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Long-Term Debt
 9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt
The following table summarizes long-term debt:
(Dollars in thousands)
 
At September 30,
2014
 
At December 31,
2013
4.375%
senior fixed-rate notes due 2024 (1)
 
$
150,000

 
$
—

5.125%
senior fixed-rate notes due 2014
 
—

 
150,000

Junior subordinated debt Webster Statutory Trust I floating-rate notes due 2033 (2)
 
77,320

 
77,320

Total notes and subordinated debt
 
227,320

 
227,320

Unamortized discount, net (3)
 
(1,112
)
 
(21
)
Hedge accounting adjustments (3)
 
—

 
1,066

Long-term debt
 
$
226,208

 
$
228,365


(1)
On February 11, 2014, Webster completed an underwritten public offering of $150.0 million aggregate principal amount of 4.375% senior notes maturing February 15, 2024. Webster received net proceeds of $148.0 million from the public offering
(2)
The interest rate on Webster Statutory Trust I floating-rate notes, which varies quarterly based on 3-month LIBOR plus 2.95%, was 3.185% at September 30, 2014 and 3.194% at December 31, 2013
(3)
Related to senior fixed-rate notes due 2024 at September 30, 2014 and senior fixed-rate notes due 2014 at December 31, 2013