Webster Bank Mortgage Rates, Fees & Info

Waterbury, CT

LEI: WV0OVGBTLUP1XIUJE722

Tax ID: 06-0273620

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Webster Bank is a small 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, Bridgeport, New York, Hartford, and Providence among others. We have data for 61 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.06% 4/22/24
    30 Year Conventional Purchase 6.01% 4/22/24
    30 Year Conventional Refi 6.31% 4/22/24
    30 Year Cash-out Refi 6.22% 4/22/24
    30 Year FHA Purchase 6.82% 4/22/24
    30 Year FHA Refi 6.27% 4/22/24
    30 Year VA Purchase 6.27% 4/22/24
    15 Year Conventional Purchase 5.75% 4/22/24
    15 Year Conventional Refi 6.03% 4/22/24
    15 Year Cash-out Refi 6.03% 4/22/24
    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.

    Webster Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Webster Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    7,291

    Origination Dollar Volume (All Markets)

    $2,582,845,000

    Employee count

    3,273

    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) 1,180 $713,710,000 $604,839 $4,553 3.41%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 992 $436,780,000 $440,302 $4,939 3.49%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 622 $369,330,000 $593,778 $6,587 3.59%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1,659 $296,265,000 $178,580 $3,305 3.64%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1,024 $243,110,000 $237,412 $3,653 3.51%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 887 $155,385,000 $175,180 $3,434 3.64%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 32 $105,200,000 $3,287,500 $7,576 3.35%
    Torrington, CT (FHA|USDA|VA) 426 $78,730,000 $184,812 $3,508 3.66%
    WORCESTER, MA-CT (FHA|USDA|VA) 105 $36,815,000 $350,619 $4,255 3.46%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 54 $28,820,000 $533,704 $4,341 3.31%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 92 $24,320,000 $264,348 $4,189 3.47%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 8 $13,070,000 $1,633,750 $5,644 3.49%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $11,005,000 $11,005,000 $0 3.46%
    SPRINGFIELD, MA (FHA|USDA|VA) 53 $10,075,000 $190,094 $2,207 3.41%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $7,795,000 $519,667 $6,146 3.73%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 31 $7,765,000 $250,484 $5,983 3.51%
    Outside of Metro Areas 16 $6,770,000 $423,125 $4,731 3.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $4,870,000 $1,217,500 $11,276 3.03%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $3,000,000 $750,000 $5,509 3.09%
    Vineyard Haven, MA (FHA|USDA|VA) 7 $2,235,000 $319,286 $2,415 3.83%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $2,055,000 $411,000 $4,458 3.18%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $2,045,000 $409,000 $8,686 3.47%
    Heber, UT (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $5,612 2.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $5,973 2.63%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $1,595,000 $531,667 $9,417 3.50%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,475,000 $491,667 $5,680 3.62%
    Lebanon, NH-VT (FHA|USDA|VA) 6 $1,280,000 $213,333 $4,761 3.08%
    PITTSFIELD, MA (FHA|USDA|VA) 4 $1,240,000 $310,000 $2,738 3.90%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,155,000 $385,000 $6,487 3.38%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $1,140,000 $570,000 $4,502 3.63%
    Concord, NH (FHA|USDA|VA) 3 $1,085,000 $361,667 $2,502 3.08%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $970,000 $485,000 $3,111 3.25%
    KINGSTON, NY (FHA|USDA|VA) 1 $775,000 $775,000 $7,361 3.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $725,000 $241,667 $4,396 3.29%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $715,000 $715,000 $9,628 3.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $640,000 $160,000 $4,872 3.62%
    LANCASTER, PA (FHA|USDA|VA) 1 $605,000 $605,000 $16,670 3.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $595,000 $198,333 $4,046 2.92%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $590,000 $295,000 $8,229 3.25%
    Hudson, NY (FHA|USDA|VA) 1 $585,000 $585,000 $4,265 3.63%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $565,000 $565,000 $5,642 3.50%
    Laconia, NH (FHA|USDA|VA) 1 $555,000 $555,000 $4,453 3.38%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $540,000 $270,000 $6,511 3.06%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $2,743 4.12%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $335,000 $335,000 $7,596 3.00%
    Rutland, VT (FHA|USDA|VA) 1 $315,000 $315,000 $4,957 3.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $295,000 $98,333 $2,426 3.04%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $245,000 $245,000 $4,766 3.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $5,301 2.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $235,000 $235,000 $3,183 3.38%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,521 3.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $7,593 3.00%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $175,000 $175,000 $4,893 2.63%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,061 2.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,305 2.75%
    Berlin, NH (FHA|USDA|VA) 1 $145,000 $145,000 $4,576 3.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $135,000 $135,000 $4,663 2.88%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.63%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,809 3.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $65,000 $65,000 $633 3.99%
    ROCHESTER, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.74%
    Webster Bank's top markets include Boston, Bridgeport, New York, Hartford, and Providence among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Webster Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The First National Bank of Long Island
    Similarity Rank: 134
    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    North Jersey Federal Credit Union
    Similarity Rank: 247
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Stafford Savings Bank
    Similarity Rank: 266
    Piscataqua Savings Bank
    Similarity Rank: 310
    Princeton Federal Credit Union
    Similarity Rank: 450
    N C P D Federal Credit Union
    Similarity Rank: 482

