Short and Long-Term Funding (Tables)

9 Months Ended

Sep. 30, 2019

Breakdown of short & long-term debt balances

The following table presents the components of short-term funding (funding with original contractual maturities of one year or less), long-term funding (funding with original contractual maturities greater than one year), and FHLB advances (funding based on original contractual maturities):



($ in Thousands)	September 30, 2019			December 31, 2018
Short-Term Funding
Federal funds purchased	$	75		$	19,710
Securities sold under agreements to repurchase	77,953			91,941
Federal funds purchased and securities sold under agreements to repurchase	78,028			111,651
Commercial paper	30,416			45,423
Total short-term funding	$	108,444		$	157,074
Long-Term Funding
Corporation senior notes, at par, due 2019	$	250,000		$	250,000
Bank senior notes, at par, due 2021	300,000			300,000
Corporation subordinated notes, at par, due 2025	250,000			250,000
Other long-term funding and capitalized costs	(3,201		)	(4,389		)
Total long-term funding	796,799			795,611
Total short and long-term funding, excluding FHLB advances	$	905,243		$	952,685
FHLB Advances
Short-term FHLB advances	$	215,000		$	900,000
Long-term FHLB advances	2,662,727			2,674,371
Total FHLB advances	$	2,877,727		$	3,574,371

Total short and long-term funding	$	3,782,970		$	4,527,056

Remaining contractual maturity of securities sold under agreements to repurchase

The remaining contractual maturity of the securities sold under agreements to repurchase in the consolidated balance sheets as of September 30, 2019 and December 31, 2018 are presented in the following table:



	Remaining Contractual Maturity of the Agreements
($ in Thousands)	Overnight and Continuous		Up to 30 days		30-90 days		Greater than 90 days		Total
September 30, 2019
Repurchase agreements
Agency mortgage-related securities	$	77,953	$	—	$	—	$	—	$	77,953
Total	$	77,953	$	—	$	—	$	—	$	77,953
December 31, 2018
Repurchase agreements
Agency mortgage-related securities	$	91,941	$	—	$	—	$	—	$	91,941
Total	$	91,941	$	—	$	—	$	—	$	91,941

FHLB Maturity

The original contractual maturity or next put date of the Corporation's FHLB advances as of September 30, 2019 and December 31, 2018 are presented in the following table:



	September 30, 2019				December 31, 2018
($ in Thousands)	Amount		Weighted Average Contractual Coupon Rate		Amount		Weighted Average Contractual Coupon Rate
Maturity or put date 1 year or less	$	2,376,052	2.24	%	$	2,262,584	2.06	%
After 1 but within 2	288,174		2.57	%	1,285,039		2.39	%
After 2 but within 3	5,781		5.11	%	14,393		2.98	%
After 3 years	207,720		2.30	%	12,354		4.55	%
FHLB advances and overall rate	$	2,877,727	2.28	%	$	3,574,371	2.19	%