(10) TIME DEPOSITS AND SHORT-TERM DEBT

Certificates of deposit and other time deposits of $100,000 or more amounting to $1.1 billion and $1.2 billion were outstanding at December 31, 2013 and 2012, respectively. Total interest expense relating to certificates of deposit and other time deposits of $100,000 or more totaled $16.0 million, $20.8 million and $28.7 million for the years ended December 31, 2013, 2012 and 2011, respectively.

For time deposits with a remaining maturity of more than one year at December 31, 2013, the aggregate amount of time deposits maturing in each of the following five years is presented in the following table:


Maturing in		Amount
		(In thousands)
2015		$ 363,800
2016		149,942
2017		135,020
2018		121,699
2019		1
Thereafter		173
Total		$ 770,635

The following tables present information relating to short-term debt for the years ended December 31, 2013, 2012 and 2011:


	2013
							Maximum
	End of Period			Daily Average			Outstanding
		Interest			Interest		at any
	Balance	Rate		Balance	Rate		Month End
	(Dollars in thousands)
Federal funds purchased	$ -	-	%	$ 1,238	0.33	%	$ -
Securities sold under agreement to repurchase	421,028	0.07		416,881	0.07		473,753
Total	$ 421,028			$ 418,119			$ 473,753


	2012
							Maximum
	End of Period			Daily Average			Outstanding
		Interest			Interest		at any
	Balance	Rate		Balance	Rate		Month End
	(Dollars in thousands)
Federal funds purchased	$ -	-	%	$ 1,180	0.32	%	$ -
Securities sold under agreement to repurchase	414,611	0.07		379,871	0.07		423,553
Short-term FHLB advances	-	-		1,053	4.71		1,500
Total	$ 414,611			$ 382,104			$ 425,053


	2011
							Maximum
	End of Period			Daily Average			Outstanding
		Interest			Interest		at any
	Balance	Rate		Balance	Rate		Month End
	(Dollars in thousands)

Securities sold under agreement to repurchase	$ 373,933	0.07	%	$ 435,931	0.10	%	$ 493,157
Short-term FHLB advances	1,500	4.71		1,580	5.72		2,723
Total	$ 375,433			$ 437,511			$ 495,880

Federal funds purchased generally mature the day following the date of purchase while securities sold under repurchase agreements generally mature within 30 days from the date of sale. Federal Reserve discount window borrowings generally mature within 90 days following the date of purchase and short-term FHLB borrowings generally mature within 30 days following the date of purchase. At December 31, 2013, the Bank had established non-binding federal funds borrowing lines of credit with other banks aggregating $689.0 million.