Webster Bank Mortgage Rates, Fees & Info

Waterbury, CT

LEI: WV0OVGBTLUP1XIUJE722

Tax ID: 06-0273620

3 stars - out of 5 stars, based on 92 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Webster Bank is a mid-sized bank specializing in Refi and Home Purchase loans. Webster Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, New York, Bridgeport, Hartford, and Providence among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Webster Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Webster Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.26% 10/3/22
    30 Year Conventional Purchase 6.32% 10/3/22
    30 Year Conventional Refi 6.38% 10/3/22
    30 Year Cash-out Refi 6.43% 10/3/22
    30 Year FHA Purchase 7.15% 10/3/22
    30 Year FHA Refi 7.54% 10/3/22
    30 Year VA Purchase 5.93% 10/3/22
    15 Year Conventional Purchase 6.20% 10/3/22
    15 Year Conventional Refi 6.34% 10/3/22
    15 Year Cash-out Refi 6.34% 10/3/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    8,507

    Origination Dollar Volume (All Markets)

    $3,307,655,000

    Employee count

    2,816 Show all (9) awards

    Relative Rate

    Webster Bank's average 30 year fixed mortgage rate was 3.4%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.25%.

    Relative Fees (Closing Costs)

    Webster Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,961.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1,270 $793,040,000 $624,441 $5,519 3.11%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 961 $669,915,000 $697,102 $7,720 3.22%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1,183 $600,775,000 $507,840 $5,843 3.28%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1,901 $352,815,000 $185,594 $3,510 3.36%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1,066 $278,150,000 $260,929 $4,262 3.17%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1,088 $191,480,000 $175,993 $3,612 3.41%
    Torrington, CT (FHA|USDA|VA) 495 $86,695,000 $175,141 $3,502 3.37%
    WORCESTER, MA-CT (FHA|USDA|VA) 103 $51,625,000 $501,214 $4,969 3.12%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 10 $39,250,000 $3,925,000 $4,071 3.17%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $35,950,000 $17,975,000 $0 1.99%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 91 $32,285,000 $354,780 $5,435 3.21%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $23,305,000 $23,305,000 $0 1.89%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 52 $20,510,000 $394,423 $4,476 2.92%
    SPRINGFIELD, MA (FHA|USDA|VA) 64 $20,300,000 $317,188 $3,367 3.30%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 26 $16,430,000 $631,923 $7,622 3.17%
    Outside of Metro Areas 21 $10,455,000 $497,857 $7,723 2.95%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 11 $8,795,000 $799,545 $7,497 2.91%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 33 $7,745,000 $234,697 $5,797 3.38%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 9 $7,375,000 $819,444 $6,470 2.82%
    Vineyard Haven, MA (FHA|USDA|VA) 9 $6,935,000 $770,556 $5,959 2.75%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 8 $6,510,000 $813,750 $6,515 3.05%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 11 $6,265,000 $569,545 $8,630 2.81%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 6 $4,590,000 $765,000 $5,494 2.81%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $3,585,000 $1,195,000 $5,174 2.71%
    Lebanon, NH-VT (FHA|USDA|VA) 7 $3,445,000 $492,143 $4,969 2.88%
    PITTSBURGH, PA (FHA|USDA|VA) 5 $3,075,000 $615,000 $10,194 3.05%
    Laconia, NH (FHA|USDA|VA) 2 $2,070,000 $1,035,000 $13,655 3.06%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $7,502 3.00%
    PUNTA GORDA, FL (FHA|USDA|VA) 3 $1,905,000 $635,000 $7,541 2.91%
    PITTSFIELD, MA (FHA|USDA|VA) 5 $1,555,000 $311,000 $4,539 3.05%
    Concord, NH (FHA|USDA|VA) 3 $1,305,000 $435,000 $4,903 3.74%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,250,000 $312,500 $8,432 3.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $1,195,000 $170,714 $4,125 2.95%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,180,000 $196,667 $5,772 2.83%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $1,060,000 $530,000 $5,455 2.94%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $900,000 $450,000 $5,547 2.94%
    LANCASTER, PA (FHA|USDA|VA) 1 $895,000 $895,000 $8,782 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $870,000 $217,500 $7,895 3.34%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $785,000 $785,000 $8,059 2.88%
    KINGSTON, NY (FHA|USDA|VA) 2 $670,000 $335,000 $5,007 2.75%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $610,000 $305,000 $4,837 2.75%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $605,000 $605,000 $5,361 2.75%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $605,000 $605,000 $9,960 2.88%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $585,000 $585,000 $8,788 3.13%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,949 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $525,000 $525,000 $9,519 2.63%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $525,000 $525,000 $8,733 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $510,000 $255,000 $4,577 3.12%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $490,000 $245,000 $2,682 2.93%
    Key West, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 3.50%
    Brevard, NC (FHA|USDA|VA) 1 $425,000 $425,000 $9,534 3.00%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.44%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $355,000 $355,000 $5,405 3.25%
    RACINE, WI (FHA|USDA|VA) 1 $315,000 $315,000 $4,083 2.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $5,322 2.88%
    Rutland, VT (FHA|USDA|VA) 2 $270,000 $135,000 $3,408 2.69%
    COLUMBIA, SC (FHA|USDA|VA) 1 $255,000 $255,000 $5,190 2.63%
    Barre, VT (FHA|USDA|VA) 1 $255,000 $255,000 $5,095 2.25%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $250,000 $125,000 $3,564 2.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,476 2.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $3,497 2.38%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $135,000 $135,000 $3,329 3.13%

