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

12 Months Ended

Dec. 31, 2015

The following table represents outstanding short-term borrowings and long-term debt at December 31, 2015 and 2014:



				Carrying Value
(Dollars in thousands)	Maturity	Principal value at December 31, 2015		December 31, 2015		December 31, 2014
Short-term borrowings:
Short-term FHLB advances	January 4, 2016	$	638,000	$	638,000	$	—
Federal funds purchased	January 4, 2016	135,000		135,000		—
Other short-term borrowings	(1)	1,900		1,900		7,781
Total short-term borrowings				$	774,900	$	7,781
Long-term debt:
3.50% Senior Notes	January 29, 2025	$	350,000	$	346,667	$	—
5.375% Senior Notes	September 15, 2020	350,000		347,016		346,477
6.05% Subordinated Notes (2)	June 1, 2017	45,964		48,350		50,040
7.0% Junior Subordinated Debentures	October 15, 2033	50,000		54,669		54,845
Total long-term debt				$	796,702	$	451,362


(1)	Represents cash collateral received from certain counterparties in relation to market value exposures of derivative contracts in our favor, which includes an interest rate swap agreement related to our 6.05% Subordinated Notes.


(2)	At December 31, 2015 and 2014, included in the carrying value of our 6.05% Subordinated Notes were $2.8 million and $4.6 million, respectively, related to hedge accounting associated with the notes.

The aggregate annual maturities of long-term debt obligations as of December 31, 2015 are as follows:



Year ended December 31, (dollars in thousands):	Amount
2016	$	—
2017	48,350
2018	—
2019	—
2020	347,016
2021 and thereafter	401,336
Total	$	796,702