Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 42

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 42
---
 $389.4 million and $358.4 million at June 30, 2025, and December 31, 2024, respectively, are pledged to secure repurchase agreements. These Agency MBS securities are subject to changes in market value and, therefore, the Company may increase or decrease the level of securities pledged as collateral based upon movements in market value.The following tables represent the offsetting of repurchase agreements that are subject to master netting agreements:June 30, 2025Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial Position(In thousands)Financial Instruments (1)Cash Collateral PledgedNet AmountRepurchase agreements$302,306 $— $302,306 $302,306 $— $— December 31, 2024Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial Position(In thousands)Financial Instruments (1)Cash Collateral PledgedNet AmountRepurchase agreements$209,961 $— $209,961 $209,961 $— $— (1)Amounts disclosed are limited to the balance of securities sold under agreements to repurchase reported on the accompanying Condensed Consolidated Balance Sheets that are subject to master netting agreements and, accordingly, exclude excess collateral pledged. At June 30, 2025, and December 31, 2024, Agency MBS with a carrying amount of $315.1 million and $220.6 million, respectively, were pledged as collateral against such securities sold under agreements to repurchase, resulting in excess collateral positions of $12.8 million and $10.6 million, respectively.

61

FHLB AdvancesThe following table summarizes information for FHLB advances:June 30, 2025December 31, 2024(Dollars in thousands)Total OutstandingWeighted-Average Contractual Coupon RateTotal OutstandingWeighted-Average Contractual Coupon RateMaturing within 1 year$3,330,000 4.49 %$2,100,000 4.50 %After 1 but within 2 years— — — —