Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 215

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 215
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— 110,876 Agency CMO— 29,043 — 29,043 Agency MBS— 4,519,785 — 4,519,785 Agency CMBS— 3,034,392 — 3,034,392 CMBS— 625,388 — 625,388 Corporate debt— 452,266 — 452,266 Private label MBS— 39,219 — 39,219 Other— 9,205 — 9,205 Total available-for-sale securities— 9,006,600 — 9,006,600 Gross derivative instruments, before netting (1)1,263 300,879 — 302,142 Originated loans held for sale— 297 — 297 Investments held in Rabbi Trusts13,438 — — 13,438 Alternative investments measured at NAV (2)— — — 43,360 Total financial assets$14,701 $9,307,776 $— $9,365,837 Financial Liabilities:Gross derivative instruments, before netting (1)$43 $311,518 $— $311,561 Contingent consideration— — 11,750 11,750 Total financial liabilities$43 $311,518 $11,750 $323,311 (1)Additional information regarding the impact of netting derivative assets and derivative liabilities, as well as the impact from offsetting cash collateral with the same derivative counterparties, can be found within Note 13: Derivative Financial Instruments.(2)Certain alternative investments are recorded at NAV. Assets measured at NAV are not classified within the fair value hierarchy.

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Assets Measured at Fair Value on a Non-Recurring BasisThe Company measures certain assets at fair value on a non-recurring basis. The following is a description of the valuation methodologies used for assets measured at fair value on a non-recurring basis.Alternative Investments. The measurement alternative has been elected for alternative investments without readily determinable fair values that do not qualify for the NAV practical expedient. The measurement alternative requires investments to be measured at cost minus impairment, if any, plus or minus adjustments resulting from observable price changes in orderly transactions for an identical or similar investment of the same issuer. Accordingly, these alternative investments are classified within Level 2 of the fair value hierarchy.