Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 81

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 81
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Weighted-Average Contractual Coupon RateMaturing within 1 year$2,100,000 4.50 %$2,350,000 5.53 %After 1 but within 2 years— — — — After 2 but within 3 years218 — — — After 3 but within 4 years215 2.75 235 — After 4 but within 5 years642 1.75 228 2.75 After 5 years9,033 2.02 9,555 2.07 FHLB advances$2,110,108 4.49 %$2,360,018 5.52 %Aggregate market value of assets pledged as collateral$16,581,133 $20,734,035 Remaining borrowing capacity at FHLB8,670,348 12,535,423 The Bank may borrow up to a discounted amount of eligible loans and securities that have been pledged as collateral to secure FHLB advances, which includes certain residential, multi-family, and commercial real estate loans, home equity lines of credit, CMBS, Agency MBS, Agency CMO, and MBS. The Bank was in compliance with its FHLB collateral requirements at both December 31, 2024, and 2023.

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Long-term DebtThe following table summarizes long-term debt:At December 31,(In thousands)202420232024 senior notes$— $132,550 2029 senior notes (1)322,751 328,104 2029 subordinated notes274,000 274,000 2030 subordinated notes225,000 225,000 2033 junior subordinated notes77,320 77,320 Total senior and subordinated debt899,071 1,036,974 Discount on 2029 senior notes(423)(537)Debt issuance cost on 2029 senior notes(1,137)(1,419)Premium on 2029 subordinated notes and 2030 subordinated notes11,674 13,802 Long-term debt (2)$909,185 $1,048,820 (1)The Company de-designated its fair value hedging relationship on these senior notes in 2020. A basis adjustment of $22.8 million and $28.1 million at December 31, 2024,