Borrowings (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Short Term Borrowings

Short-term debt at December 31, 2014 and 2013 was as follows:

	December 31,
	2014				2013
	Amount		Rate		Amount		Rate
(amounts in thousands)
FHLB advances	$	1,298,000	0.29	%	$	611,500	0.26	%
Federal funds purchased	—		—		13,000		0.48
Total short-term debt	$	1,298,000			$	624,500

Summary of Bancorps Short Term Borrowings

The following is a summary of additional information relating to the Bancorp’s short-term debt:

	December 31,
	2014			2013			2012
(amounts in thousands)
FHLB advances:
Maximum outstanding at any month end	$	1,383,000		$	769,750		$	411,000
Average balance during the year	898,396			120,309			74,336
Weighted-average interest rate during the year	0.46		%	0.55		%	0.38		%
Federal funds purchased:
Maximum outstanding at any month end	35,000			125,000			55,000
Average balance during the year	13,312			32,351			4,336
Weighted-average interest rate during the year	0.31		%	0.31		%	0.24		%

Contractual Maturities of Long-Term Advances

The contractual maturities of long-term advances from the FHLB were as follows:

	December 31,
	2014				2013
	Amount		Rate		Amount		Rate
(amounts in thousands)
2015	$	—	—	%	$	50,000	0.37	%
2016	85,000		0.59		35,000		0.66
2017	180,000		1.21		5,000		3.08
2018	55,000		1.61		5,000		3.31
	$	320,000			$	95,000