Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 41

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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1)$2,624,835 $3,181,298 Aggregate amount of time deposit accounts that exceeded the FDIC limit (2)1,465,572 1,407,077 Deposit overdrafts reclassified as loan balances5,064 7,146 (1)Excludes money market deposits received through interSYNC of $8.7 billion at June 30, 2025, and $7.3 billion at December 31, 2024.(2)Excludes an aggregate amount of time deposit accounts that were at the FDIC limit of $19.3 million at June 30, 2025, and $16.8 million at December 31, 2024.The following table summarizes the scheduled maturities of time deposits:(In thousands)June 30,2025Remainder of 2025$5,946,812 20261,876,195 202738,286 202820,127 202917,969 Thereafter20,496 Total time deposits$7,919,885 

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Note 7: Borrowings

Securities Sold Under Agreements to Repurchase and Federal Funds PurchasedThe following table summarizes securities sold under agreements to repurchase and federal funds purchased:June 30, 2025December 31, 2024(Dollars in thousands)Total OutstandingRateTotal OutstandingRateSecurities sold under agreements to repurchase (1)$372,806 3.66 %$344,168 2.98 %Securities sold under agreements to repurchase and federal funds purchased (2)$372,806 3.66 %$344,168 2.98 %(1)Securities sold under agreements to repurchase have an original maturity date of one year or less for the periods presented.(2)There were no outstanding federal funds purchased at June 30, 2025, and December 31, 2024.The Company’s repurchase agreement counterparties are limited to primary dealers in government securities and commercial and municipal customers through the Corporate Treasury function. The Company has the right of offset with respect to repurchase agreement assets and liabilities with the same counterparty when master netting agreements are in place. Securities sold under agreements to repurchase are presented as gross transactions at June 30, 2025, and December 31, 2024, since only liabilities are outstanding. Agency MBS securities, which had an aggregate market value of