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

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Outstanding Short Term Borrowings and Long Term Debt

The following table represents outstanding short-term borrowings and long-term debt at March 31, 2014 and December 31, 2013:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at March 31, 2014		March 31, 2014		December 31, 2013
Short-term borrowings:
Other short-term borrowings	(1)	$	4,810	$	4,810	$	5,080
Total short-term borrowings				$	4,810	$	5,080
Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	348,265	$	348,209
6.05% Subordinated Notes (2)	June 1, 2017	45,964		51,528		51,987
7.0% Junior Subordinated Debentures	October 15, 2033	50,000		54,977		55,020
Total long-term debt				$	454,770	$	455,216

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

(2) Included in the carrying value of our 6.05% Subordinated Notes at both March 31, 2014 and December 31, 2013 was an interest rate swap valued at $6.0 million related to hedge accounting associated with the notes.