Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 111

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 111
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 stock-based compensation plan activity.

15

Investment Securities

Through its Corporate Treasury function, the Company maintains and invests in debt securities that are primarily used to provide a source of liquidity for operating needs, as a means to manage the Company’s interest-rate risk, and to generate interest income. The Company’s investment securities are classified into two major categories: available-for-sale and held-to-maturity.

The ALCO manages the Company’s investment securities in accordance with regulatory guidelines and corporate policies, which include limitations on aspects such as concentrations in and types of investments, as well as minimum risk ratings per type of security. In addition, the OCC may further establish individual limits on certain types of investments if the concentration in such security presents a safety and soundness concern. Although the Bank held the entirety of the Company’s investment securities portfolio at both June 30, 2025, and December 31, 2024, the Holding Company may also directly hold investments.

The following table summarizes the carrying amount and percentage composition of the Company’s investment securities: June 30, 2025December 31, 2024(In thousands)Amount%Amount%Available-for-sale:Government agency debentures$192,4362.0 %$186,4262.1 %Municipal bonds and notes103,8081.1 110,8761.2 Agency CMO27,1130.3 29,0430.3 Agency MBS4,831,60550.2 4,519,78550.2 Agency CMBS3,224,19833.5 3,034,39233.8 CMBS790,1328.2 625,3886.9 Corporate debt403,3734.2 452,2665.0 Private label MBS38,3640.4 39,2190.4 Other9,3250.1 9,2050.1 Total available-for-sale$9,620,354100.0 %$9,006,600100.0 %Held-to-maturity:Agency CMO$18,2460.2 %$19,8470.2 %Agency MBS2,954,30136.1 3,109,41136.8 Agency CMBS4,315,25052.7 4,357,50551.6 Municipal bonds and notes (1)839,76610.2