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Concentrations And Restrictions On Cash And Cash Equivalents
12 Months Ended
Dec. 31, 2011
Concentrations And Restrictions On Cash And Cash Equivalents [Abstract]  
Concentrations And Restrictions On Cash And Cash Equivalents

NOTE 2: Concentrations and Restrictions on Cash and Cash Equivalents

The Company maintains deposits with other financial institutions in amounts that exceed federal deposit insurance coverage. Furthermore, federal funds sold are essentially uncollateralized loans to other financial institutions. Management regularly evaluates the credit risk associated with the counterparties to these transactions and believes the Company is not exposed to any significant credit risks on cash and cash equivalents. Interest-bearing deposits with other financial institutions were $96.1 million at December 31, 2011 compared to $52.8 million at December 31, 2010.

At December 31, 2011 and 2010, Webster was required by Federal Reserve Board regulations to maintain reserve balances of $46.2 million and $42.3 million, respectively, in cash on hand or at the Federal Reserve Bank. These deposits with the Federal Reserve Bank do not earn interest.