    Webster Bank's top markets include Boston, New York, Bridgeport, Hartford, and Providence among others.

    Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,493 $2,863,035,000 $521,215 $4,909 2.91%
    HELOC 2,993 $439,775,000 $146,935 n/a 3.92%
    FHA 20 $4,650,000 $232,500 $8,551 2.88%
    VA 1 $195,000 $195,000 $7,297 2.50%

    For 2021, Webster Bank's most frequently originated type of loan was Conventional, with 5,493 originations. Their 2nd most popular type was HELOC, with 2,993 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,474 $1,169,810,000 $336,733 $3,704 3.09%
    Home Purchase 1,946 $1,554,320,000 $798,726 $6,647 2.93%
    Home Improvement 1,362 $181,760,000 $133,451 $1,641 4.03%
    Other 901 $119,005,000 $132,081 $1,567 3.93%
    Cash Out Refi 824 $282,760,000 $343,155 $6,209 2.77%

    For 2021, Webster Bank's most frequently cited loan purpose was Refi, with 3,474 originations. The 2nd most popular reason was Home Purchase, with 1,946 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 6,316 $2,485,840,000 $393,578 $5,961 3.40%
    15 Year 1,033 $235,705,000 $228,175 $3,340 2.63%
    20 Year 451 $105,885,000 $234,778 $3,629 3.14%
    10 Year 424 $149,520,000 $352,642 $1,718 2.91%
    30+ year 115 $119,265,000 $1,037,087 $7,849 3.00%
    Other 93 $143,795,000 $1,546,183 $2,995 3.27%
    5 Year 75 $67,645,000 $901,933 $359 3.40%

    For 2021, Webster Bank's most frequently cited loan duration was 30 Year, with 6,316 originations. The 2nd most popular length was 15 Year, with 1,033 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,912 $1,305,030,000 $333,597
    $1k-2k 1,217 $1,144,165,000 $940,152
    $2k-3k 24 $21,300,000 $887,500
    $5k+ 21 $21,775,000 $1,036,905
    $3k-4k 10 $9,450,000 $945,000
    $4k-5k 6 $6,520,000 $1,086,667

    Webster Bank's average total fees were $5,961, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,912 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,468 $1,010,280,000 $291,315
    2.5-3% 2,920 $1,711,100,000 $585,993
    <2.5% 1,108 $502,650,000 $453,655
    4-5% 833 $75,995,000 $91,230
    5-6% 167 $7,385,000 $44,222
    6-7% 9 $215,000 $23,889
    Over 8% 2 $30,000 $15,000

