BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2020

Components of Short-Term and Long Term Debt

The components of the Company's long-term debt are as follows (in thousands):

	December 31,
	2020		2019
Trust Preferred Securities:
Marquette Capital Trust I Subordinated Debentures 1.57% due 2036	$	17,553	$	17,195
Marquette Capital Trust II Subordinated Debentures 1.57% due 2036		18,149		17,814
Marquette Capital Trust III Subordinated Debentures 1.74% due 2036		7,139		7,008
Marquette Capital Trust IV Subordinated Debentures 1.82% due 2036		28,873		28,355
Subordinated notes 3.70% due 2030, net of issuance costs		197,881		—
Total long-term debt	$	269,595	$	70,372

Remaining Contractual Maturities Of Repurchase Agreements

The carrying amounts and market values of the securities and the related repurchase liabilities and weighted average interest rates of the repurchase liabilities (grouped by maturity of the repurchase agreements) were as follows as of December 31, 2020 and 2019 (in thousands):

	As of December 31, 2020
	Securities Fair Market Value		Repurchase Liabilities		Weighted Average Interest Rate
Maturity of the Repurchase Liabilities
2 to 29 days	$	1,625,230	$	1,759,559		0.34	%
30 to 90 Days		504,435		489,302		1.17
Over 90 Days		1,005		1,000		—
Total	$	2,130,670	$	2,249,861		0.52	%

	As of December 31, 2019
	Securities Fair Market Value		Repurchase Liabilities		Weighted Average Interest Rate
Maturity of the Repurchase Liabilities
2 to 29 days	$	1,772,820	$	1,753,870		1.44	%
30 to 90 Days		114,190		110,765		2.72
Total	$	1,887,010	$	1,864,635		1.52	%

Repurchase Agreements [Member]

Remaining Contractual Maturities Of Repurchase Agreements

The table below presents the remaining contractual maturities of repurchase agreements outstanding at December 31, 2020 and 2019, in addition to the various types of marketable securities that have been pledged as collateral for these borrowings (in thousands):

	As of December 31, 2020
	Remaining Contractual Maturities of the Agreements
	2-29 days		30-90 days		Over 90 Days		Total
Repurchase agreements, secured by:
U.S. Treasury	$	2,440	$	—	$	—	$	2,440
U.S. Agency		1,757,119		489,302		1,000		2,247,421
Total repurchase agreements	$	1,759,559	$	489,302	$	1,000	$	2,249,861

	As of December 31, 2019
	Remaining Contractual Maturities of the Agreements
	2-29 days		30-90 days		Total
Repurchase agreements, secured by:
U.S. Agency	$	1,753,870	$	110,765	$	1,864,635
Total repurchase agreements	$	1,753,870	$	110,765	$	1,864,635