Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 16

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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Fair ValueAllowance for Credit LossesNet Carrying ValueAgency CMO$19,079 $— $(1,376)$17,703 $— $19,079 Agency MBS3,036,457 9,454 (287,453)2,758,458 — 3,036,457 Agency CMBS4,332,667 2,909 (560,390)3,775,186 — 4,332,667 Municipal bonds and notes844,431 216 (53,782)790,865 (109)844,322 CMBS65,402 — (2,890)62,512 — 65,402 Total held-to-maturity$8,298,036 $12,579 $(905,891)$7,404,724 $(109)$8,297,927 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 $25.3 million and $30.5 million at March 31, 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