Parent Company Information Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Parent Company Information Balance Sheet

Financial information for the Parent Company only is presented in the following tables:

Condensed Balance Sheets
	At December 31,
(In thousands)	2012			2011
Assets:
Cash and due from banks	$	10,091		$	15,403
Interest-bearing deposits	220,110			196,029
Securities available for sale, at fair value	16,734			9,447
Investment in subsidiaries	2,057,350			1,976,900
Due to subsidiaries	(22		)	(32		)
Investments in private equity funds	11,623			12,843
Other assets	11,971			13,043
Total assets	$	2,327,857		$	2,223,633
Liabilities and shareholders’ equity:
Senior notes	$	154,170		$	157,296
Junior subordinated debt	77,320			213,146
Accrued interest payable	1,728			2,183
Other liabilities	1,109			5,234
Total liabilities	234,327			377,859
Shareholders’ equity	2,093,530			1,845,774
Total liabilities and shareholders’ equity	$	2,327,857		$	2,223,633

Schedule of Parent Company Information Income Statement

Condensed Statements of Income
	Years ended December 31,
(In thousands)	2012			2011			2010
Operating Income:
Interest on securities and interest-bearing deposits	$	634		$	562		$	1,434
Interest on loan	—			810			1,087
Provision for loan losses	—			136			(136		)
Loss on write-down of securities to fair value	—			—			(66		)
Net (loss) gain on trading securities	—			(1,799		)	12,045
Net gain on sale of investment securities	409			374			—
Private equities (loss) income	(720		)	1,605			2,079
Other non-interest income	157			149			5,206
Total operating income	480			1,837			21,649
Operating Expense:
Interest expense on borrowings	13,186			18,651			19,447
Loss on swap termination	—			16,223			—
Compensation and benefits	10,245			9,121			11,174
Other non-interest expense	5,746			5,766			6,059
Total operating expense	29,177			49,761			36,680
Loss before income tax benefit and equity in undistributed earnings of subsidiaries and associated companies	(28,697		)	(47,924		)	(15,031		)
Income tax benefit	10,107			18,481			8,061
Loss before equity in undistributed earnings of subsidiaries and associated companies	(18,590		)	(29,443		)	(6,970		)
Equity in undistributed earnings of subsidiaries and associated companies	192,287			178,827			79,131
Income from continuing operations	173,697			149,384			72,161
Income from discontinued operations, net of tax	—			1,995			94
Net income	$	173,697		$	151,379		$	72,255

Schedule of Parent Company Information Cash Flow

Condensed Statements of Cash Flows
	Years ended December 31,
(In thousands)	2012			2011			2010
Operating activities:
Net income attributable to Webster Financial Corporation	$	173,697		$	151,379		$	72,255
Income from discontinued operations, net of tax	—			1,995			94
Income from continuing operations	173,697			149,384			72,161
Adjustments to reconcile net income to net cash used for operating activities:
Equity in undistributed earnings of subsidiaries and associated companies	(192,287		)	(178,827		)	(79,131		)
Excess tax benefits from stock-based compensation	(812		)	(392		)	(92		)
Other, net	2,345			27,325			(30,163		)
Net cash used for operating activities	(17,057		)	(2,510		)	(37,225		)
Investing activities:
(Increase) decrease in interest-bearing deposits	(24,081		)	(120,133		)	400,688
Purchases of available for sale securities	(8,272		)	(3,714		)	(500		)
Proceeds from maturities and principal payments of available for sale securities	775			575			—
Proceeds from sale of available for sale securities	1,073			2,353			750
Net decrease in loan	—			13,000			—
Dividend from subsidiary	140,000			170,000			—
Capital contribution to subsidiary	—			—			(100,000		)
Net cash provided by investing activities	109,495			62,081			300,938
Financing activities:
Repayment of long-term debt	(136,070		)	(22,689		)	—
Preferred stock issued	122,710			—			—
Redemption of preferred stock	—			—			(400,000		)
Cash dividends paid to common shareholders	(30,667		)	(13,978		)	(3,133		)
Cash dividends paid to preferred shareholders	(2,460		)	(2,460		)	(17,223		)
Exercise of stock options	996			213			378
Excess tax benefits from stock-based compensation	812			392			92
Warburg investment	—			—			36,440
Common stock issued	560			689			118,359
Common stock repurchased	(53,243		)	(1,670		)	(1,654		)
Common stock warrants repurchased	(388		)	(16,285		)	—
Net cash used for financing activities	(97,750		)	(55,788		)	(266,741		)
Discontinued Operations:
Operating activities	—			1,995			94
Net cash provided by discontinued operations	—			1,995			94
(Decrease) increase in cash and due from banks	(5,312		)	5,778			(2,934		)
Cash and due from banks at beginning of year	15,403			9,625			12,559
Cash and due from banks at end of year	$	10,091		$	15,403		$	9,625