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,744 $2,221,620,000 $468,301 $4,199 3.26%
    HELOC 2,523 $356,355,000 $141,243 n/a 4.08%
    FHA 22 $4,430,000 $201,364 $8,006 3.11%
    VA 2 $440,000 $220,000 $4,576 3.25%

    For 2020, Webster Bank's most frequently originated type of loan was Conventional, with 4,744 originations. Their 2nd most popular type was HELOC, with 2,523 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,356 $1,182,780,000 $352,437 $3,265 3.38%
    Home Purchase 1,544 $963,970,000 $624,333 $5,765 3.33%
    Home Improvement 989 $120,395,000 $121,734 $1,556 4.21%
    Other 775 $105,275,000 $135,839 $1,654 4.19%
    Cash Out Refi 627 $210,425,000 $335,606 $5,587 3.13%

    For 2020, Webster Bank's most frequently cited loan purpose was Refi, with 3,356 originations. The 2nd most popular reason was Home Purchase, with 1,544 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,415 $1,882,775,000 $347,696 $4,988 3.66%
    15 Year 922 $208,850,000 $226,518 $2,965 3.03%
    20 Year 420 $107,540,000 $256,048 $3,342 3.42%
    10 Year 336 $142,380,000 $423,750 $1,595 3.29%
    30+ year 90 $74,770,000 $830,778 $6,552 3.30%
    Other 57 $81,225,000 $1,425,000 $2,907 3.63%
    5 Year 49 $61,495,000 $1,255,000 $404 3.51%
    3 Year 2 $23,810,000 $11,905,000 $0 3.51%

    For 2020, Webster Bank's most frequently cited loan duration was 30 Year, with 5,415 originations. The 2nd most popular length was 15 Year, with 922 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,617 $1,193,785,000 $330,048
    $1k-2k 841 $684,625,000 $814,061
    $2k-3k 20 $13,590,000 $679,500
    $3k-4k 9 $7,245,000 $805,000
    $5k+ 6 $4,880,000 $813,333
    $4k-5k 5 $4,145,000 $829,000

    Webster Bank's average total fees were $4,988, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,617 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,609 $1,481,755,000 $410,572
    2.5-3% 1,928 $806,500,000 $418,309
    4-5% 960 $119,970,000 $124,969
    5-6% 366 $34,950,000 $95,492
    <2.5% 335 $135,345,000 $404,015
    6-7% 83 $3,905,000 $47,048
    7-8% 9 $385,000 $42,778
    Over 8% 1 $35,000 $35,000

    During 2020, Webster Bank's average interest rate for loans was 3.66%, while their most frequently originated rate bucket for loans was 3-4%, with 3,609 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,875 $267,115,000 $142,461 $2,862 3.53%
    $200k-400k 1,855 $500,175,000 $269,636 $4,594 3.25%
    $100,000 or less 1,573 $91,395,000 $58,102 $863 4.32%
    $600k-1MM 974 $750,660,000 $770,698 $5,509 3.26%
    $400k-600k 716 $359,200,000 $501,676 $5,179 3.25%
    $1MM+ 298 $614,300,000 $2,061,409 $7,139 3.08%

