Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 60

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 60
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97 61 11 28 1 590 913 Total other consumer2,470 1,778 2,947 2,064 2,486 594 39,001 51,340 Current period gross write-offs3,263 7 2 218 377 363 — 4,230 Total consumer portfolio816,641 2,019,764 2,286,113 893,040 462,450 2,185,134 1,133,076 9,796,218 Current period gross write-offs$3,263 $11 $470 $218 $634 $8,107 $— $12,703 Collateral Dependent Loans and LeasesA non-accrual loan or lease is considered collateral dependent when the borrower is experiencing financial difficulty and when repayment is substantially expected to be provided through the operation or sale of collateral. Commercial non-mortgage loans, asset-based loans, and equipment financing loans and leases are generally secured by machinery and equipment, inventory, receivables, or other non-real estate assets, whereas commercial real estate, multi-family, residential, home equity, and other consumer loans are secured by real estate.At December 31, 2024, and 2023, the carrying amount of collateral dependent loans was $139.5 million and $66.1 million, respectively, for commercial loans and leases, and $29.1 million and $22.7 million, respectively, for consumer loans. The ACL for collateral dependent loans and leases is individually assessed based on the fair value of the collateral less costs to sell at the reporting date. At December 31, 2024, and 2023, the collateral value associated with collateral dependent loans and leases was $200.1 million and $93.7 million, respectively.Modifications to Borrowers Experiencing Financial DifficultyOn January 1, 2023, the Company adopted ASU 2022-02, which eliminated the accounting guidance for TDRs and enhanced the disclosure requirements for certain loan modifications when a borrower is experiencing financial difficulty. For a description of the Company’s accounting policies related to the accounting and reporting of TDRs, for which certain comparative period information is presented, refer to Note 1: Summary of Significant Accounting Policies.

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In certain circumstances, the Company enters into agreements to modify the terms of loans to borrowers experiencing financial difficulty. A variety of solutions are offered to borrowers experiencing