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Variable Interest Entities (Tables)
 9 Months Ended
Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of LIHTC Investments and Commitments
The following table summarizes Webster's LIHTC investments and related unfunded commitments:
(In thousands)September 30, 2022December 31, 2021
Gross investment in LIHTC (1)
$707,619 $68,635 
Accumulated amortization(56,887)(25,216)
Net investment in LIHTC$650,732 $43,419 
Unfunded commitments for LIHTC investments (1)
$311,282 $11,106 
(1)In connection with the Sterling merger, Webster acquired $515.6 million of LIHTC investments and assumed $267.3 million of unfunded commitments for LIHTC investments on January 31, 2022.