    2020 saw Webster Bank place emphasis on $100k-200k loans with 1,875 originations, totaling $267,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,858 $656,070,000 $353,105 $4,553 3.50%
    $250k+ 1,633 $1,017,655,000 $623,181 $5,392 3.38%
    $100k-150k 1,378 $284,660,000 $206,575 $3,881 3.61%
    $75k-100k 838 $136,810,000 $163,258 $3,397 3.67%
    $50k-75k 800 $105,560,000 $131,950 $2,968 3.70%
    $50k or less 420 $38,850,000 $92,500 $2,110 3.84%

    Webster Bank lent most frequently to those with incomes in the $150k-250k range, with 1,858 originations. The second most popular income band? $250k+, with 1,633 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,024 $718,780,000 $355,128 $4,260 3.46%
    30-36% 1,375 $499,515,000 $363,284 $4,471 3.47%
    <20% 784 $244,930,000 $312,411 $3,740 3.38%
    50-60% 307 $41,295,000 $134,511 $2,906 4.06%
    36% 241 $88,135,000 $365,705 $4,587 3.48%
    40% 238 $78,600,000 $330,252 $4,748 3.59%
    49% 231 $38,635,000 $167,251 $1,839 3.87%
    37% 227 $89,665,000 $395,000 $4,865 3.53%
    42% 220 $75,650,000 $343,864 $4,728 3.65%
    44% 219 $63,515,000 $290,023 $4,401 3.74%
    39% 214 $75,810,000 $354,252 $4,610 3.48%
    38% 207 $79,635,000 $384,710 $4,400 3.50%
    41% 205 $67,765,000 $330,561 $4,457 3.63%
    43% 180 $48,570,000 $269,833 $4,113 3.59%
    45% 131 $23,505,000 $179,427 $3,016 3.74%
    46% 117 $20,255,000 $173,120 $2,898 3.82%
    48% 116 $20,700,000 $178,448 $2,427 3.91%
    47% 109 $19,595,000 $179,771 $2,978 3.66%

    Webster Bank lent most frequently to those with DTI ratios of 20-30%, with 2,024 originations. The next most common DTI ratio? 30-36%, with 1,375 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,881 $1,813,535,000 $308,372 $4,172 3.56%
    Not provided 812 $318,500,000 $392,241 $4,450 3.44%
    Not applicable 134 $286,070,000 $2,134,851 $0 3.57%
    Asian 299 $128,195,000 $428,746 $4,661 3.35%
    Black 140 $32,060,000 $229,000 $3,925 3.71%
    American Indian 18 $3,540,000 $196,667 $3,206 4.10%
    Native Hawaiian or Islander 7 $945,000 $135,000 $1,460 3.92%

    Approval Rates

    Total approvals of all applications
    81.01%

    Webster Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.45%

    Webster Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,291 $2,582,845,000 $354,251

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 69 $242,655,000 $3,516,739
    Single Family (1-4 Units):Site-Built 7,222 $2,340,190,000 $324,036

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,337 $222,575,000 $166,473 $2,039 3.76%
    40-60% 1,243 $499,945,000 $402,208 $3,428 3.30%
    60-80% 2,482 $1,249,360,000 $503,368 $4,840 3.26%
    80-100% 1,005 $504,275,000 $501,766 $5,490 3.28%
    Over 100% 2 $9,950,000 $4,975,000 $0 2.38%
    Under 20% 1,222 $96,740,000 $79,165 $655 4.35%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    WEBSTER BANK, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 31.3%
    WEBSTER BANK, NATIONAL ASSOCIATION Conventional home mortgage Incorrect information on your report 1 6.3%
    WEBSTER BANK, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 2 12.5%
    WEBSTER BANK, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 1 6.3%
    WEBSTER BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    WEBSTER BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 6.3%
    WEBSTER BANK, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 2 12.5%
    WEBSTER BANK, NATIONAL ASSOCIATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 12.5%
    WEBSTER BANK, NATIONAL ASSOCIATION Other type of mortgage Struggling to pay mortgage 1 6.3%

