Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 15

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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:March 31, 2025(In thousands)Amortized CostFair ValueMaturing within 1 year$6,017 $6,006 After 1 year through 5 years225,321 221,780 After 5 through 10 years756,816 706,129 After 10 years8,953,223 8,426,182 Total available-for-sale$9,941,377 $9,360,097 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 March 31,(In thousands)20252024Proceeds from sales$14,880 $331,690 Gross realized gains$332 $2,240 Gross realized losses (1)(112)(14,636)(1)For the three months ended March 31, 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 months ended March 31, 2025. The net amounts presented as a component of non-interest income for the three months ended March 31, 2025 and 2024, 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)March 31, 2025December 31, 2024Pledged for deposits$1,972,495$1,596,378Pledged for borrowings and other6,825,3366,863,183Total available-for-sale securities pledged$8,797,831$8,459,561Held-to-MaturityThe following tables summarize the amortized cost, fair value, and ACL on held-to-maturity securities by major type: March 31, 2025(In thousands)AmortizedCost (1)UnrealizedGainsUnrealizedLosses