Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 163

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 163
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 in aggregate, from Loans held for sale and recognized a gain of $1.6 million in Other income on the accompanying Condensed Consolidated Statements of Income. The remainder of the seed portfolio loans are expected to be sold in the fourth quarter of 2025.Allegacy Federal Credit Union HSA Portfolio AcquisitionOn August 29, 2025, the Company acquired a portfolio of HSAs from Allegacy Federal Credit Union. The transaction was accounted for as an asset acquisition, and the Company received $6.2 million in both cash and deposits on the acquisition date. The Company also paid a 12% deposit premium based on the final settlement of deposits, which resulted in the recognition of a $0.7 million core deposit intangible asset.

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Note 3: Investment Securities

Available-for-SaleThe following tables summarize the amortized cost and fair value of available-for-sale securities by major type: September 30, 2025(In thousands)AmortizedCost (1)UnrealizedGainsUnrealizedLossesAllowance for Credit LossesFair ValueGovernment agency debentures$222,828 $— $(26,757)$— $196,071 Municipal bonds and notes117,230 — (9,316)— 107,914 Agency CMO27,955 — (2,122)— 25,833 Agency MBS5,106,461 66,464 (161,070)— 5,011,855 Agency CMBS3,704,004 8,632 (341,389)— 3,371,247 CMBS822,726 553 (1,832)— 821,447 Corporate debt376,204 529 (26,640)— 350,093 Private label MBS41,857 — (3,448)— 38,409 Other9,874 — (399)— 9,475 Total available-for-sale$10,429,139 $76,178 $(572,973)$— $9,932,344 December 31, 2024(In thousands)AmortizedCost (1)UnrealizedGainsUnrealizedLossesAllowance for Credit LossesFair ValueGovernment agency debentures$222,767 $— $(36,341)$—$186,426Municipal bonds and notes123,885 2 (13,