Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 19

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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291,244 $(102)$8,192,720 December 31, 2024(In thousands)AmortizedCost (1)UnrealizedGainsUnrealizedLossesFair 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 (1)Accrued interest receivable on held-to-maturity securities of $29.1 million and $30.5 million at June 30, 2025, and December 31, 2024, respectively, is excluded from amortized cost and included in Accrued interest receivable and other assets on the accompanying Condensed Consolidated Balance Sheets.An ACL on held-to-maturity securities is recorded for certain Municipal bonds and notes to account for expected lifetime credit losses. Agency securities represent obligations issued by a U.S. government-sponsored enterprise or other federally related entity and are either explicitly or implicitly guaranteed and, therefore, assumed to be zero loss. Held-to-maturity securities with gross unrealized losses and no ACL are considered to be high credit quality and, therefore, zero credit loss has been recorded.The following table summarizes the activity in the ACL on held-to-maturity securities:Three months ended June 30,Six months ended June 30,(In thousands)2025202420252024Balance, beginning of period$109 $184 $171$209(Benefit) for credit losses(7)(2)(69)(27)Balance, end of period$102 $182 $102$182Contractual MaturitiesThe following table summarizes the amortized cost and fair value of held-to-maturity securities by contractual maturity: June 30, 2025(In thousands