Borrowings (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule of Repurchase Agreements

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

	At June 30, 2017				At December 31, 2016
(In thousands)	Amount		Rate		Amount		Rate
Securities sold under agreements to repurchase:
Original maturity of one year or less	$	310,967	0.17	%	$	340,526	0.16	%
Original maturity of greater than one year, non-callable	400,000		3.04		400,000		3.09
Total securities sold under agreements to repurchase	710,967		1.79		740,526		1.82
Fed funds purchased	161,725		1.13		209,000		0.46
Securities sold under agreements to repurchase and other borrowings	$	872,692	1.66	%	$	949,526	1.53	%

Federal Home Loan Bank, Advances

The following table provides information for FHLB advances:

	At June 30, 2017				At December 31, 2016
(Dollars in thousands)	Amount		Weighted- Average Contractual Coupon Rate		Amount		Weighted- Average Contractual Coupon Rate
Maturing within 1 year	$	1,105,500	1.21	%	$	2,130,500	0.71	%
After 1 but within 2 years	175,000		1.45		200,000		1.36
After 2 but within 3 years	153,026		1.78		128,026		1.73
After 3 but within 4 years	175,000		1.72		175,000		1.77
After 4 but within 5 years	150,000		2.23		200,000		1.81
After 5 years	9,225		2.59		9,370		2.59
	1,767,751		1.43	%	2,842,896		0.95	%
Premiums on advances	6				12
Federal Home Loan Bank advances	$	1,767,757			$	2,842,908
Aggregate carrying value of assets pledged as collateral	$	5,835,397			$	5,967,318
Remaining borrowing capacity	2,066,318				1,192,758

Schedule of Long-term Debt Instruments

The following table summarizes long-term debt:

(Dollars in thousands)		At June 30, 2017			At December 31, 2016
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		(786		)	(845		)
Debt issuance cost on senior fixed-rate notes		(894		)	(961		)
Long-term debt		$	225,640		$	225,514

(1)

The interest rate on Webster Statutory Trust I floating-rate notes, which varies quarterly based on 3-month LIBOR plus 2.95%, was 4.22% at June 30, 2017 and 3.94% at December 31, 2016.