Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 64

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 64
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 understand the effectiveness of its modification efforts. The following tables summarize the aging of loans that have been modified in the twelve months preceding December 31, 2024 and 2023:At December 31, 2024(In thousands)Current30-59 DaysPast Due60-89 DaysPast Due90+ DaysPast DueNon-AccrualTotalCommercial non-mortgage$64,081$986$—$—$159,498$224,565Asset-based24,112————24,112Commercial real estate100,594———30,953131,547Equipment financing31321———334Residential1,426———2231,649Home equity319———602921Total$190,845$1,007$—$—$191,276$383,128At December 31, 2023(In thousands)Current30-59 DaysPast Due60-89 DaysPast Due90+ DaysPast DueNon-AccrualTotalCommercial non-mortgage$107,852$—$—$—$25,283$133,135Asset-based45,042————45,042Commercial real estate20,708———17420,882Equipment financing1,284———3571,641Residential990———1361,126Home equity547———104651Total$176,423$—$—$—$26,054$202,477There were $17.8 million of commercial non-mortgage loans made to borrowers experiencing financial difficulty that were modified in the form of term extensions in the preceding twelve months and that had a payment default during the year ended December 31, 2024. These loans were re-modified during the three months ended June 30, 2024, again in the form of term extensions. There were no loans made to borrowers experiencing financial difficulty that were both modified and had a payment default during the year ended December 31, 2024. Loans made to borrowers experiencing financial difficulty that were modified during the year ended December 31, 2023, and that subsequently defaulted were not significant. For the purposes of this disclosure, a payment default is defined as 90 or more days past due and accruing. Non-accrual loans that are modified to borrowers experiencing financial difficulty remain on non-accrual status until the borrower has demonstrated performance under the modified terms. Commitments to lend additional funds to borrowers experiencing financial difficulty whose loans had been modified were not significant.

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Troubled Debt Restructur