Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 34

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 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 that are modified to borrowers experiencing financial difficulty remain on non-accrual status until the borrower has demonstrated performance under the modified terms. Commitments to lend additional funds to borrowers experiencing financial difficulty whose loans had been modified were not significant.

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Note 5: Goodwill and Other Intangible Assets

GoodwillThe following table summarizes changes in the carrying amount of goodwill:(In thousands)March 31,2025December 31,2024Balance, beginning