Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Net Investments

The following table summarizes the components of Webster's net investment in its direct financing leases:

	At December 31,
(In thousands)	2021		2020
Lease receivables	$	196,632	$	207,508
Unguaranteed residual values	19,748		28,609
Total net investment	$	216,380	$	236,117

Summary of Net Investment Maturity

The undiscounted scheduled maturities reconciled to the total net investment are as follows:

(In thousands)	At December 31, 2021
2022	$	68,008
2023	59,554
2024	39,325
2025	29,534
2026	21,687
Thereafter	16,636
Total lease payments receivable	234,744
Present value adjustment	(18,364)
Total net investment	$	216,380

Schedule of Components of Leveraged Lease Investments [Table Text Block]

The following table summarizes Webster's ROU lease assets and operating lease liabilities:

		At December 31,
(In thousands)	Consolidated Balance Sheet Line Item	2021		2020
ROU lease assets	Premises and equipment, net	$	119,926	$	127,481
Operating lease liabilities	Operating lease liabilities	144,804		158,280

Lease, Cost

The following table summarizes the components of operating lease expense and other relevant information:

	At or for the Years ended December 31,
(In thousands)	2021			2020			2019
Lease Cost:
Operating lease costs	$	26,076		$	30,339		$	29,908
Variable lease costs	4,860			5,577			4,889
Sublease income	(554)			(557)			(577)
Total operating lease expense	$	30,382		$	35,359		$	34,220
Other Information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	30,487		$	31,212		$	31,223
ROU lease assets obtained in exchange for operating lease liabilities	15,226			9,211			22,948
Weighted-average remaining lease term (years)	7.50			8.04			8.39
Weighted-average discount rate	3.04		%	3.19		%	3.31		%

Lessee, Operating Lease, Liability, Maturity

The undiscounted scheduled maturities reconciled to total operating lease liabilities are as follows:

(In thousands)	At December 31, 2021
2022	$	25,895
2023	26,539
2024	23,767
2025	21,792
2026	18,656
Thereafter	48,009
Total operating lease payments	164,658
Present value adjustment	(19,854)
Total operating lease liabilities	$	144,804