Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 91

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 91
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classification adjustment for actuarial net loss amortization and other included in net income3,952 (1,072)2,880 Total defined benefit pension and other postretirement benefit plans20,135 (5,461)14,674 Other comprehensive income, net of tax$184,138 $(49,749)$134,389 Year ended December 31, 2022(In thousands)AmountBefore TaxTax Benefit (Expense)AmountNet of TaxInvestment securities available-for-sale:Net unrealized (losses) arising during the year$(878,366)$237,710 $(640,656)Reclassification adjustment for net realized losses included in net income6,751 (1,791)4,960 Total investment securities available-for-sale(871,615)235,919 (635,696)Derivative financial instruments:Net unrealized (losses) arising during the year(24,440)6,630 (17,810)Reclassification adjustment for net realized losses included in net income3,932 (1,066)2,866 Total derivative financial instruments(20,508)5,564 (14,944)Defined benefit pension and other postretirement benefit plans:Net actuarial (loss) arising during the year(18,319)4,969 (13,350)Reclassification adjustment for net actuarial loss amortization included in net income2,210 (600)1,610 Total defined benefit pension and other postretirement benefit plans(16,109)4,369 (11,740)Other comprehensive (loss), net of tax$(908,232)$245,852 $(662,380)

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Note 14: Regulatory Capital and Restrictions

Regulatory Capital RequirementsThe Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory actions by regulators that could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and/or the regulatory framework for prompt corrective action (applies to the Bank only), both the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated pursuant to regulatory directives. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.Quantitative measures established by Basel III to ensure capital adequacy require the Company and the