Parent Company Information (Tables)

12 Months Ended

Dec. 31, 2011

Parent Company Information [Abstract]

Components Of Condensed Balance Sheets The Parent Company

Condensed Balance Sheets
	At December 31,
(In thousands)	2011			2010(a)
Assets:
Cash and due from banks	$	15,403		$	9,625
Interest-bearing deposits		196,029			75,896
Trading securities, at fair value		—			11,554
Securities available for sale, at fair value		9,447			7,341
Loan		—			13,000
Allowance for loan losses		—			(136	)
Loan, net		—			12,864
Investment in subsidiaries		1,976,900			2,014,808
Due (to) from subsidiaries		(32	)		347
Direct investments		12,843			16,533
Other assets		13,043			26,563
Total assets	$	2,223,633		$	2,175,531
Liabilities and shareholders' equity:
Senior notes	$	157,296		$	160,421
Junior subordinated debt		213,146			235,790
Accrued interest payable		2,183			2,753
Other liabilities		5,234			7,332
Total liabilities		377,859			406,296
Shareholders' equity		1,845,774			1,769,235
Total liabilities and shareholders' equity	$	2,223,633		$	2,175,531

(a) Certain previously reported information has been corrected to reflect the deferment of certain commercial loan fees.

For more information refer to Note 1.

Components Of Condensed Income Statement The Parent Company

Condensed Statements of Operations
	Years ended December 31,
(In thousands)	2011			2010(a)			2009 (a)
Operating Income:
Interest on securities and interest-bearing deposits	$	562		$	1,434		$	3,747
Interest on loan		810			1,087			1,128
Provision for loan losses		136			(136	)		—
Loss on write-down of securities to fair value		—			(66	)		(3,544	)
Net (loss) gain on trading securities		(1,799	)		12,045			—
Net gain (loss) on sale of investment securities		374			—			(7,167	)
Direct investment income		1,605			2,079			487
Other non-interest income		149			5,206			26,504
Total operating income		1,837			21,649			21,155
Operating Expense:
Interest expense on borrowings		18,651			19,447			20,352
Loss on swap termination		16,223			—			—
Compensation and benefits		9,121			11,174			10,198
Other non-interest expense		5,766			6,059			5,621
Total operating expense		49,761			36,680			36,171
Loss before income tax benefit and equity in undistributed earnings of subsidiaries and associated companies		(47,924	)		(15,031	)		(15,016	)
Income tax benefit		18,481			8,061			1,388
Loss before equity in undistributed earnings of subsidiaries		(29,443	)		(6,970	)		(13,628	)
Equity in undistributed earnings of subsidiaries and associated companies		178,827			79,131			(63,583	)
Income (loss) from continuing operations		149,384			72,161			(77,211	)
Income from discontinued operations, net of tax		1,995			94			302
Net income (loss)	$	151,379		$	72,255		$	(76,909	)

(a) Certain previously reported information has been corrected to reflect the deferment of certain commercial loan fees. For more information refer to Note 1.

Components Of Condensed Cash Flow The Parent Company

Condensed Statements of Cash Flows
	Years ended December 31,
(In thousands)	2011			2010 (a)			2009 (a)
Operating activities:
Net income (loss) attributable to Webster Financial Corporation	$	151,379		$	72,255		$	(76,909	)
Income from discontinued operations, net of tax		1,995			94			302
Income (loss) from continuing operations		149,384			72,161			(77,211	)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Equity in undistributed earnings of subsidiaries and associated companies		(178,827	)		(79,131	)		63,583
Other, net		27,325			(30,163	)		21,818
Net cash (used for) provided by operating activities		(2,118	)		(37,133	)		8,190
Investing activities:
(Increase) decrease in interest-bearing deposits		(120,133	)		400,688			60,378
Purchases of available for sale securities		(3,714	)		(500	)		(100	)
Proceeds from maturities and principal payments of available for sale securities		575			—			—
Proceeds from sale of available for sale securities		2,353			750			17,371
Net decrease in loan		13,000			—			5,000
Dividend from subsidiary		170,000			—			—
Capital contribution to subsidiary		—			(100,000	)		(100,000	)
Net cash provided by (used for) investing activities		62,081			300,938			(17,351	)
Financing activities:
Repayment of other borrowings		—			—			(13,180	)
Repayment of long-term debt		(22,689	)		—			—
Redemption of preferred stock		—			(400,000	)		—
Conversion of Series A preferred stock		—			—			(60,935	)
Cash dividends paid to common shareholders		(13,978	)		(3,133	)		(2,443	)
Cash dividends paid to preferred shareholders		(2,460	)		(17,223	)		(31,670	)
Exercise of stock options		213			378			21
Warburg investment		—			36,440			116,187
Common stock issued		689			118,359			1,031
Common stock repurchased		(1,670	)		(1,654	)		(792	)
Common stock warrants repurchased		(16,285	)		—			—
Net cash (used for) provided by financing activities		(56,180	)		(266,833	)		8,219
Discontinued Operations:
Operating activities		1,995			94			302
Net cash provided by discontinued operations		1,995			94			302
Increase (decrease) in cash and due from banks		5,778			(2,934	)		(640	)
Cash and due from banks at beginning of year		9,625			12,559			13,199
Cash and due from banks at end of year	$	15,403		$	9,625		$	12,559

(a) Certain previously reported information has been corrected to reflect the deferment of certain commercial loan fees. For more information refer to Note 1.