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

12 Months Ended

Dec. 31, 2018

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

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2018, 2017 and 2016 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
	2018		2017		2016		2018		2017		2016
	(in thousands)
Federal funds purchased	$	—	$	220,000	$	278,570	$	525,000	$	387,110	$	449,184
Short-term FHLB advances (1)	385,000		—		—		385,000		250,000		—
Customer repurchase agreements	43,500		172,017		195,734		181,989		233,274		221,989
Customer short-term promissory notes	326,277		225,507		67,013		365,689		237,298		77,887
	$	754,777	$	617,524	$	541,317

(1) Represents FHLB advances with an original maturity term of less than one year.

Schedule of Repurchase Agreements

The following table presents information related to customer repurchase agreements:

	2018			2017			2016
	(dollars in thousands)
Amount outstanding as of December 31	$	43,500		$	172,017		$	195,734
Weighted average interest rate as of December 31	0.25		%	0.13		%	0.10		%
Average amount outstanding during the year	$	138,198		$	188,974		$	184,978
Weighted average interest rate during the year	0.21		%	0.12		%	0.11		%

Schedule of Long-term Debt Instruments

FHLB advances with an original maturity of one year or more and long-term debt included the following as of December 31:

	2018			2017
	(in thousands)
FHLB advances	$	601,978		$	652,113
Subordinated debt	250,000			250,000
Senior notes	125,000			125,000
Junior subordinated deferrable interest debentures	16,496			16,496
Unamortized discounts and issuance costs	(1,195		)	(5,263		)
	$	992,279		$	1,038,346

Schedule of Maturities of Long-term Debt

The following table summarizes the scheduled maturities of FHLB advances with an original maturity of one year or more and long-term debt as of December 31, 2018 (in thousands):

Year
2019	$	252,351
2020	142,173
2021	199,237
2022	130,195
2023	—
Thereafter	268,323
	$	992,279

Schedule of Subordinated Borrowing

The following table provides details of the debentures as of December 31, 2018 (dollars in thousands):

Debentures Issued to	Fixed/ Variable	Interest Rate		Amount		Maturity	Callable	Call Price
Columbia Bancorp Statutory Trust	Variable	5.05	%	$	6,186	06/30/34	03/31/19	100.0
Columbia Bancorp Statutory Trust II	Variable	4.68	%	4,124		03/15/35	03/15/19	100.0
Columbia Bancorp Statutory Trust III	Variable	4.56	%	6,186		06/15/35	03/15/19	100.0
				$	16,496