Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 163

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 163
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 deposits by type:(In thousands)March 31,2025December 31,2024Non-interest-bearing:Demand$10,139,131 $10,316,501 Interest-bearing:Health savings accounts9,180,889 8,951,031 Checking9,741,569 9,834,790 Money market21,517,733 20,433,250 Savings7,473,515 6,982,554 Time deposits7,522,392 8,234,954 Total interest-bearing$55,436,098 $54,436,579 Total deposits$65,575,229 $64,753,080 Time deposits, money market, and interest-bearing checking obtained through brokers (1)$2,311,841 $3,181,298 Aggregate amount of time deposit accounts that exceeded the FDIC limit (2)1,436,038 1,407,077 Deposit overdrafts reclassified as loan balances4,486 7,146 (1)Excludes money market sweep deposits received through interLINK of $8.0 billion at March 31, 2025, and $7.3 billion at December 31, 2024.(2)Excludes time deposit accounts that were at the FDIC limit of $25.0 million at March 31, 2025, and $16.8 million at December 31, 2024.The following table summarizes the scheduled maturities of time deposits:(In thousands)March 31,2025Remainder of 2025$6,765,026 2026670,820 202737,100 202818,951 202918,312 Thereafter12,183 Total time deposits$7,522,392 

52

Note 7: Borrowings

Securities Sold Under Agreements to Repurchase and Federal Funds PurchasedThe following table summarizes securities sold under agreements to repurchase and federal funds purchased:March 31, 2025December 31, 2024(Dollars in thousands)Total OutstandingRateTotal OutstandingRateSecurities sold under agreements to repurchase (1)$83,395 0.12 %$344,168 2.98 %Federal funds purchased— — — — Securities sold under agreements to repurchase and federal funds purchased$83,395 0.12 %$344,