    During 2021, Webster Bank's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 3,468 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,206 $311,880,000 $141,378 $2,707 3.27%
    $200k-400k 2,153 $580,995,000 $269,854 $5,200 3.04%
    $100,000 or less 1,685 $96,515,000 $57,279 $749 4.05%
    $600k-1MM 1,231 $966,445,000 $785,089 $6,121 2.92%
    $400k-600k 653 $325,555,000 $498,553 $6,687 2.96%
    $1MM+ 579 $1,026,265,000 $1,772,478 $8,416 2.85%

    2021 saw Webster Bank place emphasis on $100k-200k loans with 2,206 originations, totaling $311,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 2,125 $1,473,655,000 $693,485 $6,566 3.14%
    $150k-250k 2,045 $798,875,000 $390,648 $5,512 3.22%
    $100k-150k 1,537 $330,275,000 $214,883 $4,290 3.31%
    $75k-100k 1,014 $167,250,000 $164,941 $3,772 3.34%
    $50k-75k 960 $133,340,000 $138,896 $3,050 3.32%
    $50k or less 442 $41,980,000 $94,977 $2,145 3.59%

    Webster Bank lent most frequently to those with incomes in the $250k+ range, with 2,125 originations. The second most popular income band? $150k-250k, with 2,045 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,312 $890,200,000 $385,035 $4,804 3.16%
    30-36% 1,589 $616,965,000 $388,272 $5,097 3.25%
    <20% 884 $335,490,000 $379,514 $4,574 3.07%
    50-60% 321 $45,645,000 $142,196 $1,562 3.82%
    37% 294 $108,480,000 $368,980 $4,959 3.25%
    40% 287 $121,755,000 $424,233 $5,737 3.23%
    49% 282 $46,230,000 $163,936 $1,895 3.68%
    42% 281 $121,815,000 $433,505 $5,520 3.21%
    38% 281 $123,775,000 $440,480 $5,635 3.26%
    44% 280 $77,960,000 $278,429 $5,382 3.45%
    36% 270 $128,180,000 $474,741 $6,181 3.13%
    41% 251 $108,785,000 $433,406 $5,369 3.23%
    39% 241 $106,035,000 $439,979 $5,742 3.21%
    43% 230 $63,960,000 $278,087 $4,684 3.30%
    45% 151 $26,505,000 $175,530 $4,131 3.46%
    46% 144 $27,810,000 $193,125 $3,648 3.42%
    48% 130 $24,920,000 $191,692 $3,731 3.46%
    47% 127 $22,525,000 $177,362 $2,845 3.47%
    >60% 2 $300,000 $150,000 $0 4.25%

    Webster Bank lent most frequently to those with DTI ratios of 20-30%, with 2,312 originations. The next most common DTI ratio? 30-36%, with 1,589 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,742 $2,329,430,000 $345,510 $4,817 3.27%
    Not provided 968 $400,700,000 $413,946 $5,318 3.22%
    Not applicable 143 $307,055,000 $2,147,238 $0 3.49%
    Asian 434 $218,270,000 $502,926 $5,893 3.13%
    Black 201 $48,735,000 $242,463 $4,430 3.34%
    American Indian 11 $1,645,000 $149,545 $1,795 3.69%
    Native Hawaiian or Islander 7 $1,255,000 $179,286 $7,462 3.80%
    Asian Indian 1 $565,000 $565,000 $5,631 2.75%

    Approval Rates

    Total approvals of all applications
    84.28%

    Webster Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.20%

    Webster Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,507 $3,307,655,000 $388,816

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    8,507 $3,307,655,000 $388,816

