Company: WBS-PG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0000801337-25-000104
Chunk: 20

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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Agency CMO$17,581 $— $(1,177)$16,404 $— $17,581 Agency MBS2,867,864 20,480 (242,618)2,645,726 — 2,867,864 Agency CMBS4,300,757 — (574,078)3,726,679 — 4,300,757 Municipal bonds and notes826,290 478 (38,003)788,765 (102)826,188 CMBS65,115 — (1,802)63,313 — 65,115 Total held-to-maturity$8,077,607 $20,958 $(857,678)$7,240,887 $(102)$8,077,505 December 31, 2024(In thousands)AmortizedCost (1)UnrealizedGainsUnrealizedLossesFair ValueAllowance for Credit LossesNet Carrying ValueAgency CMO$19,847 $— $(1,671)$18,176 $— $19,847 Agency MBS3,109,411 771 (333,039)2,777,143 — 3,109,411 Agency CMBS4,357,505 414 (613,914)3,744,005 — 4,357,505 Municipal bonds and notes891,909 317 (40,266)851,960 (171)891,738 CMBS65,690 — (3,851)61,839 — 65,690 Total held-to-maturity$8,444,362 $1,502 $(992,741)$7,453,123 $(171)$8,444,191 (1)Accrued interest receivable on held-to-maturity securities of $24.5 million and $30.5 million at September 30, 2025, and December 31, 2024, respectively, is excluded from amortized cost and included in Accrued interest receivable and other assets on the accompanying Condensed Consolidated Balance Sheets.An ACL on held-to-maturity securities is recorded for certain Municipal bonds and notes to account for expected lifetime credit losses. Agency securities represent obligations issued by a U.S. government-sponsored enterprise or other federally related entity and