    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 $31,631
    Webster Bank, National Association 1 Brush Hill Road New Fairfield, CT 6812 Full Service B&M $55,301
    Webster Bank, National Association 1 Royce Circle Suite 102 Storrs, CT 6268 Full Service B&M $18,299
    Webster Bank, National Association 1 South Main Street Branford, CT 6405 Full Service B&M $142,071
    Webster Bank, National Association 100 Binney Street Cambridge, MA 2139 Full Service B&M $20,101
    Webster Bank, National Association 100 Broad Street Milford, CT 6460 Full Service B&M $154,079
    Webster Bank, National Association 100 Cambridge Street Boston, MA 2114 Full Service B&M $25,690
    Webster Bank, National Association 100 Franklin Street Boston, MA 2110 Full Service B&M $860,735
    Webster Bank, National Association 100 Main Street North Southbury, CT 6488 Full Service B&M $119,155
    Webster Bank, National Association 100 Westminster St. Providence, RI 2903 Full Service B&M $79,834
    Webster Bank, National Association 1000 Grand Army Hwy Somerset, MA 2726 Full Service B&M $101,142
    Webster Bank, National Association 1000 Highland Ave Needham, MA 2494 Full Service B&M $62,091
    Webster Bank, National Association 1039 Silas Deane Highway Wethersfield, CT 6109 Full Service B&M $184,225
    Webster Bank, National Association 1041 Main Street Manchester, CT 6040 Full Service B&M $188,375
    Webster Bank, National Association 1041 Ten Rod Rd North Kingstown, RI 2852 Full Service B&M $31,853
    Webster Bank, National Association 1069 Boston Post Road Guilford, CT 6437 Full Service B&M $122,269
    Webster Bank, National Association 108 Farmington Avenue Hartford, CT 6105 Full Service B&M $44,551
    Webster Bank, National Association 1085 Main Street East Hartford, CT 6108 Full Service B&M $86,989
    Webster Bank, National Association 1101 Boston Post Rd Darien, CT 6820 Full Service B&M $44,787
    Webster Bank, National Association 1114 New Britain Avenue West Hartford, CT 6110 Full Service B&M $119,972
    Webster Bank, National Association 1120 Main Street Newington, CT 6111 Full Service B&M $124,333
    Webster Bank, National Association 1177 Post Road Fairfield, CT 6824 Full Service B&M $62,740
    Webster Bank, National Association 1180 East Main Street Torrington, CT 6790 Full Service B&M $145,560
    Webster Bank, National Association 1215 Park Ave. Cranston, RI 2910 Full Service B&M $75,455
    Webster Bank, National Association 1265 Boston Post Road Mamaroneck, NY 10543 Full Service B&M $49,961
    Webster Bank, National Association 130 Westbrook Road Essex, CT 6426 Full Service B&M $85,257
    Webster Bank, National Association 132 Main Street Southington, CT 6489 Full Service B&M $107,509
    Webster Bank, National Association 1365 Washington Street Boston, MA 2118 Full Service B&M $19,292
    Webster Bank, National Association 1367 - 1375 Boylston Street Boston, MA 2115 Full Service B&M $6,354
    Webster Bank, National Association 1376 Bald Hill Road Warwick, RI 2886 Full Service B&M $87,006
    Webster Bank, National Association 14 Danbury Road Ridgefield, CT 6877 Full Service B&M $113,558
    Webster Bank, National Association 141 Hebron Drive Glastonbury, CT 6033 Full Service B&M $193,954
    Webster Bank, National Association 145 Highland Avenue Maplecroft Plaza Cheshire, CT 6410 Full Service B&M $134,433
    Webster Bank, National Association 1450 Plymouth Avenue Fall River, MA 2721 Full Service B&M $61,336
    Webster Bank, National Association 146 Mamaroneck Avenue White Plains, NY 10601 Full Service B&M $84,294
    Webster Bank, National Association 1491 Silver Lane East Hartford, CT 6108 Full Service B&M $71,679
    Webster Bank, National Association 15 New Haven Road Seymour, CT 6483 Full Service B&M $76,529
    Webster Bank, National Association 150 Main Street Bristol, CT 6010 Full Service B&M $156,217
    Webster Bank, National Association 1519 Newman Avenue Seekonk, MA 2771 Full Service B&M $82,817
    Webster Bank, National Association 155 Main Street Thomaston, CT 6787 Full Service B&M $59,432
    Webster Bank, National Association 169 Danbury Rd New Milford, CT 6776 Full Service B&M $64,916
    Webster Bank, National Association 1695 Ellington Rd South Windsor, CT 6074 Full Service B&M $176,699
    Webster Bank, National Association 17 Popham Rd Scarsdale, NY 10583 Full Service B&M $66,483
    Webster Bank, National Association 176 Broad Street Windsor, CT 6095 Full Service B&M $162,994
    Webster Bank, National Association 1815 Massachusetts Ave Cambridge, MA 2140 Full Service B&M $13,368
    Webster Bank, National Association 185 Asylum Street Hartford, CT 6103 Full Service B&M $123,196
    Webster Bank, National Association 1919 Black Rock Turnpike Fairfield, CT 6825 Full Service B&M $63,459
    Webster Bank, National Association 192 Westport Av Norwalk, CT 6851 Full Service B&M $81,228
    Webster Bank, National Association 1959 Summer St. Stamford, CT 6905 Full Service B&M $73,034
    Webster Bank, National Association 2 Daniels Farm Rd. Trumbull, CT 6611 Full Service B&M $61,649
    Webster Bank, National Association 2 High Street Farmington, CT 6032 Full Service B&M $114,500
    Webster Bank, National Association 2 North Road East Windsor, CT 6088 Full Service B&M $101,131
