Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 160

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 160
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)15$186,427 $(36,341)Municipal bonds and notes 859 (1)108,013 (13,010)57108,872 (13,011)Agency CMO— — 29,043 (3,150)2829,043 (3,150)Agency MBS2,624,722 (31,539)1,246,818 (220,871)3703,871,540 (252,410)Agency CMBS1,468,615 (32,528)1,540,263 (333,185)1853,008,878 (365,713)CMBS— — 457,423 (6,008)32457,423 (6,008)Corporate debt— — 426,805 (43,755)59426,805 (43,755)Private label MBS— — 39,219 (4,862)339,219 (4,862)Other— — 9,205 (650)29,205 (650)Total$4,094,196 $(64,068)$4,043,216 $(661,832)751$8,137,412 $(725,900)The $115.1 million decrease in gross unrealized losses of available-for-sale securities from December 31, 2024, to June 30, 2025, is primarily due to lower market interest rates. The Company assesses each available-for-sale security that is in an unrealized loss position on a quarterly basis to determine whether the decline in fair value below the amortized cost basis is a result of any credit related factors. At June 30, 2025 and December 31, 2024, the ACL on available-for-sale securities was $0.9 million, which related to a single Corporate debt security. Each of the Company’s other available-for-sale securities in an unrealized loss position at June 30, 2025 are investment grade, current as to principal and interest, and their price changes are consistent with interest and credit spreads when adjusting for duration, convexity, rating, and industry differences.Based on current market conditions and the Company’s targeted balance sheet composition strategy, the Company intends to hold its available-for-sale securities with unrealized loss positions through the anticipated recovery period. The issuers of these available-for-sale securities have not