Long-term Debt and Short-term Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Short-term Borrowings

Short-term borrowings at December 31, 2018 and 2017 consisted of the following:

	2018		2017
(dollars in thousands)
Federal funds purchased	$	628	$	—
Securities sold under repurchase agreements	237,064		161,190
FHLB advances with original maturities of one year or less	650,000		100,000
Total short-term borrowings	$	887,692	$	261,190

The following table sets forth additional information on Synovus' short-term borrowings for the years indicated.

(dollars in thousands)	2018			2017			2016
Total balance at December 31,	$	887,692		$	261,190		$	159,699
Weighted average interest rate at December 31,	1.93		%	0.65		%	0.08		%
Maximum month-end balance during the year	$	887,692		$	390,044		$	414,245
Average amount outstanding during the year	371,933			256,011			278,273
Weighted average interest rate during the year	0.96		%	0.37		%	0.18		%

Schedule of Long-term Debt Instruments

Long-term debt at December 31, 2018 and 2017 is presented in the following table:

(dollars in thousands)	2018		2017
Parent Company:
3.125% senior notes, due November 1, 2022, $300 million par value with semi-annual interest payments and principal to be paid at maturity	$	297,603	$	296,971
5.75% fixed to adjustable rate subordinated notes issued December 7, 2015, due December 15, 2025, $250 million par value with semi-annual interest payments at 5.75% for the first five years and quarterly payments thereafter at an adjustable rate equal to the then-current three month LIBOR rate + 418.2 basis points and principal to be paid at maturity	248,101		247,618
LIBOR + 1.80% debentures, due April 19, 2035, $10 million par value with quarterly interest payments and principal to be paid at maturity (rate of 4.59% at December 31, 2018 and 3.39% at December 31, 2017)	10,000		10,000
Total long-term debt — Parent Company	555,704		554,589
Synovus Bank:
FHLB advances with interest and principal payments due at various maturity dates through 2022 and interest rates ranging from 2.49% to 2.56% at December 31, 2018 (weighted average interest rate of 2.53% and 1.43% at December 31, 2018 and 2017, respectively)	1,100,000		1,050,000
Capital lease with interest and principal payments due at various dates through 2031 (rate of 1.59% at both December 31, 2018 and 2017)	1,453		1,549
Total long-term debt — Synovus Bank	1,101,453		1,051,549
Total long-term debt	$	1,657,157	$	1,606,138

Schedule of Principal Payments on Long-term Debt

Contractual annual principal payments on long-term debt for the next five years and thereafter are shown in the following table.

(in thousands)	Parent Company		Synovus Bank		Total
2019	$	—	$	90	$	90
2020	—		400,092		400,092
2021	—		450,096		450,096
2022	300,000		250,107		550,107
2023	—		109		109
Thereafter	260,000		959		260,959
Total	$	560,000	$	1,101,453	$	1,661,453