Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 44

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 44
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 available-for-sale securities were due to credit related factors. Accordingly, these amounts have been included in the Provision for credit losses on the accompanying Consolidated Statements of Income. The $136.2 million and $33.6 million included in non-interest income for the years ended December 31, 2024, and 2023, respectively, reflected the loss amounts, net of any gross realized gains, that were not due to credit related factors. There were no gross losses realized on sale of available-for-sale securities due to credit related factors for the year ended December 31, 2022.

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Other InformationThe following table summarizes the carrying value of available-for-sale securities pledged for deposits, borrowings, and other purposes:At December 31,(In thousands)20242023Pledged for deposits$1,596,378$2,102,115Pledged for borrowings and other6,863,1836,111,430Total available-for-sale securities pledged$8,459,561$8,213,545Held-to-MaturityThe following table summarizes the amortized cost, fair value, and ACL on held-to-maturity securities by major type:At December 31, 2024(In thousands)AmortizedCost (1)Unrealized GainsUnrealized LossesFair ValueAllowance for Credit LossesNet Carrying ValueAgency CMO$19,847 $— $(1,671)$18,176 $— $19,847 Agency MBS3,109,411 771 (333,039)2,777,143 — 3,109,411 Agency CMBS4,357,505 414 (613,914)3,744,005 — 4,357,505 Municipal bonds and notes891,909 317 (40,266)851,960 171 891,738 CMBS65,690 — (3,851)61,839 — 65,690 Total held-to-maturity$8,444,362 $1,502 $(992,741)$7,453,123 $171 $8,444,191 At December 31, 2023(In thousands)AmortizedCost (1)Unrealized GainsUnrealized LossesFair ValueAllowance for Credit LossesNet Carrying ValueAgency CMO$23,470 $— $(1,728)$