Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 182

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 182
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-familyExtended term by a weighted average of 1.4 yearsPayment Delay:Commercial non-mortgageProvided partial payment deferrals for a weighted average of 0.5 years(1)Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial.

57

The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables summarize the aging of loans that had been modified in the 12 months preceding June 30, 2025 and June 30, 2024:June 30, 2025(In thousands)Current30-59 DaysPast Due60-89 DaysPast Due90 or More Days Past DueNon-AccrualTotalCommercial non-mortgage$77,346$3,819$—$—$144,026$225,191Asset-based11,487———15,00026,487Commercial real estate85,027———7,77192,798Multi-family21,275———1,98123,256Equipment financing4,032—99——4,131Residential776———9981,774Home equity583———215798Total$200,526$3,819$99$—$169,991$374,435June 30, 2024(In thousands)Current30-59 DaysPast Due60-89 DaysPast Due90 or More Days Past DueNon-AccrualTotalCommercial non-mortgage$53,156$1,375$—$—$120,775$175,306Asset-based12,817————12,817Commercial real estate38,327———23,61361,940Multi-family————9,4819,481Equipment financing196———581777Residential268———626894Home equity350———120470Total$105,114$1,375$—$—$155,196$261,685There were $15.0 million of asset-based loans that had been modified in the form of term extensions with borrowers experiencing financial difficulty in the 12 months preceding June 30, 2025, that had a payment default during the three and six months ended June 30, 2025. Loans that had been modified with borrowers experiencing financial difficulty in the 12 months preceding June 30, 2024, that had a payment default during the three months ended June 30, 2024, were not significant. There were $17.8 million