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

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Outstanding Short Term Borrowings and Long Term Debt

The following table represents outstanding short-term borrowings and long-term debt at December 31, 2013 and 2012:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at December 31, 2013		December 31, 2013		December 31, 2012
Short-term borrowings:
Federal funds purchased	—	—		—		160,000
Other short-term borrowings	(1)	5,080		5,080		6,110
Total short-term borrowings				$	5,080	$	166,110
Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	348,209	$	347,995
6.05% Subordinated Notes (2)	June 1, 2017	45,964		51,987		54,571
7.0% Junior Subordinated Debentures	October 15, 2033	50,000		55,020		55,196
Total long-term debt				$	455,216	$	457,762

(1) Represents cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes.

(2) At December 31, 2013 and 2012, included in the carrying value of our 6.05% Subordinated Notes were $6 million and $9 million, respectively, related to hedge accounting associated with the notes.

Aggregate Annual Maturities of Long-Term Debt Obligations

The aggregate annual maturities of long-term debt obligations as of December 31, 2013 are as follows:

Year ended December 31, (dollars in thousands):	Amount
2014	$	—
2015	—
2016	—
2017	51,987
2018	—
2019 and thereafter	403,229
Total	$	455,216