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Securities Sold Under Agreements to Repurchase and Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2014
Securities Sold Under Agreements to Repurchase and Other Short-term Borrowings [Abstract]  
Summary Of Securities Sold Under Agreements To Repurchase And Other Borrowings
The following table summarizes securities sold under agreements to repurchase and other borrowings:
 
At December 31,
(In thousands)
2014
 
2013
Securities sold under agreements to repurchase:
 
 
 
Original maturity of one year or less
$
409,756

 
$
359,662

Original maturity of greater than one year, non-callable
550,000

 
550,000

Callable at the option of the counterparty (1)

 
100,000

 
959,756

 
1,009,662

Other borrowings:
 
 
 
Federal funds purchased
291,000

 
322,000

Securities sold under agreements to repurchase and other borrowings
$
1,250,756

 
$
1,331,662


(1)
There were $100 million of securities sold under agreements to repurchase that had callable options for June 23, 2014 and were classified as callable at the option of the counterparty at December 31, 2013. The callable options were not exercised as of the call date and were reclassified as original maturity of greater than one year, non-callable during the quarter ended September 30, 2014.
Schedule of Repurchase Agreements
Information concerning repurchase agreements outstanding at December 31, 2014 is presented below:
(Dollars in thousands)
Balance
Fair Value of Collateral
Weighted-Average Rate
Weighted-Average
 Remaining Maturity
Maturity:
 
 
 
 
 
Up to 30 days
$
409,556

$
418,504

0.15
%
2.76
days
31 to 90 days
200

208

0.15

2.63
months
Over 90 days
550,000

592,659

2.73

2.82
years
Totals
$
959,756

$
1,011,371

1.63
%
1.71
years
Additional Information for Short-term Borrowings
The following table sets forth additional information for short-term borrowings:
 
At or for the years ended December 31,
 
2014
 
2013
 
2012
(Dollars in thousands)
Amount
Rate
 
Amount
Rate
 
Amount
Rate
Securities sold under agreements to repurchase:
 
 
 
 
 
 
 
 
At end of year
$
409,756

0.15
%
 
$
359,662

0.16
%
 
$
326,160

0.15
%
Average during year
374,935

0.16

 
316,560

0.15

 
306,294

0.18

Highest month-end balance during year
459,259


 
372,922


 
357,396


Federal funds purchased:
 
 
 
 
 
 
 
 
At end of year
291,000

0.17

 
322,000

0.20

 


Average during year
387,004

0.20

 
255,689

0.18

 
173,690

0.17

Highest month-end balance during year
457,000


 
398,000


 
255,200