Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 33

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 March 31, 2024(In thousands)Interest Rate ReductionTerm ExtensionPayment DelayCombination -Term Extension and Interest Rate ReductionTotal% of Total Class (2)Commercial non-mortgage$1,934$18,124$50,038$1,099$71,1950.4  %Asset-based—1,667——1,6670.1 Commercial real estate—7,753——7,7530.1 Multi-family—49,990——49,9900.6 Equipment financing—556——556— Residential629——135764— Home equity———6565— Total (1)$2,563$78,090$50,038$1,299$131,9900.3  %(1)The total amortized cost excludes accrued interest receivable of $0.1 million and $0.8 million for the three months ended March 31, 2025, and 2024, respectively.(2)Represents the total amortized cost of the loans modified as a percentage of the total period end loan balance by class.The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty:Three months ended March 31, 2025Financial Effect (1)Term Extension:Commercial non-mortgageExtended term by a weighted average of 1.3 yearsCommercial real estateExtended term by a weighted average of 0.9 yearsMulti-familyExtended term by a weighted average of 0.7 yearsPayment Delay:Commercial non-mortgageProvided payment deferrals for a weighted average of 0.5 years

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Three months ended March 31, 2024Financial Effect (1)Interest Rate Reduction:Commercial non-mortgageReduced weighted average interest rate by 2.5%Term Extension:Commercial non-mortgageExtended term by a weighted average of 0.5 yearsAsset-basedExtended term by a weighted average of 0.3 yearsCommercial real estateExtended term by a weighted average of 0.3 yearsMulti-familyExtended term by a weighted average of 0.7 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.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