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,659 $294,335,000 $177,417 $2,351 3.49%
    40-60% 1,624 $666,600,000 $410,468 $4,041 2.97%
    60-80% 2,475 $1,450,845,000 $586,200 $5,956 2.95%
    80-100% 1,171 $758,335,000 $647,596 $6,392 2.92%
    Over 100% 1 $585,000 $585,000 $0 4.75%
    Under 20% 1,577 $136,955,000 $86,845 $733 4.07%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    WEBSTER BANK, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 20.0%
    WEBSTER BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 3 60.0%
    WEBSTER BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Webster Bank, National Association 1 Brattle Street Cambridge, MA 2138 Full Service B&M $41,789
    Webster Bank, National Association 1177 Post Road Fairfield, CT 6824 Full Service B&M $53,430
    Webster Bank, National Association 1180 East Main Street Torrington, CT 6790 Full Service B&M $143,851
    Webster Bank, National Association 1215 Park Ave. Cranston, RI 2910 Full Service B&M $61,105
    Webster Bank, National Association 1265 Boston Post Road Mamaroneck, NY 10543 Full Service B&M $42,363
    Webster Bank, National Association 130 Westbrook Road Essex, CT 6426 Full Service B&M $65,025
    Webster Bank, National Association 132 Main Street Southington, CT 6489 Full Service B&M $189,187
    Webster Bank, National Association 1376 Bald Hill Road Warwick, RI 2886 Full Service B&M $87,756
    Webster Bank, National Association 14 Danbury Road Ridgefield, CT 6877 Full Service B&M $100,352
    Webster Bank, National Association 141 Hebron Drive Glastonbury, CT 6033 Full Service B&M $165,960
    Webster Bank, National Association 145 Bank St, Webster Plaza Waterbury, CT 6702 Full Service B&M $15,045,584
    Webster Bank, National Association 145 Highland Avenue Maplecroft Plaza Cheshire, CT 6410 Full Service B&M $207,956
    Webster Bank, National Association 2 High Street Farmington, CT 6032 Full Service B&M $104,177
    Webster Bank, National Association 2 North Road East Windsor, CT 6088 Full Service B&M $102,733
    Webster Bank, National Association 2 River Street New Rochelle, NY 10801 Full Service B&M $38,969
    Webster Bank, National Association 2 Washington Street Taunton, MA 2780 Full Service B&M $119,693
    Webster Bank, National Association 200 College St New Haven, CT 6510 Full Service B&M $73,754
    Webster Bank, National Association 200 Division Street Ansonia, CT 6401 Full Service B&M $110,768
    Webster Bank, National Association 200 New Hartford Rd Winsted, CT 6098 Full Service B&M $46,634
    Webster Bank, National Association 2100 Poquonock Avenue Windsor, CT 6095 Full Service B&M $90,923
    Webster Bank, National Association 2143 Central Park Avenue Yonkers, NY 10710 Full Service B&M $51,091
    Webster Bank, National Association 219 Town Green Wilton, CT 6897 Full Service B&M $67,131
    Webster Bank, National Association 220 Albany Turnpike Canton, CT 6019 Full Service B&M $80,277
    Webster Bank, National Association 220 Oak Street Brockton, MA 2301 Full Service B&M $29,056
    Webster Bank, National Association 244 Post Road East Westport, CT 6880 Full Service B&M $63,770
    Webster Bank, National Association 247 Boston Post Road Orange, CT 6477 Full Service B&M $119,732
    Webster Bank, National Association 25 Stuart Street Boston, MA 2116 Full Service B&M $10,999
    Webster Bank, National Association 260 Main Street East Haven, CT 6512 Full Service B&M $90,282
    Webster Bank, National Association 262 County Road Barrington, RI 2806 Full Service B&M $47,208
    Webster Bank, National Association 265 Newport Avenue Pawtucket, RI 2861 Full Service B&M $34,688
    Webster Bank, National Association 27 Park Street Attleboro, MA 2703 Full Service B&M $79,523
    Webster Bank, National Association 28 County Road Mattapoisett, MA 2739 Full Service B&M $45,793
    Webster Bank, National Association 28 Durham Road (Route 79) Madison, CT 6443 Full Service B&M $65,668
    Webster Bank, National Association 2855 Dixwell Avenue Hamden, CT 6518 Full Service B&M $210,258
    Webster Bank, National Association 297 Harvard Street Brookline, MA 2446 Full Service B&M $39,688
    Webster Bank, National Association 5 Wigwam Avenue Waterbury, CT 6704 Full Service B&M $77,474
    Webster Bank, National Association 50 Freshwater Boulevard Enfield, CT 6082 Full Service B&M $138,810
    Webster Bank, National Association 50 North Main Street, Route 7 Kent, CT 6757 Full Service B&M $48,549
    Webster Bank, National Association 500 New Haven Ave. Derby, CT 6418 Full Service B&M $114,428
