Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 277

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 277
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645 0.66 Savings6,879,935 1.54 7,259,640 0.78 8,625,691 0.16 Certificates of deposit5,896,230 4.30 4,534,008 3.34 2,519,417 0.27 Brokered certificates of deposit1,701,382 5.25 1,997,602 5.07 319,085 3.24 Total interest-bearing52,038,058 2.74 46,655,399 2.19 38,931,206 0.36 Total average deposits$62,425,865 2.29 %$58,252,348 1.75 %$51,844,100 0.27 %

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 December 31, 2024, and 2023, total uninsured deposits as per regulatory reporting requirements and reported on Schedule RC-O of the Bank’s Call Report were $22.6 billion and $21.0 billion, respectively.

The following table summarizes additional uninsured deposits information after certain exclusions:(In thousands)At December 31, 2024Uninsured deposits, per regulatory reporting requirements$22,553,081 Less: Affiliate deposits(3,992,862) Collateralized deposits(4,578,438)Uninsured deposits, after exclusions$13,981,781 Immediately available liquidity (1)$23,606,741 Uninsured deposits coverage168.8 %

(1)Reflects $8.7 billion and $13.3 billion of additional borrowing capacity from the FHLB and the FRB, respectively, and $1.7 billion of interest-bearing deposits held at the FRB.

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Uninsured deposits, after adjusting for affiliate deposits and collateralized deposits, represented 21.6% of total deposits at December 31, 2024. Management believes that this presentation provides a more accurate view