Borrowings

3 Months Ended

Mar. 31, 2021

TCF Bank is a member of the FHLB, which provides short- and long-term funding collateralized by mortgage related assets to its members.

Collateralized Deposits include TCF Bank's Repurchase Investment Sweep Agreement product collateralized by mortgage-backed securities, and funds deposited by customers that are collateralized by investment securities owned by TCF Bank, as these deposits are not covered by FDIC insurance.

Short-term borrowings (borrowings with an original maturity of less than one year) were as follows:


	At March 31, 2021				At December 31, 2020
(Dollars in thousands)	Amount		Weighted-average Rate		Amount		Weighted-average Rate
FHLB advances	$	1,200,000	0.29	%	$	400,000	0.33	%

Collateralized Deposits	223,695		0.07		217,363		0.11
Line-of-Credit - TCF Commercial Finance Canada, Inc.	2,388		2.45		—		—

Total short-term borrowings	$	1,426,083	0.26	%	$	617,363	0.25	%

Long-term borrowings were as follows:


(In thousands)	At March 31, 2021		At December 31, 2020
FHLB advances	$	859,335	$	709,848
Subordinated debt obligations	583,312		586,145
Discounted lease rentals	73,222		75,770
Finance lease obligation	2,947		2,969
Total long-term borrowings	$	1,518,816	$	1,374,732

At March 31, 2021, TCF Bank had pledged $13.0 billion of loans secured by consumer and commercial real estate to provide borrowing capacity from the FHLB.

At March 31, 2021, TCF Bank had pledged $3.4 billion of loans secured by assets to provide borrowing capacity from the Federal Reserve Bank discount window. No borrowings were sourced from this facility at March 31, 2021.

The contractual maturities of long-term borrowings at March 31, 2021 were as follows:


(In thousands)
Remainder of 2021	$	4,339
2022	779,845
2023	25,099
2024	15,996
2025	373,772
Thereafter	319,765
Total long-term borrowings	$	1,518,816