Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2011

Short-Term Borrowings and Long-Term Debt [Abstract]

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2011, 2010 and 2009 and the related maximum amounts outstanding at the end of any month in each of the three years then ended are presented below. The securities underlying the repurchase agreements remain in available for sale investment securities.

	December 31						Maximum Outstanding
	2011		2010		2009		2011		2010		2009
	(in thousands)
Federal funds purchased	$	253,470	$	267,844	$	378,068	$	381,093	$	506,567	$	865,699
Customer repurchase agreements	186,735		204,800		259,458		235,780		279,414		274,546
Customer short-term promissory notes	156,828		201,433		231,414		196,562		243,637		347,401
Federal Reserve Bank borrowings	—		—		—		—		—		200,000
Other	—		—		—		—		—		5,215
	$	597,033	$	674,077	$	868,940

Schedule of Repurchase Agreements

The following table presents information related to customer repurchase agreements:

	2011			2010			2009
	(dollars in thousands)
Amount outstanding as of December 31	$	186,735		$	204,800		$	259,458
Weighted average interest rate at year end	0.12		%	0.28		%	0.42		%
Average amount outstanding during the year	$	208,144		$	252,633		$	254,662
Weighted average interest rate during the year	0.13		%	0.31		%	0.55		%

Schedule of Long-term Debt Instruments

FHLB advances and long-term debt included the following as of December 31:

	2011			2010
	(in thousands)
FHLB advances	$	666,565		$	736,043
Subordinated debt	200,000			200,000
Junior subordinated deferrable interest debentures	175,260			185,570
Other long-term debt	1,585			1,430
Unamortized issuance costs	(3,261		)	(3,593		)
	$	1,040,149		$	1,119,450

Schedule of Maturities of Long-term Debt

The following table summarizes the scheduled maturities of FHLB advances and long-term debt as of December 31, 2011 (in thousands):

Year
2012	$	126,852
2013	5,467
2014	6,006
2015	150,855
2016	236,391
Thereafter	514,578
	$	1,040,149

Schedule of Subordinated Borrowing

The following table provides details of the debentures as of December 31, 2011 (dollars in thousands):

Debentures Issued to	Fixed/ Variable	Interest Rate		Amount		Maturity	Callable		Callable Price
SVB Eagle Statutory Trust I	Variable	3.73	%	$	4,124	07/31/31	(1	)	100.0
Columbia Bancorp Statutory Trust	Variable	3.23	%	6,186		06/30/34	03/31/12		100.0
Columbia Bancorp Statutory Trust II	Variable	2.44	%	4,124		03/15/35	03/15/12		100.0
Columbia Bancorp Statutory Trust III	Variable	2.32	%	6,186		06/15/35	03/15/12		100.0
Fulton Capital Trust I	Fixed	6.29	%	154,640		02/01/36	N/A		N/A
				$	175,260

(1) Redeemed on January 31, 2012.

N/A – Not applicable.