Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 18

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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ross realized gains$— $— $332 $2,240 Gross realized losses (1)— (49,915)(112)(64,551)(1)For the three months and six months ended June 30, 2024, $2.6 million of the gross losses realized on sale of available-for-sale securities was due to credit related factors and, therefore, was included in the Provision for credit losses on the accompanying Condensed Consolidated Statements of Income. There were no gross losses realized on sale of available-for-sale securities due to credit related factors for the three and six months ended June 30, 2025. The net amounts presented as a component of non-interest income for the three and six months ended June 30, 2025, and 2024, respectively, include the portion of any gross losses that were not due to credit related factors. 

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Other InformationThe following table summarizes the carrying value of available-for-sale securities pledged for deposits, borrowings, and other purposes:(In thousands)June 30, 2025December 31, 2024Pledged for deposits$1,797,620$1,596,378Pledged for borrowings and other6,926,9236,863,183Total available-for-sale securities pledged$8,724,543$8,459,561Held-to-MaturityThe following tables summarize the amortized cost, fair value, and ACL on held-to-maturity securities by major type: June 30, 2025(In thousands)AmortizedCost (1)UnrealizedGainsUnrealizedLossesFair ValueAllowance for Credit LossesNet Carrying ValueAgency CMO$18,246 $— $(1,282)$16,964 $— $18,246 Agency MBS2,954,301 11,389 (276,548)2,689,142 — 2,954,301 Agency CMBS4,315,250 149 (569,802)3,745,597 — 4,315,250 Municipal bonds and notes839,766 257 (63,392)776,631 (102)839,664 CMBS65,259 — (2,349)62,910 — 65,259 Total held-to-maturity$8,192,822 $11,795 $(913,373)$7,