Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 160

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 160
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,880$24,106$115$68,1010.4  %Commercial real estate20,700512—21,2120.1 Multi-family2,414——2,414— Equipment financing207——207— Residential——900900— Home equity——4040— Total (1)$67,201$24,618$1,055$92,8740.2  %Three months ended March 31, 2024(In thousands)Interest Rate ReductionTerm ExtensionPayment DelayCombination -Term Extension and Interest Rate ReductionTotal% of Total Class (2)Commercial non-mortgage$1,934$18,124$50,038$1,099$71,1950.4  %Asset-based—1,667——1,6670.1 Commercial real estate—7,753——7,7530.1 Multi-family—49,990——49,9900.6 Equipment financing—556——556— Residential629——135764— Home equity———6565— Total (1)$2,563$78,090$50,038$1,299$131,9900.3  %(1)The total amortized cost excludes accrued interest receivable of $0.1 million and $0.8 million for the three months ended March 31, 2025, and 2024, respectively.(2)Represents the total amortized cost of the loans modified as a percentage of the total period end loan balance by class.The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulty:Three months ended March 31, 2025Financial Effect (1)Term Extension:Commercial non-mortgageExtended term by a weighted average of 1.3 yearsCommercial real estateExtended term by a weighted average of 0.9 yearsMulti-familyExtended term by a weighted average of 0.7 yearsPayment Delay:Commercial non-mortgageProvided payment deferrals for a weighted average of 0.5 years

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Three months ended March 31, 2024Financial Effect (1)Interest Rate Reduction:Commercial non-mortgageReduced weighted average interest rate by 2.5%Term Extension:Commercial non-mortgageExtended term by a weighted average of 0.5 yearsAsset-basedExtended term by a weighted average of 0.3 yearsCommercial real estateExtended term by a weighted average of 0.3 years