    Webster Bank, National Association 506 Shelton Avenue Shelton, CT 6484 Full Service B&M $109,731
    Webster Bank, National Association 51 East Main Street Plainville, CT 6062 Full Service B&M $109,336
    Webster Bank, National Association 53 Main Street New Milford, CT 6776 Full Service B&M $204,822
    Webster Bank, National Association 553 Farmington Avenue New Britain, CT 6053 Full Service B&M $110,260
    Webster Bank, National Association 575 Farmington Ave Bristol, CT 6010 Full Service B&M $433,034
    Webster Bank, National Association 584 Campbell Avenue West Haven, CT 6516 Full Service B&M $55,782
    Webster Bank, National Association 6 Gay Street Sharon, CT 6069 Full Service B&M $34,264
    Webster Bank, National Association 637 Main Street Somers, CT 6071 Full Service B&M $58,017
    Webster Bank, National Association 710 Wolcott Road Wolcott, CT 6716 Full Service B&M $109,651
    Webster Bank, National Association 712 Main Street Watertown, CT 6795 Full Service B&M $229,815
    Webster Bank, National Association 716 Aquidneck Ave. Middletown, RI 2842 Full Service B&M $27,733
    Webster Bank, National Association 719 Belmont Street Brockton, MA 2301 Full Service B&M $80,557
    Webster Bank, National Association 72 Purchase Street Rye, NY 10580 Full Service B&M $39,837
    Webster Bank, National Association 723 Boston Post Road Old Saybrook, CT 6475 Full Service B&M $52,752
    Webster Bank, National Association 725 Wolcott Street Waterbury, CT 6705 Full Service B&M $60,257
    Webster Bank, National Association 733 Rubber Avenue Naugatuck, CT 6770 Full Service B&M $47,193
    Webster Bank, National Association 741 Willett Avenue Riverside, RI 2915 Full Service B&M $81,661
    Webster Bank, National Association 760 Mclean Ave Yonkers, NY 10704 Full Service B&M $66,954
    Webster Bank, National Association 774 North Main Street West Hartford, CT 6117 Limited, Drive-thru $137,829
    Webster Bank, National Association 789 Federal Road Brookfield, CT 6804 Full Service B&M $86,771
    Webster Bank, National Association 797 Pine Street Forestville, CT 6010 Full Service B&M $129,750
    Webster Bank, National Association 83 Newtown Rd Danbury, CT 6810 Full Service B&M $51,662
    Webster Bank, National Association 84 Central Street Wellesley, MA 2482 Full Service B&M $26,972
    Webster Bank, National Association 85 Mason St. Greenwich, CT 6830 Full Service B&M $32,004
    Webster Bank, National Association 894 Whalley Avenue New Haven, CT 6515 Full Service B&M $46,211
    Webster Bank, National Association 975 Ashley Boulevard New Bedford, MA 2745 Full Service B&M $160,386
    Webster Bank, National Association One North Riverside Ave Terryville, CT 6786 Full Service B&M $95,673
    Webster Bank, National Association Routes 37 And 39 Sherman, CT 6784 Full Service B&M $68,943
    Webster Bank, National Association 1000 Grand Army Hwy Somerset, MA 2726 Full Service B&M $98,352
    Webster Bank, National Association 1000 Highland Ave Needham, MA 2494 Full Service B&M $53,778
    Webster Bank, National Association 1039 Silas Deane Highway Wethersfield, CT 6109 Full Service B&M $162,870
    Webster Bank, National Association 1041 Main Street Manchester, CT 6040 Full Service B&M $154,353
    Webster Bank, National Association 1041 Ten Rod Rd North Kingstown, RI 2852 Full Service B&M $33,012
    Webster Bank, National Association 1069 Boston Post Road Guilford, CT 6437 Full Service B&M $105,719
    Webster Bank, National Association 108 Farmington Avenue Hartford, CT 6105 Full Service B&M $37,867
    Webster Bank, National Association 1085 Main Street East Hartford, CT 6108 Full Service B&M $133,225
    Webster Bank, National Association 1101 Boston Post Rd Darien, CT 6820 Full Service B&M $37,901
    Webster Bank, National Association 1114 New Britain Avenue West Hartford, CT 6110 Full Service B&M $198,211
    Webster Bank, National Association 1120 Main Street Newington, CT 6111 Full Service B&M $225,355
    Webster Bank, National Association 146 Mamaroneck Avenue White Plains, NY 10601 Full Service B&M $54,001
    Webster Bank, National Association 15 New Haven Road Seymour, CT 6483 Full Service B&M $154,426
    Webster Bank, National Association 1519 Newman Avenue Seekonk, MA 2771 Full Service B&M $82,636
    Webster Bank, National Association 155 Main Street Thomaston, CT 6787 Full Service B&M $56,293
    Webster Bank, National Association 1695 Ellington Rd South Windsor, CT 6074 Full Service B&M $141,782
    Webster Bank, National Association 17 Popham Rd Scarsdale, NY 10583 Full Service B&M $39,910
    Webster Bank, National Association 176 Broad Street Windsor, CT 6095 Full Service B&M $142,551
