Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

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)	2016			2015
	Total Outstanding		Rate	Total Outstanding		Rate
Securities sold under agreements to repurchase:
Original maturity of one year or less	$	340,526	0.16	$	334,400	0.15
Original maturity of greater than one year, non-callable	400,000		3.09	500,000		3.04
Total securities sold under agreements to repurchase	740,526		1.82	834,400		1.93
Fed funds purchased	209,000		0.46	317,000		0.21
Securities sold under agreements to repurchase and other borrowings	$	949,526	1.53	$	1,151,400	1.47

Federal Home Loan Bank, Advances

The following table provides information for FHLB advances:

	At December 31,
	2016				2015
(Dollars in thousands)	Total Outstanding		Weighted- Average Contractual Coupon Rate		Total Outstanding		Weighted- Average Contractual Coupon Rate
Maturing within 1 year	$	2,130,500	0.71	%	$	2,025,934	0.55	%
After 1 but within 2 years	200,000		1.36		500		5.66
After 2 but within 3 years	128,026		1.73		200,000		1.36
After 3 but within 4 years	175,000		1.77		103,026		1.54
After 4 but within 5 years	200,000		1.81		175,000		1.77
After 5 years	9,370		2.59		159,655		1.60
	2,842,896		0.95		2,664,115		0.79
Premiums on advances	12				24
Federal Home Loan Bank advances	$	2,842,908			$	2,664,139
Aggregate carrying value of assets pledged as collateral	$	5,967,318			$	5,719,746
Remaining borrowing capacity	$	1,192,758			$	1,203,057

Schedule of Long-Term Debt

The following table summarizes long-term debt:

		At December 31,
(Dollars in thousands)		2016			2015
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
Discount on senior fixed-rate notes		(845		)	(964		)
Debt issuance cost on senior fixed-rate notes (2)		(961		)	(1,096		)
Long-term debt		$	225,514		$	225,260

(1) The interest rate on Webster Statutory Trust I floating-rate notes, which varies quarterly based on 3-month LIBOR plus 2.95%, was 3.94% at December 31, 2016 and 3.48% at December 31, 2015.

(2) In accordance with the adoption of ASU No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs, debt issuance cost is accounted for as a reduction to long-term debt. Previously debt issuance cost was included in accrued interest receivable and other assets within the accompanying Consolidated Balance Sheets.