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

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Outstanding Short Term Borrowings and Long Term Debt

The following table represents outstanding short-term borrowings and long-term debt at June 30, 2017 and December 31, 2016:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at June 30, 2017		June 30, 2017		December 31, 2016
Short-term borrowings:
Short-term FHLB advances		$	—	$	—	$	500,000
Other short-term borrowings	(1)	470		470		12,668
Total short-term borrowings				$	470	$	512,668
Long-term debt:
3.50% Senior Notes	January 29, 2025	$	350,000	$	347,140	$	346,979
5.375% Senior Notes	September 15, 2020	350,000		347,883		347,586
6.05% Subordinated Notes (2)	June 1, 2017	—		—		46,646
7.0% Junior Subordinated Debentures	October 15, 2033	50,000		54,406		54,493
Total long-term debt				$	749,429	$	795,704

(1) Represents cash collateral received from certain counterparties in relation to market value exposures of derivative contracts in our favor.

(2) Our 6.05% Subordinated Notes were repaid on June 1, 2017 and therefore, the interest rate swap agreement related to this issuance was terminated upon repayment of the 6.05% Subordinated Notes. At December 31, 2016, included in the carrying value of our 6.05% Subordinated Notes were $0.8 million related to hedge accounting associated with the notes