Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 37

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 repurchase are presented as gross transactions at March 31, 2025, and December 31, 2024, since only liabilities are outstanding. Agency MBS securities, which had an aggregate market value of $85.8 million and $358.4 million at March 31, 2025, and December 31, 2024, respectively, are pledged to secure repurchase agreements. These Agency MBS securities are subject to changes in market value and, therefore, the Company may increase or decrease the level of securities pledged as collateral based upon movements in market value.The following tables represent the offsetting of repurchase agreements that are subject to master netting agreements:March 31, 2025Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial position(In thousands)Financial InstrumentsCash Collateral PledgedNet AmountRepurchase agreements$— $— $— $— $— $— December 31, 2024Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial PositionNet Amounts of Liabilities Presented in the Statement of Financial PositionGross Amounts Not Offset in the Statement of Financial position(In thousands)Financial InstrumentsCash Collateral PledgedNet AmountRepurchase agreements$209,961 $— $209,961 $220,588 $— $(10,627)FHLB AdvancesThe following table summarizes information for FHLB advances:March 31, 2025December 31, 2024(Dollars in thousands)Total OutstandingWeighted-Average Contractual Coupon RateTotal OutstandingWeighted-Average Contractual Coupon RateMaturing within 1 year$2,900,000 4.46 %$2,100,000 4.50 %After 1 but within 2 years— — — — After 2 but within 3 years425 1.37 218 — After 3 but within 4 years— — 215 2.75 After 4 but within 5 years636 1.75 642 1.75 After 5 years8,950 2.02 9,033 2.02 Total FHLB advances$2,910,011 4.45