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

12 Months Ended

Dec. 31, 2019

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

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2019, 2018 and 2017 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
	2019		2018		2017		2019		2018		2017
	(in thousands)
Federal funds purchased	$	—	$	—	$	220,000	$	274,998	$	525,000	$	387,110
Short-term FHLB advances (1)	500,000		385,000		—		825,000		385,000		250,000
Customer repurchase agreements	56,707		43,500		172,017		64,745		181,989		233,274
Customer short-term promissory notes	326,534		326,277		225,507		339,461		365,689		237,298
Total Short-term borrowings	$	883,241	$	754,777	$	617,524

(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:

	2019			2018			2017
	(dollars in thousands)
Amount outstanding as of December 31	$	56,707		$	43,500		$	172,017
Weighted average interest rate as of December 31	0.69		%	0.25		%	0.13		%
Average amount outstanding during the year	$	58,383		$	138,198		$	188,974
Weighted average interest rate during the year	0.67		%	0.21		%	0.12		%

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:

	2019			2018
	(in thousands)
FHLB advances	$	491,024		$	601,978
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	(751		)	(1,195		)
	$	881,769		$	992,279

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, 2019 (in thousands):

Year
2020	$	—
2021	48,441
2022	210,195
2023	214,536
2024	389,694
Thereafter	18,903
	$	881,769

Schedule of Subordinated Borrowing

The following table provides details of the debentures as of December 31, 2019 (dollars in thousands):

Debentures Issued to	Fixed/ Variable	Interest Rate		Amount		Maturity	Callable	Call Price
Columbia Bancorp Statutory Trust	Variable	4.59	%	$	6,186	06/30/34	03/31/20	100.0
Columbia Bancorp Statutory Trust II	Variable	3.78	%	4,124		03/15/35	03/15/20	100.0
Columbia Bancorp Statutory Trust III	Variable	3.66	%	6,186		06/15/35	03/15/20	100.0
				$	16,496