Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 164

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 164
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. Conversely, securities rated below investment grade, which are labeled as speculative grade by the rating agencies, are considered to have distinctively higher credit risk than investment grade securities. At June 30, 2025, and December 31, 2024, there were no speculative grade held-to-maturity securities. Held-to-maturity securities that are not rated are collateralized with U.S. Treasury obligations.The following tables summarize the amortized cost of held-to-maturity securities based on their lowest publicly available credit rating:June 30, 2025Investment Grade(In thousands)AaaAa1Aa2Aa3A1A2A3Not RatedAgency CMO$— $18,246 $— $— $— $— $— $— Agency MBS— 2,954,301 — — — — — — Agency CMBS— 4,315,250 — — — — — — Municipal bonds and notes301,307 153,720 244,918 112,768 10,444 4,165 — 12,444 CMBS65,259 — — — — — — — Total held-to-maturity$366,566 $7,441,517 $244,918 $112,768 $10,444 $4,165 $— $12,444 December 31, 2024Investment Grade(In thousands)AaaAa1Aa2Aa3A1A2A3Not RatedAgency CMO$— $19,847 $— $— $— $— $— $— Agency MBS— 3,109,411 — — — — — — Agency CMBS— 4,357,505 — — — — — — Municipal bonds and notes341,187 158,327 230,986 128,692 13,761 — 4,165 14,791 CMBS65,690 — — — — — — — Total held-to-maturity$406,877 $7,645,090 $230,986 $128,692 $13,761 $— $4