Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 41

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 41
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503)— 3,347,098 Agency CMBS2,569,438 18,204 (299,571)— 2,288,071 CMBS788,478 — (24,729)— 763,749 Corporate debt704,569 — (82,414)— 622,155 Private label MBS46,635 — (3,827)— 42,808 Other9,830 — (789)— 9,041 Total available-for-sale$9,668,422 $50,673 $(759,366)$— $8,959,729 (1)Accrued interest receivable on available-for-sale securities of $35.2 million and $42.5 million at December 31, 2024, and 2023, respectively, is excluded from amortized cost and is included in Accrued interest receivable and other assets on the accompanying Consolidated Balance Sheets.Unrealized LossesThe following tables summarize the gross unrealized losses and fair value of available-for-sale securities by length of time each major security type has been in a continuous unrealized loss position: At December 31, 2024 Less Than 12 Months12 Months or MoreTotal(Dollars in thousands)FairValueUnrealizedLossesFairValueUnrealizedLossesNumber ofHoldingsFairValueUnrealizedLossesGovernment agency debentures$— $— $186,427 $(36,341)15$186,427 $(36,341)Municipal bonds and notes859 (1)108,013 (13,010)57108,872 (13,011)Agency CMO— — 29,043 (3,150)2829,043 (3,150)Agency MBS2,624,722 (31,539)1,246,818 (220,871)3703,871,540 (252,410)Agency CMBS1,468,615 (32,528)1,540,263 (333,185)1853,008,878 (365,713)CMBS— — 457,423 (6,008)32457,423 (6,008)Corporate debt— — 426,805 (43,755)59426,805 (43,755)Private label M