Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 53

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 53
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. FICO scores are updated at least quarterly. Factors such as past due status, employment status, collateral, geography, loans discharged in bankruptcy, and the status of first lien position loans on second lien position loans, are also considered to be consumer portfolio credit quality indicators. For portfolio monitoring purposes, the Company estimates the current value of property secured as collateral for home equity and residential first mortgage lending products on an ongoing basis. The estimate is based on home price indices compiled by the S&P/Case-Shiller Home Price Indices. Real estate price data is applied to the loan portfolios taking into account the age of the most recent valuation and geographic area.

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The following tables summarize the amortized cost basis of commercial loans and leases by Composite Credit Risk Profile grade and origination year:At December 31, 2024(In thousands)20242023202220212020PriorRevolving Loans Amortized Cost BasisTotalCommercial non-mortgage:Risk rating:Pass$2,917,048 $1,916,905 $2,818,720 $1,100,575 $562,252 $1,211,312 $6,325,637 $16,852,449 Special mention31,587 66,770 156,555 51,055 30,669 4,203 44,017 384,856 Substandard56,307 125,735 237,362 92,134 16,466 63,998 208,608 800,610 Doubtful— — — 1 — 25 1 27 Total commercial non-mortgage3,004,942 2,109,410 3,212,637 1,243,765 609,387 1,279,538 6,578,263 18,037,942 Current period gross write-offs— 11,894 45,308 10,668 3,842 3,385 15,169 90,266 Asset-based:Risk rating:Pass1,250 11,684 — — — 20,255 1,132,901 1,166,090 Special mention— — — — — 5,226 90,372 95,598 Substandard— 2,562 — — — 1,239 138,518 142,319 Total asset-based