Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 145

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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 grade by the rating agencies, are considered to have distinctively higher credit risk than investment grade securities. At March 31, 2025, and December 31, 2024, there were no speculative grade held-to-maturity securities. Held-to-maturity securities that are not rated are collateralized with U.S. Treasury obligations.The following tables summarize the amortized cost of held-to-maturity securities based on their lowest publicly available credit rating:March 31, 2025Investment Grade(In thousands)AaaAa1Aa2Aa3A1A2A3Not RatedAgency CMO$— $19,079 $— $— $— $— $— $— Agency MBS— 3,036,457 — — — — — — Agency CMBS— 4,332,667 — — — — — — Municipal bonds and notes301,702 154,865 250,204 108,892 12,151 4,165 — 12,452 CMBS65,402 — — — — — — — Total held-to-maturity$367,104 $7,543,068 $250,204 $108,892 $12,151 $4,165 $— $12,452 December 31, 2024Investment Grade(In thousands)AaaAa1Aa2Aa3A1A2A3Not RatedAgency CMO$— $19,847 $— $— $— $— $— $— Agency MBS— 3,109,411 — — — — — — Agency CMBS— 4,357,505 — — — — — — Municipal bonds and notes341,187 158,327 230,986 128,692 13,761 — 4,165 14,791 CMBS65,690 — — — — — — — Total held-to-maturity$406,877 $7,645,090 $230,986 $128,692 $13,761 $— $4,165 $14,791 At March 31,