Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

A summary of the Corporation's short- and long-term borrowings follows:



	December 31,
	2016				2015
(Dollars in thousands)	Amount		Weighted Average Rate ⁽¹⁾		Amount		Weighted Average Rate ⁽¹⁾
Short-term borrowings:
FHLB advances: 0.60% - 0.66% fixed-rate notes	$	825,000	0.65	%	$	100,000	0.34	%
Long-term borrowings:
FHLB advances: 0.81% - 7.44% fixed-rate notes due 2017 to 2020 ⁽²⁾	438,538		1.24		181,394		1.41
Securities sold under agreements to repurchase: 1.48% - 4.11% fixed-rate notes due through 2017 ⁽³⁾	19,144		3.17		17,453		0.27
Line-of-credit: floating-rate based on one-month LIBOR plus 1.75%	124,625		2.52		25,000		2.27
Subordinated debt obligations: floating-rate based on three-month LIBOR plus 1.45% - 2.85% due 2034 to 2035 ⁽⁴⁾	11,285		3.14		—		—
Subordinated debt obligations: floating-rate based on three-month LIBOR plus 3.25% due in 2032 ⁽⁵⁾	4,255		4.25		—		—
Subordinated debt obligations	—		—		18,544		3.99
Total long-term borrowings	597,847		1.63		242,391		1.61
Total short-term and long-term borrowings	$	1,422,847	1.06	%	$	342,391	1.24	%


(1)	Weighted average rate presented is the contractual rate which excludes premiums and discounts related to purchase accounting.


(2)	The December 31, 2016 balance includes advances payable of $437.8 million and purchase accounting premiums of $0.7 million. The December 31, 2015 balance includes advances payable of $181.0 million and purchase accounting premiums of $0.4 million.


(3)	The December 31, 2016 balance includes advances payable of $19.0 million and purchase accounting premiums of $0.1 million. The December 31, 2015 balance includes advance payable of $17.0 million and purchase accounting premiums of $0.5 million.


(4)	The December 31, 2016 balance includes advances payable of $15.0 million and purchase accounting discounts of $3.7 million.


(5)	The December 31, 2016 balance includes advances payable of $5.0 million and purchase accounting discounts of $0.7 million.

Schedule of Securities Sold Under Agreements to Repurchase

The remaining contract maturity, excluding purchase accounting adjustments, of long-term securities under agreement to repurchase, is as follows:



	December 31, 2016
	Remaining Contractual Maturities of the Agreements
(Dollars in thousands)	Overnight and continuous		Up to 30 Days		30-90 Days		Greater than 90 Days		Total
Securities sold under agreements to repurchase	$	—	$	10,000	$	—	$	9,000	$	19,000
Total borrowings	$	—	$	10,000	$	—	$	9,000	$	19,000
Amounts related to securities sold under agreements to repurchase not included in offsetting disclosure in Footnote 11									$	19,000

Long-term Debt by Maturity

At December 31, 2016, the contractual principal payments due and the amortization/accretion of purchase accounting adjustments for the remaining maturities of long-term debt over the next five years and thereafter are as follows:



(Dollars in thousands)	Long-term Debt by Maturity
Years Ending December 31,
2017	$	126,089
2018	159,207
2019	186,338
2020	110,673
2021	—
Thereafter	15,540
Total	$	597,847