Borrowings (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Short- and Long-term Borrowings

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



	December 31,
	2017				2016
(Dollars in thousands)	Amount		Weighted Average Rate ⁽¹⁾		Amount		Weighted Average Rate ⁽¹⁾
Securities sold under agreements to repurchase with customers:
Securities sold under agreements to repurchase with customers	$	415,236	0.44	%	$	343,047	0.16	%
Short-term borrowings:
FHLB advances: 1.25% - 1.50% fixed-rate notes	2,000,000		1.39		825,000		0.65
Long-term borrowings:
FHLB advances: 0.92% - 2.60% fixed-rate notes due 2018 to 2020 ⁽²⁾	337,204		1.26		438,538		1.24
Securities sold under agreements to repurchase⁽³⁾	—		—		19,144		3.17
Line-of-credit: floating-rate based on one-month LIBOR plus 1.75%	19,963		3.10		124,625		2.52
Subordinated debt obligations: floating-rate based on three-month LIBOR plus 1.45% - 2.85% due 2034 to 2035 ⁽⁴⁾	11,425		3.69		11,285		3.14
Subordinated debt obligations: floating-rate based on three-month LIBOR plus 3.25% due in 2032 ⁽⁵⁾	4,290		4.59		4,255		4.25
Total long-term borrowings	372,882		1.47		597,847		1.63
Total short-term and long-term borrowings	$	2,788,118	1.26	%	$	1,765,894	0.89	%


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


⁽²⁾	The December 31, 2017 balance includes advances payable of $337.0 million and purchase accounting premiums of $0.2 million. The December 31, 2016 balance includes advances payable of $437.8 million and purchase accounting premiums of $0.7 million.


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


⁽⁴⁾	The December 31, 2017 balance includes advances payable of $15.0 million and purchase accounting discounts of $3.6 million. The December 31, 2016 balance includes advance payable of $15.0 million and purchase accounting premiums of $3.7 million.


⁽⁵⁾	The December 31, 2017 balance includes advances payable of $5.0 million and purchase accounting discounts of $0.7 million. The December 31, 2016 balance includes advance payable of $5.0 million and purchase accounting premiums of $0.7 million.

Long-term Debt by Maturity

At December 31, 2017, 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,
2018	$	147,065
2019	100,058
2020	110,044
2021	—
2022	—
Thereafter	15,715
Total	$	372,882