    Webster Bank, National Association 185 Asylum Street Hartford, CT 6103 Full Service B&M $95,469
    Webster Bank, National Association 1919 Black Rock Turnpike Fairfield, CT 6825 Full Service B&M $61,994
    Webster Bank, National Association 1959 Summer St. Stamford, CT 6905 Full Service B&M $75,957
    Webster Bank, National Association 2 Daniels Farm Rd. Trumbull, CT 6611 Full Service B&M $64,259
    Webster Bank, National Association 301 Main Street Danbury, CT 6810 Full Service B&M $116,782
    Webster Bank, National Association 31 Waltham Street Lexington, MA 2421 Full Service B&M $65,745
    Webster Bank, National Association 311 West Street Litchfield, CT 6759 Full Service B&M $89,477
    Webster Bank, National Association 319 Cottage Grove Road Bloomfield, CT 6002 Full Service B&M $114,226
    Webster Bank, National Association 324 Franklin Avenue Hartford, CT 6114 Full Service B&M $44,287
    Webster Bank, National Association 33 Sullivan Drive Fall River, MA 2721 Full Service B&M $131,020
    Webster Bank, National Association 346 Main Street Kensington, CT 6037 Full Service B&M $145,850
    Webster Bank, National Association 3546 Main Street Bridgeport, CT 6606 Full Service B&M $37,802
    Webster Bank, National Association 363 Main Street Middletown, CT 6457 Full Service B&M $59,604
    Webster Bank, National Association 364 Reidville Drive Waterbury, CT 6705 Full Service B&M $85,139
    Webster Bank, National Association 375 Bridgeport Avenue Shelton, CT 6484 Full Service B&M $171,025
    Webster Bank, National Association 377 Cromwell Avenue Rocky Hill, CT 6067 Full Service B&M $163,795
    Webster Bank, National Association 392 West Main Street Avon, CT 6001 Full Service B&M $148,176
    Webster Bank, National Association 40 Webster Square Place Berlin, CT 6037 Full Service B&M $118,307
    Webster Bank, National Association 400 Middlebury Road Middlebury, CT 6762 Full Service B&M $65,524
    Webster Bank, National Association 402 Connecticut Ave Norwalk, CT 6854 Full Service B&M $120,661
    Webster Bank, National Association 45 Waterbury Road Prospect, CT 6712 Full Service B&M $94,426
    Webster Bank, National Association 450 Barnum Avenue Stratford, CT 6614 Full Service B&M $80,248
    Webster Bank, National Association 450 Main Street New Britain, CT 6051 Full Service B&M $219,554
    Webster Bank, National Association 475 Talcottville Road Vernon, CT 6066 Full Service B&M $102,739
    Webster Bank, National Association 491 Boylston Street Boston, MA 2116 Full Service B&M $15,145
    Webster Bank, National Association 495 Monroe Tpk Monroe, CT 6468 Full Service B&M $62,287
    Webster Bank, National Association 5 Coles Road Cromwell, CT 6416 Full Service B&M $118,418
    Webster Bank, National Association 64 South Main Street Wallingford, CT 6492 Full Service B&M $132,600
    Webster Bank, National Association 65 Lasalle Road West Hartford, CT 6107 Full Service B&M $240,912
    Webster Bank, National Association 652 East Main Street Meriden, CT 6450 Full Service B&M $64,044
    Webster Bank, National Association 66 North Main Street Suffield, CT 6078 Full Service B&M $98,339
    Webster Bank, National Association 665 West Main Street New Britain, CT 6053 Full Service B&M $112,137
    Webster Bank, National Association 680 Park Street Hartford, CT 6106 Full Service B&M $20,960
    Webster Bank, National Association 686 Dartmouth Street South Dartmouth, MA 2748 Full Service B&M $74,461
    Webster Bank, National Association 696 Amity Road Bethany, CT 6524 Full Service B&M $47,683
    Webster Bank, National Association 7 Halls Road Old Lyme, CT 6371 Full Service B&M $58,737
    Webster Bank, National Association 70 Washington Avenue North Haven, CT 6473 Full Service B&M $132,299
    Webster Bank, National Association 700 Washington Street Stoughton, MA 2072 Full Service B&M $39,038
    Webster Bank, National Association 708 Hopemeadow St Simsbury, CT 6070 Full Service B&M $98,336
    Webster Bank, National Association 1 Brush Hill Road New Fairfield, CT 6812 Full Service B&M $59,200
    Webster Bank, National Association 1 South Main Street Branford, CT 6405 Full Service B&M $127,981
    Webster Bank, National Association 100 Broad Street Milford, CT 6460 Full Service B&M $143,940
    Webster Bank, National Association 100 Franklin Street Boston, MA 2110 Full Service B&M $1,772,438
    Webster Bank, National Association 100 Main Street North Southbury, CT 6488 Full Service B&M $127,212
    Webster Bank, National Association 100 Westminster St. Providence, RI 2903 Full Service B&M $33,328

