Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 161

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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Multi-familyExtended term by a weighted average of 0.7 yearsPayment Delay:Commercial non-mortgageProvided partial payment deferrals for a weighted average of 0.5 years(1)Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial.The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables summarize the aging of loans that had been modified in the twelve months preceding March 31, 2025 and March 31, 2024:March 31, 2025(In thousands)Current30-59 DaysPast Due60-89 DaysPast Due90 or More Days Past DueNon-AccrualTotalCommercial non-mortgage$57,856$1,015$—$—$148,972$207,843Asset-based23,718————23,718Commercial real estate116,386———30,012146,398Multi-family6921,721———2,413Equipment financing33813———351Residential716———1,0741,790Home equity420———464884Total$200,126$2,749$—$—$180,522$383,397March 31, 2024(In thousands)Current30-59 DaysPast Due60-89 DaysPast Due90 or More Days Past DueNon-AccrualTotalCommercial non-mortgage$77,451$—$19$—$97,587$175,057Asset-based42,331————42,331Commercial real estate24,859———16925,028Multi-family—18,10322,406—9,48149,990Equipment financing1,762———3172,079Residential1,258———7642,022Home equity510———86596Total$148,171$18,103$22,425$—$108,404$297,103Loans made to borrowers experiencing financial difficulty that were modified in the preceding twelve months and that had a payment default during the three months ended March 31, 2025, were not significant. There were $17.8 million of commercial non-mortgage loans made to borrowers experiencing financial difficulty that were modified in the preceding twelve months and that had a payment default during the three months ended March 31, 2024.For the purposes of this disclosure, a payment default is defined as 90 or more days past due. Non-accrual loans