Company: WBS-PG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0000801337-25-000083
Chunk: 161

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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, to the Company’s knowledge, established any cause for default. Market prices are expected to approach par as the securities approach maturity.Contractual MaturitiesThe following table summarizes the amortized cost and fair value of available-for-sale securities by contractual maturity:June 30, 2025(In thousands)Amortized CostFair ValueMaturing within 1 year$884 $881 After 1 year through 5 years334,324 328,656 After 5 through 10 years702,943 660,919 After 10 years9,151,330 8,629,898 Total available-for-sale$10,189,481 $9,620,354 Available-for-sale securities that are not due at a single maturity date have been categorized based on the maturity date of the underlying collateral. Actual principal cash flows may differ from this categorization as borrowers have the right to prepay their obligations with or without prepayment penalties.Sales of Available-for Sale SecuritiesThe following table summarizes information related to sales of available-for-sales securities:Three months ended June 30,Six months ended June 30,(In thousands)2025202420252024Proceeds from sales$— $921,642 $14,880 $1,253,332 Gross realized gains$— $— $332 $2,240 Gross realized losses (1)— (49,915)(112)(64,551)(1)For the three months and six months ended June 30, 2024, $2.6 million of the gross losses realized on sale of available-for-sale securities was due to credit related factors and, therefore, was included in the Provision for credit losses on the accompanying Condensed Consolidated Statements of Income. There were no gross losses realized on sale of available-for-sale securities due to credit related factors for the three and six months ended June 30, 2025. The net amounts presented as a component of non-interest income for the three and six months ended June 30, 2025, and 2024, respectively, include the portion of any gross losses that were not due to credit related factors. 

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Other InformationThe following table summarizes the carrying value of available-for-sale securities pledged for deposits, borrowings, and other purposes:(In thousands)June 30, 2025December 31, 2024Pledged for deposits$1,797,620$1,596,378Pledged for borrow