    For 2021, Webster Bank had 130 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $947,752
    Net interest income $919,430
    Total noninterest income $305,412
    Gross Fiduciary activities income $10,500
    Service charges on deposit accounts $82,284
    Trading account gains and fees $10,771
    Additional Noninterest Income $201,857
    Pre-tax net operating income $565,885
    Securities gains (or losses, -) $0
    Income before extraordinary items $437,889
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $437,889
    Minority interest net income $0
    Net income $437,889
    Sale, conversion, retirement of capital stock, net $12,982
    Net operating income $437,889

    Webster Bank's gross interest income from loans was $947,752,000.
    Webster Bank's net interest income from loans was $919,430,000.
    Webster Bank's fee based income from loans was $82,284,000.
    Webster Bank's net income from loans was $437,889,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $28,322
    Provision for credit losses $-54,151
    Total noninterest expense $713,108
    Salaries and employee benefits $418,293
    Premises and equipment expense $138,409
    Additional noninterest expense $156,406
    Applicable income taxes $127,996
    Net charge-offs $3,829
    Cash dividends $200,000

    Webster Bank's interest expense for loans was $28,322,000.
    Webster Bank's payroll and benefits expense were $418,293,000.
    Webster Bank's property, plant and equipment expenses $138,409,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $30,165,515
    Deposits held in domestic offices $30,040,689
    Deposits by Individuals, partnerships, and corporations $26,268,924
    Deposits by U.S. Government $24
    Deposits by States and political subdivisions in the U.S. $3,765,616
    Deposits by Commercial banks and other depository institutions in U.S. $6,125
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $11,926,600
    Demand deposits $7,182,713
    Nontransaction accounts $18,114,089
    Money market deposit accounts (MMDAs) $3,958,996
    Other savings deposits (excluding MMDAs) $12,432,148
    Total time deposits $1,722,945
    Total time and savings deposits $22,857,976
    Noninterest-bearing deposits $7,182,737
    Interest-bearing deposits $22,857,952
    Retail deposits $29,643,220
    IRAs and Keogh plan accounts $324,392
    Brokered deposits $120,392
    Deposits held in foreign offices $124,826

