Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 38

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 of 2.5 yearsEquipment financingExtended term by a weighted average of 1.8 yearsPayment Delay:Commercial non-mortgageProvided payment deferrals for a weighted average of 2.4 yearsCombination - Term Extension & Payment Delay:Commercial non-mortgageExtended term by a weighted average of 0.3 years and provided payment deferrals for a weighted average of 0.5 yearsCombination - Interest Rate Reduction & Payment Delay:Multi-familyReduced weighted average interest rate by 2.0% and provided payment deferrals for a weighted average of 0.8 yearsThree months ended June 30, 2024Financial Effect (1)Term Extension:Commercial non-mortgageExtended term by a weighted average of 0.6 yearsAsset-basedExtended term by a weighted average of 0.5 yearsCommercial real estateExtended term by a weighted average of 1.1 yearsSix months ended June 30, 2024Financial Effect (1)Term Extension:Commercial non-mortgageExtended term by a weighted average of 0.6 yearsAsset-basedExtended term by a weighted average of 0.5 yearsCommercial real estateExtended term by a weighted average of 1.1 yearsMulti-familyExtended term by a weighted average of 1.4 yearsPayment Delay:Commercial non-mortgageProvided partial payment deferrals for a weighted average of 0.5 years(1)Certain disclosures related to financial effects of modifications do not include those deemed to be immaterial.

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The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following tables summarize the aging of loans that had been modified in the 12 months preceding June 30, 2025 and June 30, 2024:June 30, 2025(In thousands)Current30-59 DaysPast Due60-89 DaysPast Due90 or More Days Past DueNon-AccrualTotalCommercial non-mortgage$77,346$3,819$—$—$144,026$225,191Asset-based11,487———15,00026,487Commercial real estate85,027———7,77192,798Multi-family21,275———1,98123,256Equipment financing4,032—99——4,131Residential776———9981,774Home equity583———215798Total$200,526$3,819$99$—$169,991$374