Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 116

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 116
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Non-interest-bearing:Demand$10,280,570 — %$10,582,416 — %Interest-bearing:Checking9,709,820 1.71 9,255,252 1.80 Health savings accounts9,307,517 0.16 8,605,640 0.15 Money market21,114,901 3.52 18,102,661 4.15 Savings7,104,607 1.61 6,697,772 1.29 Certificates of deposit6,047,194 3.68 5,779,350 4.35 Brokered certificates of deposit1,402,350 4.55 1,542,275 5.38 Total interest-bearing54,686,389 2.39 49,982,950 2.70 Total average deposits$64,966,959 2.04 %$60,565,366 2.23 %

Uninsured deposits represent the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit or similar state deposit insurance regime, and amounts in any other uninsured investment or deposit accounts that are classified as deposits and not subject to any federal or state deposit insurance regimes. The Company calculates its uninsured deposit balances based on the methodologies and assumptions used for regulatory reporting requirements, which includes an estimated portion and affiliate deposits. At March 31, 2025, and December 31, 2024, total uninsured deposits as per regulatory reporting requirements and reported on Schedule RC-O of the Bank’s Call Report were $22.1 billion and $22.6 billion, respectively.

The following table summarizes uninsured deposits information at March 31, 2025, after certain exclusions:(In thousands)March 31, 2025Uninsured deposits, per regulatory reporting requirements$22,063,643Less: Affiliate deposits(3,501,290)         Collateralized deposits(4,958,647)Uninsured deposits, after exclusions$13,603,706Immediately available liquidity (1)$25,391,266Uninsured deposits coverage186.6%

(1)Reflects $7.9 billion and $15.5 billion of additional borrowing capacity from the FHLB and the FRB, respectively, and $2.0 billion of interest-bearing deposits held at FRB.