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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule Of Federal Funds Purchased And Securities Sold Under Agreements To Repurchase And Wholesale Borrowings
The following table presents federal funds purchased and securities sold under agreements to repurchase as of December 31, 2014 and 2013.
 
 
As of December 31,
(In thousands)
 
2014
 
2013
Federal funds purchased and securities sold under agreements to repurchase
 
$
1,272,591

 
$
851,535

 
 
 
 
 
The following table presents wholesale borrowings and long-term debt as of December 31, 2014 and 2013.
 
 
As of December 31,
(In thousands)
 
2014
 
2013
FHLB advances
 
$
427,857

 
$
200,323

Subordinated debentures
 
505,192

 
249,928

Fixed and variable junior subordinated deferral debentures
 

 
74,500

Other
 
214

 
277

Total borrowed funds
 
$
933,263

 
$
525,028

 
 
 
 
 
Schedule of Select Financial Data Wholesale Borrowings
Selected financial statement information pertaining to the Corporation’s borrowed funds is as follows:
 
As of December 31,
(Dollars in thousands)
2014
 
2013
 
2012
Average balance during the year
$
715,383

 
$
474,473

 
$
175,989

Weighted-average annual interest rate during the year
2.80
%
 
3.62
%
 
2.51
%
Maximum month-end balance
$
973,453

 
$
527,155

 
$
178,489

 
 
 
 
 
 
Schedule Of Contractual Maturities Of Federal Funds Purchased And Securities Sold Under Agreements To Repurchase And Wholesale Borrowings
The following table illustrates the contractual maturities of the Corporation's borrowed funds at December 31, 2014:
 
 
One Year
 
One to
 
Three to
 
Over Five
 
 
(In thousands)
 
or Less
 
Three Years
 
Five Years
 
Years
 
Total
FHLB advances
 
$
189,808

 
$
212,495

 
$
202

 
$
25,352

 
$
427,857

Subordinated debentures
 

 

 

 
505,192

 
505,192

Other
 
67

 
147

 

 

 
214

Total borrowed funds
 
$
189,875

 
$
212,642

 
$
202

 
$
530,544

 
$
933,263