Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 19

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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10 years860,712 827,777 After 10 years9,286,131 8,825,879 Total available-for-sale$10,429,139 $9,932,344 Available-for-sale securities that are not due at a single maturity date have been categorized based on the maturity date of the underlying collateral. Actual principal cash flows may differ from this categorization as borrowers have the right to prepay their obligations with or without prepayment penalties.Sales of Available-for Sale SecuritiesThe following table summarizes information related to sales of available-for-sales securities:Three months ended September 30,Nine months ended September 30,(In thousands)2025202420252024Proceeds from sales$— $284,698 $14,880 $1,538,030 Gross realized gains$— $— $332 $2,240 Gross realized losses (1)— (19,597)(112)(84,148)(1)For the three months and nine months ended September 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 nine months ended September 30, 2025. The net amounts presented as a component of non-interest income for the three and nine months ended September 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)September 30, 2025December 31, 2024Pledged for deposits$2,320,525$1,596,378Pledged for borrowings and other7,220,8376,863,183Total available-for-sale securities pledged$9,541,362$8,459,561Held-to-MaturityThe following tables summarize the amortized cost, fair value, and ACL on held-to-maturity securities by major type: September 30, 2025(In thousands)AmortizedCost (1)UnrealizedGainsUnrealizedLossesFair ValueAllowance for Credit LossesNet Carrying Value