Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 117

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 117
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 months ended September 30, 2024, respectively. The 8 and 30 basis point increases, respectively, are primarily due to higher yields on securities that were purchased in 2024, as compared to the yields on securities with paydown activities.

At September 30, 2025, and December 31, 2024, gross unrealized losses on held-to-maturity securities were $857.7 million and $992.7 million, respectively. The $135.1 million decrease is primarily due to lower market interest rates. Held-to-maturity securities are evaluated for credit losses on a quarterly basis under the CECL methodology. At September 30, 2025, and December 31, 2024, the ACL on held-to-maturity securities was $0.1 million and $0.2 million, respectively.

The following table summarizes the maturity distribution of investment securities by the earlier of either contractual maturity or call date, as applicable, along with their respective weighted-average yields:September 30, 20251 Year or Less1 - 5 Years5 - 10 YearsAfter 10 YearsTotal(Dollars in thousands)AmountWeighted-AverageYield (1)AmountWeighted-AverageYield (1)AmountWeighted-AverageYield (1)AmountWeighted-AverageYield (1)AmountWeighted-AverageYield (1)Available-for-sale:Government agency debentures$— — %$— — %$99,574 2.51 %$123,254 3.76 %$222,828 3.20 %Municipal bonds and notes440 4.07 3,456 2.83 59,508 2.25 53,826 2.09 117,230 2.20 Agency CMO1 5.00 — — 1,901 3.42 26,053 2.80 27,955 2.84 Agency MBS174 1.36 2,023 1.32 4,111 3.68 5,100,153 4.69 5,106,461 4.69 Agency CMBS— — 109,176 4.68 481,097 4.57 3,113,731 4.81 3,704,004 4.78