    Webster Bank, National Association 2 River Street New Rochelle, NY 10801 Full Service B&M $53,492
    Webster Bank, National Association 2 Washington Street Taunton, MA 2780 Full Service B&M $123,547
    Webster Bank, National Association 200 College St New Haven, CT 6510 Full Service B&M $138,834
    Webster Bank, National Association 200 Division Street Ansonia, CT 6401 Full Service B&M $113,258
    Webster Bank, National Association 200 New Hartford Rd Winsted, CT 6098 Full Service B&M $44,481
    Webster Bank, National Association 2100 Poquonock Avenue Windsor, CT 6095 Full Service B&M $101,680
    Webster Bank, National Association 2143 Central Park Avenue Yonkers, NY 10710 Full Service B&M $63,584
    Webster Bank, National Association 219 Town Green Wilton, CT 6897 Full Service B&M $105,137
    Webster Bank, National Association 220 Albany Turnpike Canton, CT 6019 Full Service B&M $79,757
    Webster Bank, National Association 220 Oak Street Brockton, MA 2301 Full Service B&M $31,041
    Webster Bank, National Association 244 Post Road East Westport, CT 6880 Full Service B&M $83,483
    Webster Bank, National Association 247 Boston Post Road Orange, CT 6477 Full Service B&M $128,663
    Webster Bank, National Association 25 Stuart Street Boston, MA 2116 Full Service B&M $17,183
    Webster Bank, National Association 260 Main Street East Haven, CT 6512 Full Service B&M $88,945
    Webster Bank, National Association 262 County Road Barrington, RI 2806 Full Service B&M $59,281
    Webster Bank, National Association 265 Newport Avenue Pawtucket, RI 2861 Full Service B&M $50,315
    Webster Bank, National Association 27 Park Street Attleboro, MA 2703 Full Service B&M $91,267
    Webster Bank, National Association 28 County Road Mattapoisett, MA 2739 Full Service B&M $44,614
    Webster Bank, National Association 28 Durham Road (Route 79) Madison, CT 6443 Full Service B&M $71,622
    Webster Bank, National Association 2855 Dixwell Avenue Hamden, CT 6518 Full Service B&M $152,127
    Webster Bank, National Association 297 Harvard Street Brookline, MA 2446 Full Service B&M $48,210
    Webster Bank, National Association 301 Main Street Danbury, CT 6810 Full Service B&M $125,119
    Webster Bank, National Association 31 Waltham Street Lexington, MA 2421 Full Service B&M $89,331
    Webster Bank, National Association 311 West Street Litchfield, CT 6759 Full Service B&M $83,694
    Webster Bank, National Association 3180 Berlin Turnpike Newington, CT 6111 Full Service B&M $107,242
    Webster Bank, National Association 319 Cottage Grove Road Bloomfield, CT 6002 Full Service B&M $127,615
    Webster Bank, National Association 324 Franklin Avenue Hartford, CT 6114 Full Service B&M $43,915
    Webster Bank, National Association 326 Highland Avenue Waterbury, CT 6708 Full Service B&M $52,829
    Webster Bank, National Association 33 Sullivan Drive Fall River, MA 2721 Full Service B&M $79,997
    Webster Bank, National Association 346 Main Street Kensington, CT 6037 Full Service B&M $155,347
    Webster Bank, National Association 3546 Main Street Bridgeport, CT 6606 Full Service B&M $31,223
    Webster Bank, National Association 359 Queen Street Southington, CT 6489 Full Service B&M $85,827
    Webster Bank, National Association 363 Main Street Middletown, CT 6457 Full Service B&M $73,700
    Webster Bank, National Association 364 Reidville Drive Waterbury, CT 6705 Full Service B&M $79,881
    Webster Bank, National Association 375 Bridgeport Avenue Shelton, CT 6484 Full Service B&M $93,616
    Webster Bank, National Association 377 Cromwell Avenue Rocky Hill, CT 6067 Full Service B&M $170,858
    Webster Bank, National Association 392 West Main Street Avon, CT 6001 Full Service B&M $134,146
    Webster Bank, National Association 40 Webster Square Place Berlin, CT 6037 Full Service B&M $128,837
    Webster Bank, National Association 400 Middlebury Road Middlebury, CT 6762 Full Service B&M $77,471
    Webster Bank, National Association 402 Connecticut Ave Norwalk, CT 6854 Full Service B&M $75,564
    Webster Bank, National Association 45 Waterbury Road Prospect, CT 6712 Full Service B&M $104,822
    Webster Bank, National Association 450 Barnum Avenue Stratford, CT 6614 Full Service B&M $84,427
    Webster Bank, National Association 450 Main Street New Britain, CT 6051 Full Service B&M $234,132
    Webster Bank, National Association 475 Hancock Street Quincy, MA 2171 Full Service B&M $33,469
    Webster Bank, National Association 475 Talcottville Road Vernon, CT 6066 Full Service B&M $92,405
    Webster Bank, National Association 491 Boylston Street Boston, MA 2116 Full Service B&M $17,185
    Webster Bank, National Association 495 Monroe Tpk Monroe, CT 6468 Full Service B&M $56,266
    Webster Bank, National Association 495 Union Street, Brass Mill Center Waterbury, CT 6706 Full Service B&M $22,517
    Webster Bank, National Association 5 Coles Road Cromwell, CT 6416 Full Service B&M $127,404
    Webster Bank, National Association 5 Helen Street Hamden, CT 6514 Full Service B&M $69,777
    Webster Bank, National Association 5 Wigwam Avenue Waterbury, CT 6704 Full Service B&M $79,575
    Webster Bank, National Association 50 Freshwater Boulevard Enfield, CT 6082 Full Service B&M $141,442
    Webster Bank, National Association 50 North Main Street, Route 7 Kent, CT 6757 Full Service B&M $43,160
