Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 43

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 After 2 but within 3 years417 1.37 218 — After 3 but within 4 years— — 215 2.75 After 4 but within 5 years629 1.75 642 1.75 After 5 years8,868 2.02 9,033 2.02 Total FHLB advances$3,339,914 4.48 %$2,110,108 4.49 %Aggregate market value of assets pledged as collateral$16,530,103 $16,581,133 Remaining borrowing capacity at FHLB7,557,549 8,670,348 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, Agency MBS, and Agency CMO. The Bank was in compliance with its FHLB collateral requirements at June 30, 2025, and December 31, 2024.Long-term DebtThe following table summarizes long-term debt: (Dollars in thousands)June 30,2025December 31,20244.100%Senior fixed-rate notes due March 25, 2029 (1)$320,074 $322,751 Subordinated floating-rate notes due December 30, 2029 (2)274,000 274,000 3.875%Subordinated fixed-to-floating rate notes due November 1, 2030225,000 225,000 Junior subordinated debt Webster Statutory Trust I floating-rate notes due September 17, 2033 (3)77,320 77,320 Total senior and subordinated debt896,394 899,071 Discount on senior fixed-rate notes(373)(423)Debt issuance cost on senior fixed-rate notes(1,003)(1,137)Premium on subordinated fixed-to-floating rate notes10,616 11,674 Long-term debt (4)$905,634 $909,185 (1)The Company de-designated its fair value hedging relationship on these senior fixed-rate notes in 2020. A basis adjustment of $20.1 million and $22.8 million at June 30, 2025, and December 31, 2024, respectively, is included in the