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Borrowed Funds (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015 and 2014.
 
 
As of December 31,
(In thousands)
 
2015
 
2014
Federal funds purchased and securities sold under agreements to repurchase
 
$
1,037,075

 
$
1,272,591

 
 
 
 
 
The following table presents wholesale borrowings and long-term debt as of December 31, 2015 and 2014.
 
 
As of December 31,
(In thousands)
 
2015
 
2014
FHLB advances
 
$
580,501

 
$
427,857

Subordinated debentures
 
505,173

 
505,192

Other
 
147

 
214

Total borrowed funds
 
$
1,085,821

 
$
933,263

 
 
 
 
 
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)
2015
 
2014
 
2013
Average balance during the year
$
885,478

 
$
715,383

 
$
474,473

Weighted-average annual interest rate during the year
2.35
%
 
2.80
%
 
3.62
%
Maximum month-end balance
$
1,189,093

 
$
973,453

 
$
527,155

 
 
 
 
 
 
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, 2015:
 
 
One Year
 
One to
 
Three to
 
Over Five
 
 
(In thousands)
 
or Less
 
Three Years
 
Five Years
 
Years
 
Total
FHLB advances
 
$
310,716

 
$
230,193

 
$

 
$
39,592

 
$
580,501

Subordinated debentures
 

 

 

 
505,173

 
505,173

Other
 
71

 
76

 

 

 
147

Total borrowed funds
 
$
310,787

 
$
230,269

 
$

 
$
544,765

 
$
1,085,821