Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Repurchase Agreements

The following table summarizes securities sold under agreements to repurchase and other borrowings:

	At December 31,
(In thousands)	2015		2014
Securities sold under agreements to repurchase:
Original maturity of one year or less	$	334,400	$	409,756
Original maturity of greater than one year, non-callable	500,000		550,000
Total securities sold under agreements to repurchase	834,400		959,756
Fed funds purchased	317,000		291,000
Securities sold under agreements to repurchase and other borrowings	$	1,151,400	$	1,250,756

Federal Home Loan Bank, Advances

The following table provides information for Federal Home Loan Bank advances maturing:

	At December 31,
	2015				2014
(Dollars in thousands)	Total Outstanding		Weighted- Average Contractual Coupon Rate		Total Outstanding		Weighted- Average Contractual Coupon Rate
Within 1 year	$	2,025,934	0.55	%	$	2,275,000	0.23	%
After 1 but within 2 years	500		5.66		145,934		1.80
After 2 but within 3 years	200,000		1.36		500		5.66
After 3 but within 4 years	103,026		1.54		200,000		1.36
After 4 but within 5 years	175,000		1.77		78,026		1.95
After 5 years	159,655		1.60		159,934		1.27
	2,664,115		0.79	%	2,859,394		0.50	%
Unamortized premiums	24				37
Federal Home Loan Bank advances	$	2,664,139			$	2,859,431

Schedule of Long-Term Debt

The following table summarizes long-term debt:

		At December 31,
(Dollars in thousands)		2015			2014
4.375%	Senior fixed-rate notes due February 15, 2024	$	150,000		$	150,000
Junior subordinated debt Webster Statutory Trust I floating-rate notes due September 17, 2033 (1)		77,320			77,320
Total notes and subordinated debt		227,320			227,320
Unamortized discount on senior fixed-rate notes		(964		)	(1,083		)
Long-term debt		$	226,356		$	226,237

(1) The interest rate on Webster Statutory Trust I floating-rate notes, which varies quarterly based on 3-month LIBOR plus 2.95%, was 3.48% at December 31, 2015 and 3.19% at December 31, 2014