Borrowings and Other Short-Term Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Schedule of Other Borrowings

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

	March 31, 2019				December 31, 2018
(Dollars in thousands)	Amount		Weighted Average Rate (1)		Amount		Weighted Average Rate (1)
Short-term borrowings:
FHLB advances: 2.55% - 2.59% fixed-rate notes	$	1,740,000	2.57	%	$	2,035,000	2.47	%
Long-term borrowings:
FHLB advances: 1.00% - 2.72% fixed-rate notes due 2019 to 2025(2)	410,087		2.00		410,102		2.00
Subordinated debt obligations: floating-rate based on three-month LIBOR plus 1.45% - 2.85% due 2034 to 2035(3)	11,610		4.90		11,572		4.85
Subordinated debt obligations: floating-rate based on three-month LIBOR plus 3.25% due in 2032(4)	4,338		6.05		4,328		5.65
Total long-term borrowings	426,035		2.12		426,002		2.11
Total borrowings	$	2,166,035	2.48	%	$	2,461,002	2.41	%
Other short-term liabilities:
Collateralized customer deposits	$	413,199	0.59	%	$	382,687	0.75	%

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

⁽²⁾  The March 31, 2019 balances include advances payable of $410.0 million and purchase accounting premiums of $0.1 million. The December 31, 2018 balance includes advances payable of $410.0 million and purchase accounting premiums of $0.1 million.

⁽³⁾  The March 31, 2019 balance includes advances payable of $15.0 million and purchase accounting discounts of $3.4 million. The December 31, 2018 balance includes advances payable of $15.0 million and purchase accounting discounts of $3.4 million.

⁽⁴⁾  The March 31, 2019 balance includes advances payable of $5.0 million and purchase accounting discounts of $0.7 million. The December 31, 2018 balance includes advances payable of $5.0 million and purchase accounting discounts of $0.7 million.