    Webster Bank, National Association 500 New Haven Ave. Derby, CT 6418 Full Service B&M $111,545
    Webster Bank, National Association 502 Howe Avenue Shelton, CT 6484 Full Service B&M $84,009
    Webster Bank, National Association 506 Shelton Avenue Shelton, CT 6484 Full Service B&M $105,214
    Webster Bank, National Association 51 East Main Street Plainville, CT 6062 Full Service B&M $128,356
    Webster Bank, National Association 53 Main Street New Milford, CT 6776 Full Service B&M $150,601
    Webster Bank, National Association 544 Straits Turnpike Watertown, CT 6795 Full Service B&M $111,166
    Webster Bank, National Association 545 Pleasant Street New Bedford, MA 2740 Full Service B&M $61,309
    Webster Bank, National Association 553 Farmington Avenue New Britain, CT 6053 Full Service B&M $104,743
    Webster Bank, National Association 563 Main St. East Greenwich, RI 2818 Full Service B&M $31,062
    Webster Bank, National Association 575 Farmington Ave Bristol, CT 6010 Full Service B&M $288,864
    Webster Bank, National Association 584 Campbell Avenue West Haven, CT 6516 Full Service B&M $57,677
    Webster Bank, National Association 6 Gay Street Sharon, CT 6069 Full Service B&M $49,777
    Webster Bank, National Association 60 Oxford Road Oxford, CT 6478 Full Service B&M $78,733
    Webster Bank, National Association 637 Main Street Somers, CT 6071 Full Service B&M $53,602
    Webster Bank, National Association 64 South Main Street Wallingford, CT 6492 Full Service B&M $162,167
    Webster Bank, National Association 65 Lasalle Road West Hartford, CT 6107 Full Service B&M $248,312
    Webster Bank, National Association 652 East Main Street Meriden, CT 6450 Full Service B&M $60,114
    Webster Bank, National Association 66 North Main Street Suffield, CT 6078 Full Service B&M $97,855
    Webster Bank, National Association 665 West Main Street New Britain, CT 6053 Full Service B&M $116,117
    Webster Bank, National Association 680 Park Street Hartford, CT 6106 Full Service B&M $21,649
    Webster Bank, National Association 686 Dartmouth Street South Dartmouth, MA 2748 Full Service B&M $62,974
    Webster Bank, National Association 696 Amity Road Bethany, CT 6524 Full Service B&M $43,995
    Webster Bank, National Association 7 Halls Road Old Lyme, CT 6371 Full Service B&M $59,774
    Webster Bank, National Association 70 Summer Street Boston, MA 2110 Full Service B&M $26,509
    Webster Bank, National Association 70 Washington Avenue North Haven, CT 6473 Full Service B&M $152,008
    Webster Bank, National Association 700 Washington Street Stoughton, MA 2072 Full Service B&M $45,609
    Webster Bank, National Association 708 Hopemeadow St Simsbury, CT 6070 Full Service B&M $105,413
    Webster Bank, National Association 710 Wolcott Road Wolcott, CT 6716 Full Service B&M $107,910
    Webster Bank, National Association 712 Main Street Watertown, CT 6795 Full Service B&M $119,700
    Webster Bank, National Association 716 Aquidneck Ave. Middletown, RI 2842 Full Service B&M $38,763
    Webster Bank, National Association 719 Belmont Street Brockton, MA 2301 Full Service B&M $110,559
    Webster Bank, National Association 72 Purchase Street Rye, NY 10580 Full Service B&M $58,157
    Webster Bank, National Association 723 Boston Post Road Old Saybrook, CT 6475 Full Service B&M $55,414
    Webster Bank, National Association 725 Wolcott Street Waterbury, CT 6705 Full Service B&M $56,485
    Webster Bank, National Association 733 Rubber Avenue Naugatuck, CT 6770 Full Service B&M $46,534
    Webster Bank, National Association 741 Willett Avenue Riverside, RI 2915 Full Service B&M $95,057
    Webster Bank, National Association 75 Park Road West Hartford, CT 6119 Full Service B&M $83,755
    Webster Bank, National Association 760 Mclean Ave Yonkers, NY 10704 Full Service B&M $93,086
    Webster Bank, National Association 760 Washington Blvd Stamford, CT 6901 Full Service B&M $15,627
    Webster Bank, National Association 774 North Main Street West Hartford, CT 6117 Limited, Drive-thru $154,225
    Webster Bank, National Association 789 Federal Road Brookfield, CT 6804 Full Service B&M $94,714
    Webster Bank, National Association 792 Beacon Street Newton, MA 2459 Full Service B&M $37,166
    Webster Bank, National Association 797 Pine Street Forestville, CT 6010 Full Service B&M $133,266
    Webster Bank, National Association 83 Newtown Rd Danbury, CT 6810 Full Service B&M $63,642
    Webster Bank, National Association 84 Central Street Wellesley, MA 2482 Full Service B&M $35,314
    Webster Bank, National Association 85 Mason St. Greenwich, CT 6830 Full Service B&M $40,291
    Webster Bank, National Association 894 Whalley Avenue New Haven, CT 6515 Full Service B&M $52,646
    Webster Bank, National Association 975 Ashley Boulevard New Bedford, MA 2745 Full Service B&M $108,045
    Webster Bank, National Association 975 South Main Street Cheshire, CT 6410 Full Service B&M $92,043
    Webster Bank, National Association One North Riverside Ave Terryville, CT 6786 Full Service B&M $92,013
    Webster Bank, National Association Routes 37 And 39 Sherman, CT 6784 Full Service B&M $64,875
    Webster Bank, National Association Webster Plaza Waterbury, CT 6702 Full Service B&M $12,187,156

