombination- Term Interest Rate Reduction & Payment DelayCombination- Term Extension, Interest Rate Reduction, & Payment DelayTotal% of Total Class (2)Commercial non-mortgage$—$96,895$5,858$1,062$28,860$35$425$133,1350.8  %Asset-based—45,042—————45,0422.9 Commercial real estate—3,09017417,107511——20,8820.2 Equipment financing—3571,284————1,6410.1 Residential—186804136———1,126— Home equity6276—513———651— Total (1)$62$145,646$8,120$18,818$29,371$35$425$202,4770.4  %(1)The total amortized cost excludes accrued interest receivable of $0.9 million and $0.7 million for the years ended December 31, 2024, and 2023, respectively.(2)Represents the total amortized cost of the loans modified as a percentage of the total period end loan balance by class.

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The following tables describes the financial effect of the modifications made to borrowers experiencing financial difficulty:For the year ended December 31, 2024Financial Effect (1)Term Extension:Commercial non-mortgageExtended term by a weighted average of 0.8 yearsAsset-basedExtended term by a weighted average of 2.9 yearsCommercial real estateExtended term by a weighted average of 1.4 yearsPayment Delay:Commercial non-mortgageProvided payment deferrals for a weighted average of 0.5 yearsCommercial real estateProvided payment deferrals for a weighted average of 0.3 years to be received at contractual maturityCombination - Term Extension and Interest Rate Reduction:Commercial real estateExtended term by a weighted average of 0.3 years and reduced weighted average interest rate by 2.0%(1)Certain disclosures related to financial effects of 2024 modifications do not include those deemed to be