Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 106

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 106
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 and other liabilities on the accompanying Consolidated Balance Sheets. Any fair value adjustments to contingent consideration liabilities are included in Other expense on the accompanying Consolidated Statements of Income.

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The following table summarizes the fair values of assets and liabilities measured at fair value on a recurring basis: At December 31, 2024(In thousands)Level 1Level 2Level 3TotalFinancial Assets:Available-for-sale securities:Government agency debentures$— $186,426 $— $186,426 Municipal bonds and notes— 110,876 — 110,876 Agency CMO— 29,043 — 29,043 Agency MBS— 4,519,785 — 4,519,785 Agency CMBS— 3,034,392 — 3,034,392 CMBS— 625,388 — 625,388 Corporate debt— 452,266 — 452,266 Private label MBS— 39,219 — 39,219 Other— 9,205 — 9,205 Total available-for-sale securities— 9,006,600 — 9,006,600 Gross derivative instruments, before netting (1)1,263 300,879 — 302,142 Originated loans held for sale— 297 — 297 Investments held in Rabbi Trusts13,438 — — 13,438 Alternative investments measured at NAV (2)— — — 43,360 Total financial assets$14,701 $9,307,776 $— $9,365,837 Financial Liabilities:Gross derivative instruments, before netting (1)$43 $311,518 $— $311,561 Contingent consideration— — 11,750 11,750 Total financial liabilities$43 $311,518 $11,750 $323,311  At December 31, 2023(In thousands)Level 1Level 2Level 3TotalFinancial Assets:Available-for-sale securities:Government agency debentures$— $264,633 $— $264,633 Municipal bonds and notes— 1,573,233 — 1,573,233 Agency CMO— 48,941 — 48,941 Agency M