Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 136

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 136
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8,560,303 0.15 Money market21,762,954 3.53 18,905,798 4.16 Savings7,267,170 1.67 6,845,957 1.50 Certificates of deposit6,076,756 3.53 5,861,288 4.39 Brokered certificates of deposit1,619,633 4.43 1,647,193 5.36 Total interest-bearing55,914,780 2.44 51,296,466 2.78 Total average deposits$66,093,126 2.07 %$61,623,542 2.32 %

Uninsured deposits represent the portion of deposit accounts in U.S. offices that exceed the FDIC insurance limit or similar state deposit insurance regimes, 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 September 30, 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 $24.5 billion and $22.6 billion, respectively.

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The following table summarizes uninsured deposits information at September 30, 2025, after certain exclusions:(In thousands)September 30, 2025Uninsured deposits, per regulatory reporting requirements$24,485,272Less: Affiliate deposits(4,826,300)         Collateralized deposits(5,623,637)Uninsured deposits, after exclusions$14,035,335Immediately available liquidity (1)$27,616,917Uninsured deposits coverage196.8%

(1)Reflects $8.3 billion and $16.7 billion of additional borrowing capacity from the FHLB and the FRB, respectively, and $2.6 billion of interest-bearing deposits held at FRB.

Uninsured deposits, after adjusting for affiliate deposits and collateralized deposits, represented 20.6% of total deposits at September 30, 2025. Management believes that this presentation provides a more accurate view of deposits at risk given that affiliate deposits are not customer-facing, and therefore are eliminated