Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Schedule Of Long-Term Debt

Long-term debt consists of the following:

(In thousands)	Maturity date	Stated interest rate		At September 30, 2012			At December 31, 2011
Senior fixed-rate notes	2014	5.125	%	$	150,000		$	150,000
Subordinated fixed-rate notes (a)	2013	5.875	%	102,579			177,480
Junior subordinated debt related to capital trusts:
Webster Capital Trust IV, fixed to floating-rate trust preferred securities (b)	2037	7.650	%	—			136,070
Webster Statutory Trust I, floating-rate notes (c)	2033	3.339	%	77,320			77,320
Total junior subordinated debt				77,320			213,390
Total notes and subordinated debt				329,899			540,870
Unamortized discount, net				(111		)	(192		)
Hedge accounting adjustments				5,890			11,911
Total long-term debt				$	335,678		$	552,589

(a) The Bank completed the purchase of $74.9 million principal amount of subordinated fixed-rate notes on February 8, 2012 pursuant to a tender offer. The aggregate consideration for the notes accepted under the tender offer, including accrued and unpaid interest, of $77.8 million was paid from cash on hand.

(b) Webster Financial Corporation completed the redemption at par of all the $136.1 million outstanding principal amount of Webster Capital Trust IV 7.65% fixed to floating-rate trust preferred securities on July 18, 2012. The aggregate consideration for the securities, including accrued and unpaid interest, of $137.0 million was paid from cash on hand.

(c) The interest rate on Webster Statutory Trust I floating-rate notes, which varies quarterly based on 3-month LIBOR plus 2.95%, was 3.339% at September 30, 2012 and 3.502% at December 31, 2011.