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Borrowings and Other Short-Term Liabilities (Tables)
6 Months Ended
Jun. 30, 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:
 
June 30, 2019
 
December 31, 2018
(Dollars in thousands)
Amount
 
Weighted Average Rate (1)
 
Amount
 
Weighted Average Rate (1)
Short-term borrowings:
 
 
 
 
 
 
 
FHLB advances: 2.29% - 2.60% fixed-rate notes
$
2,580,000

 
2.44
%
 
$
2,035,000

 
2.47
%
AFX short-term borrowings
35,000

 
2.41

 

 

Total short-term borrowings
$
2,615,000

 
2.44
%
 
$
2,035,000

 
2.47
%
Long-term borrowings:
 
 
 
 
 
 
 
FHLB advances: 1.00% - 2.72% fixed-rate notes due 2019 to 2025(2)
$
410,073

 
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)
11,648

 
4.71

 
11,572

 
4.85

Subordinated debt obligations: floating-rate based on three-month LIBOR plus 3.25% due in 2032(4)
4,348

 
5.84

 
4,328

 
5.65

Total long-term borrowings
426,069

 
2.11

 
426,002

 
2.11

Total borrowings
$
3,041,069

 
2.39
%
 
$
2,461,002

 
2.41
%
Other short-term liabilities:
 
 
 
 
 
 
 
     Collateralized customer deposits
$
291,671

 
0.70
%
 
$
382,687

 
0.75
%

(1) 
Weighted average rate presented is the contractual rate which excludes premiums and discounts related to purchase accounting.
(2) 
The June 30, 2019 balances include advances payable of $410.0 million and purchase accounting premiums of $73 thousand. The December 31, 2018 balance includes advances payable of $410.0 million and purchase accounting premiums of $102 thousand.
(3) 
The June 30, 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 June 30, 2019 balance includes advances payable of $5.0 million and purchase accounting discounts of $652 thousand. The December 31, 2018 balance includes advances payable of $5.0 million and purchase accounting discounts of $672 thousand.