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Borrowings (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Summary of Short-Term Borrowings

Following is a summary of short-term borrowings:

 

(in thousands)    June 30,
2016
     December 31,
2015
 

Securities sold under repurchase agreements

   $ 279,730       $ 266,732   

Federal Home Loan Bank advances

     1,075,000         1,090,000   

Federal funds purchased

     782,000         568,000   

Subordinated notes

     123,681         124,164   
  

 

 

    

 

 

 

Total short-term borrowings

   $ 2,260,411       $ 2,048,896   
  

 

 

    

 

 

 
Summary of Long-Term Borrowings

Following is a summary of long-term borrowings:

 

(in thousands)    June 30,
2016
     December 31,
2015
 

Federal Home Loan Bank advances

   $ 425,135       $ 400,017   

Subordinated notes

     84,569         84,668   

Junior subordinated debt

     48,581         58,298   

Other subordinated debt

     98,559         98,497   
  

 

 

    

 

 

 

Total long-term borrowings

   $ 656,844       $ 641,480   
  

 

 

    

 

 

 
Junior Subordinated Debt Trusts

The following table provides information relating to the Trusts as of June 30, 2016:

 

(dollars in thousands)    Trust
Preferred
Securities
     Common
Securities
     Junior
Subordinated
Debt
     Stated
Maturity
Date
     Interest
Rate
     

F.N.B. Statutory Trust II

   $ 21,500       $ 665       $ 22,165         6/15/36         2.30  

Variable; 3-month LIBOR + 165 basis points (bps)

Omega Financial Capital Trust I

     26,000         1,114         26,416         10/18/34         2.82  

Variable; 3-month LIBOR + 219 bps

  

 

 

    

 

 

    

 

 

         

Total

   $ 47,500       $ 1,779       $ 48,581