Borrowings (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Short Term Borrowings

Short-term debt at December 31, 2015 and 2014 was as follows:

	December 31,
	2015				2014
	Amount		Rate		Amount		Rate
(amounts in thousands)
FHLB advances	$	1,365,300	0.48	%	$	1,298,000	0.29	%
Federal funds purchased	70,000		0.56		—		—
Total short-term debt	$	1,435,300			$	1,298,000

Summary of Bancorps Short Term Borrowings

The following is a summary of additional information relating to Customers' short-term debt:

	December 31,
	2015			2014			2013
(amounts in thousands)
FHLB advances:
Maximum outstanding at any month end	$	1,365,300		$	1,383,000		$	769,750
Average balance during the year	844,835			898,396			120,309
Weighted-average interest rate during the year	0.60		%	0.46		%	0.55		%
Federal funds purchased:
Maximum outstanding at any month end	85,000			35,000			125,000
Average balance during the year	41,397			13,312			32,351
Weighted-average interest rate during the year	0.35		%	0.31		%	0.31		%

Contractual Maturities of Long-Term Advances

The contractual maturities of long-term advances from the FHLB were as follows:

	December 31,
	2015				2014
	Amount		Rate		Amount		Rate
(amounts in thousands)
2016	$	—	—	%	$	85,000	0.59	%
2017	205,000		1.18		180,000		1.21
2018	55,000		1.61		55,000		1.61
	$	260,000			$	320,000