    For 2020, Webster Bank had 157 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $1,005,776
    Net interest income $911,516
    Total noninterest income $279,313
    Gross Fiduciary activities income $9,182
    Service charges on deposit accounts $82,673
    Trading account gains and fees $8,197
    Additional Noninterest Income $179,261
    Pre-tax net operating income $309,750
    Securities gains (or losses, -) $8
    Income before extraordinary items $245,256
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $245,256
    Minority interest net income $0
    Net income $245,256
    Sale, conversion, retirement of capital stock, net $11,557
    Net operating income $245,249

    Webster Bank's gross interest income from loans was $1,005,776,000.
    Webster Bank's net interest income from loans was $911,516,000.
    Webster Bank's fee based income from loans was $82,673,000.
    Webster Bank's net income from loans was $245,256,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $94,260
    Provision for credit losses $137,750
    Total noninterest expense $743,329
    Salaries and employee benefits $426,781
    Premises and equipment expense $152,945
    Additional noninterest expense $163,603
    Applicable income taxes $64,502
    Net charge-offs $45,081
    Cash dividends $20,000

    Webster Bank's interest expense for loans was $94,260,000.
    Webster Bank's payroll and benefits expense were $426,781,000.
    Webster Bank's property, plant and equipment expenses $152,945,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $27,644,391
    Deposits held in domestic offices $27,488,071
    Deposits by Individuals, partnerships, and corporations $24,418,062
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $3,038,808
    Deposits by Commercial banks and other depository institutions in U.S. $31,198
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,955,247
    Demand deposits $1,205,209
    Nontransaction accounts $25,532,824
    Money market deposit accounts (MMDAs) $11,638,026
    Other savings deposits (excluding MMDAs) $11,513,301
    Total time deposits $2,381,497
    Total time and savings deposits $26,282,862
    Noninterest-bearing deposits $6,294,902
    Interest-bearing deposits $21,193,169
    Retail deposits $26,283,107
    IRAs and Keogh plan accounts $363,292
    Brokered deposits $720,440
    Deposits held in foreign offices $156,320

