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Borrowings (Tables)
 12 Months Ended
Dec. 31, 2019
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)20192018
Total OutstandingRateTotal OutstandingRate
Securities sold under agreements to repurchase (1):
Original maturity of one year or less$240,431  0.19 %$236,874  0.35 %
Original maturity of greater than one year, non-callable200,000  1.78  —  —  
Total securities sold under agreements to repurchase440,431  0.91  236,874  0.35  
Fed funds purchased600,000  1.59  345,000  2.52  
Securities sold under agreements to repurchase and other borrowings$1,040,431  1.30  $581,874  1.64  
(1)The Company has right of offset with respect to all repurchase agreement assets and liabilities. Total securities sold under agreements to repurchase are presented as gross transactions, as only liabilities are outstanding for the periods presented.
Repurchase agreements are used as a source of borrowed funds and are collateralized by U.S. Government agency mortgage-backed securities. Repurchase agreement counterparties are limited to primary dealers in government securities and commercial/municipal customers through the Corporate Treasury function.
Federal Home Loan Bank, Advances
The following table provides information for FHLB advances:
At December 31,
20192018
(Dollars in thousands)Total
Outstanding		Weighted-
Average Contractual Coupon Rate		Total
Outstanding		Weighted-
Average Contractual Coupon Rate
Maturing within 1 year$1,690,000  1.79 %$1,403,026  2.55 %
After 1 but within 2 years200,000  2.53  215,000  1.73  
After 2 but within 3 years130  —  200,000  3.16  
After 3 but within 4 years229  2.95  150  —  
After 4 but within 5 years50,000  1.59  242  2.95  
After 5 years8,117  2.66  8,390  2.65  
FHLB advances$1,948,476  1.87  $1,826,808  2.52  
Aggregate carrying value of assets pledged as collateral$7,318,748  $6,689,761  
Remaining borrowing capacity 2,937,644  2,568,664  
Webster Bank is in compliance with FHLB collateral requirements for the periods presented. Eligible collateral, primarily certain residential and commercial real estate loans, has been pledged to secure FHLB advances.
Schedule of Long-Term Debt
The following table summarizes long-term debt:
At December 31,
(Dollars in thousands)20192018
4.375%  Senior fixed-rate notes due February 15, 2024$150,000  $150,000  
4.100 %
Senior fixed-rate notes due March 25, 2029 (1)
317,486  —  
Junior subordinated debt Webster Statutory Trust I floating-rate notes due September 17, 2033 (2)
77,320  77,320  
Total notes and subordinated debt544,806  227,320  
Discount on senior fixed-rate notes(1,412) (608) 
Debt issuance cost on senior fixed-rate notes(3,030) (691) 
Long-term debt$540,364  $226,021  
(1)In March 2019, the Company completed a $300 million senior fixed-rate notes issuance. The fixed interest rate has been designated in a fair value hedging relationship and swapped to a weighted-average variable rate of 3.40% at December 31, 2019. The $17.5 million basis adjustment included in the carrying value reflects the changes in the benchmark rate.
(2)The interest rate on Webster Statutory Trust I floating-rate notes, which varies quarterly based on 3-month LIBOR plus 2.95%, was 4.85% at December 31, 2019 and 5.74% at December 31, 2018.