    Assets

    Asset Value (in 000's)
    Total Assets $34,893,033
    Cash & Balances due from depository institutions $461,192
    Interest-bearing balances $339,912
    Total securities $10,432,979
    Federal funds sold & reverse repurchase $378
    Net loans and leases $21,975,236
    Loan and leases loss allowance $301,187
    Trading account assets $133,401
    Bank premises and fixed assets $204,557
    Other real estate owned $2,812
    Goodwill and other intangibles $565,479
    All other assets $1,116,999

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $34,893,033
    Total Liabilities $31,368,512
    Total deposits $30,165,515
    Interest-bearing deposits $22,982,778
    Deposits held in domestic offices $30,040,689
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $674,896
    Trading liabilities $13,301
    Other borrowed funds $162,473
    Subordinated debt $0
    All other liabilities $352,327

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $21,975,236
    Loan and leases loss allowance $301,187
    Total loans and leases (domestic) $22,276,423
    All real estate loans $13,621,893
    Real estate loans in domestic offices $13,621,893
    Construction and development loans $573,335
    Residential 1-4 family construction $108,649
    Other construction, all land development and other land $464,686
    Loans secured by nonfarm nonresidential properties $4,819,252
    Nonfarm nonresidential secured by owner-occupied properties $1,359,687
    Commercial real estate & other non-farm, non-residential $3,459,565
    Multifamily residential real estate $1,141,658
    1-4 family residential loans $7,087,648
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,422,099
    To non-U.S. addressees $0
    Loans to individuals $84,654
    Credit card loans $0
    Related Plans $27,795
    Consumer Auto Loans $0
    Other loans to individuals $56,859
    All other loans & leases $1,147,777
    Loans to foreign governments and official institutions $0
    Other loans $390,066
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $233,585
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $109,232
    Non 1-4 family restructured loans & leases $48,291
    Total loans and leases (foreign) $0

    Webster Bank had $21,975,236,000 of loans outstanding in 2021. $13,621,893,000 of loans were in real estate loans. $573,335,000 of loans were in development loans. $1,141,658,000 of loans were in multifamily mortgage loans. $7,087,648,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,935 $518,331 $267,871
    Nonfarm, nonresidential loans - <$100k 163 $6,900 $42,331
    Nonfarm, nonresidential loans - $100-250k 578 $75,152 $130,021
    Nonfarm, nonresidential loans - $250k-1MM 1,194 $436,279 $365,393
    Commercial & Industrial, US addressed loans - <$1MM 11,372 $928,414 $81,640
    Commercial & Industrial, US addressed loans - <$100k 6,804 $136,723 $20,095
    Commercial & Industrial, US addressed loans - $100-250k 2,323 $193,818 $83,434
    Commercial & Industrial, US addressed loans - $250k-1MM 2,245 $597,873 $266,313