Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 257

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 257
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 directly hold investments.

The following table summarizes the balances and percentage composition of the Company’s investment securities:                       At December 31, 20242023(In thousands)Amount%Amount%Available-for-sale:Government agency debentures$186,426 2.1 %$264,633 3.0 %Municipal bonds and notes110,876 1.2 1,573,233 17.6 Agency CMO29,043 0.3 48,941 0.5 Agency MBS4,519,785 50.2 3,347,098 37.4 Agency CMBS3,034,392 33.8 2,288,071 25.5 CMBS625,388 6.9 763,749 8.5 Corporate debt452,266 5.0 622,155 6.9 Private label MBS39,219 0.4 42,808 0.5 Other9,205 0.1 9,041 0.1 Total available-for-sale$9,006,600 100.0 %$8,959,729 100.0 %Held-to-maturity:Agency CMO$19,847 0.2 %$23,470 0.3 %Agency MBS3,109,411 36.8 2,409,521 34.1 Agency CMBS4,357,505 51.6 3,625,627 51.2 Municipal bonds and notes (1)891,909 10.6 916,104 13.0 CMBS65,690 0.8 100,075 1.4 Total held-to-maturity$8,444,362 100.0 %$7,074,797 100.0 %Total investment securities$17,450,962 $16,034,526 

(1)The balances at both December 31, 2024, and 2023, exclude the $0.2 million ACL recorded on held-to-maturity securities.

Available-for-sale securities remained relatively flat at approximately $9.0 billion at both December 31, 2024, and December 31, 2023. During the year ended December 31, 2024, the Company sold $2