    Assets

    Asset Value (in 000's)
    Total Assets $32,623,400
    Cash & Balances due from depository institutions $262,719
    Interest-bearing balances $130,184
    Total securities $8,894,665
    Federal funds sold & reverse repurchase $385
    Net loans and leases $21,300,514
    Loan and leases loss allowance $359,431
    Trading account assets $291,436
    Bank premises and fixed assets $226,743
    Other real estate owned $2,134
    Goodwill and other intangibles $574,177
    All other assets $1,070,627

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $32,623,400
    Total Liabilities $29,284,685
    Total deposits $27,644,391
    Interest-bearing deposits $21,349,489
    Deposits held in domestic offices $27,488,071
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $995,354
    Trading liabilities $347
    Other borrowed funds $284,784
    Subordinated debt $0
    All other liabilities $359,809

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $21,300,514
    Loan and leases loss allowance $359,431
    Total loans and leases (domestic) $21,659,945
    All real estate loans $13,009,841
    Real estate loans in domestic offices $13,009,841
    Construction and development loans $525,003
    Residential 1-4 family construction $70,068
    Other construction, all land development and other land $454,935
    Loans secured by nonfarm nonresidential properties $4,812,757
    Nonfarm nonresidential secured by owner-occupied properties $1,327,936
    Commercial real estate & other non-farm, non-residential $3,484,821
    Multifamily residential real estate $970,881
    1-4 family residential loans $6,701,159
    Farmland loans $41
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,457,687
    To non-U.S. addressees $15,335
    Loans to individuals $155,348
    Credit card loans $0
    Related Plans $23,691
    Consumer Auto Loans $0
    Other loans to individuals $131,657
    All other loans & leases $1,037,069
    Loans to foreign governments and official institutions $0
    Other loans $370,329
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $81,855
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $136,090
    Non 1-4 family restructured loans & leases $67,879
    Total loans and leases (foreign) $0

    Webster Bank had $21,300,514,000 of loans outstanding in 2020. $13,009,841,000 of loans were in real estate loans. $525,003,000 of loans were in development loans. $970,881,000 of loans were in multifamily mortgage loans. $6,701,159,000 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 1,967 $508,988 $258,764
    Nonfarm, nonresidential loans - <$100k 183 $7,985 $43,634
    Nonfarm, nonresidential loans - $100-250k 620 $80,798 $130,319
    Nonfarm, nonresidential loans - $250k-1MM 1,164 $420,205 $361,001
    Commercial & Industrial, US addressed loans - <$1MM 18,649 $1,463,795 $78,492
    Commercial & Industrial, US addressed loans - <$100k 13,296 $347,717 $26,152
    Commercial & Industrial, US addressed loans - $100-250k 3,006 $349,576 $116,293
    Commercial & Industrial, US addressed loans - $250k-1MM 2,347 $766,502 $326,588
    Farmland loans - <$1MM 1 $41 $41,000
    Farmland loans - <$100k 1 $41 $41,000