Short and Long-term Funding (Tables)

12 Months Ended

Dec. 31, 2019

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)	December 31, 2019		December 31, 2018
Short-Term Funding
Federal funds purchased	$	362,000	$	19,710
Securities sold under agreements to repurchase	71,097		91,941
Federal funds purchased and securities sold under agreements to repurchase	433,097		111,651
Commercial paper	32,016		45,423
Total short-term funding	$	465,113	$	157,074
Long-Term Funding
Corporation senior notes, at par, due 2019	$	—	$	250,000
Bank senior notes, at par, due 2021	300,000		300,000
Corporation subordinated notes, at par, due 2025	250,000		250,000
Finance leases	2,209		—
Capitalized costs	(2,866)		(4,389)
Total long-term funding	549,343		795,611
Total short and long-term funding, excluding FHLB advances	$	1,014,456	$	952,685
FHLB Advances
Short-term FHLB advances	$	520,000	$	900,000
Long-term FHLB advances	2,660,967		2,674,371
Total FHLB advances	$	3,180,967	$	3,574,371
Total short and long-term funding	$	4,195,422	$	4,527,056

Schedule of Repurchase Agreements

The remaining contractual maturity of the securities sold under agreements to repurchase on the consolidated balance sheets as of December 31, 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
December 31, 2019
Repurchase agreements
Agency mortgage-related securities	$	71,097	$	—	$	—	$	—	$	71,097
Total	$	71,097	$	—	$	—	$	—	$	71,097
December 31, 2018
Repurchase agreements
Agency mortgage-related securities	$	91,941	$	—	$	—	$	—	$	91,941
Total	$	91,941	$	—	$	—	$	—	$	91,941

FHLB_Maturity_ [Table Text Block]

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


	December 31, 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	$	2,055,056	2.19	%	$	2,262,584	2.06	%
After 1 but within 2	14,099		2.95	%	1,285,039		2.39	%
After 2 but within 3	504,154		2.12	%	14,393		2.98	%
After 3 years	607,657		2.29	%	12,354		4.55	%
FHLB advances and overall rate	$	3,180,967	2.20	%	$	3,574,371	2.19	%

Schedule of Maturities of Long-term Debt [Table Text Block]

The table below summarizes the maturities of the Corporation’s long-term funding, including long-term FHLB advances, at December 31, 2019:


Year	($ in Thousands)
2020	$	85,095
2021	312,700
2022	504,193
2023	202,572
2024	250,673
Thereafter	1,855,075
Total long-term funding	$	3,210,310