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Borrowings (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Other Borrowings
A summary of the Corporation's short- and long-term borrowings follows:
 
 
September 30,
2016
 
December 31,
2015
(Dollars in thousands)
 
Amount
 
Weighted Average Rate (1)
 
Amount
 
Weighted Average Rate (1)
Short-term borrowings:
 
 
 
 
 
 
 
 
FHLB advances: 0.45% - 0.81% fixed-rate notes
 
$
400,000

 
0.52
%
 
$
100,000

 
0.34
%
Long-term borrowings:
 
 
 
 
 
 
 
 
FHLB advances: 0.59% - 7.44% fixed-rate notes due 2016 to 2027 (2)
 
$
494,013

 
1.45

 
181,394

 
1.41

Securities sold under agreements to repurchase: 1.48% - 4.30% fixed-rate notes due 2016 to 2017 (3)
 
42,394

 
3.61

 
17,453

 
0.27

Line-of-credit: floating-rate based on one-month LIBOR plus 1.75%
 
124,698

 
2.27

 
25,000

 
2.27

Subordinated debt obligations: floating-rate based on three-month LIBOR plus 1.45% - 2.85% due 2034 to 2035 (4)
 
11,260

 
3.09

 

 

Subordinated debt obligations: floating-rate based on three-month LIBOR plus 3.25% due in 2032 (5)
 
4,247

 
4.09

 

 

Subordinated debt obligations
 

 

 
18,544

 
3.99

Total long-term borrowings
 
$
676,612

 
1.78

 
$
242,391

 
1.59


 
(1)
Weighted average rate presented is the contractual rate which excludes premiums and discounts related to purchase accounting.
(2)
The September 30, 2016 balances include advances payable of $492.8 million and purchase accounting premiums of $1.2 million. The December 31, 2015 balance includes advances payable of $181.0 million and purchase accounting premiums of $0.4 million.
(3)
The September 30, 2016 balance includes advances payable of $42.0 million and purchase accounting premiums of $0.4 million. The December 31, 2015 balance includes advance payable of $17.0 million and purchase accounting premiums of $0.5 million.
(4)
The September 30, 2016 balance includes advances payable of $15.0 million and purchase accounting discounts of $3.7 million.
(5)
The September 30, 2016 balance includes advances payable of $5.0 million and purchase accounting discounts of $0.8 million.
Schedule of Securities Sold Under Agreements to Repurchase
The remaining contract maturity, excluding purchase accounting adjustments, of long-term securities under agreement to repurchase, is as follows:
 
September 30, 2016
 
Remaining Contractual Maturities of the Agreements
(Dollars in thousands)
Overnight and continuous
 
Up to 30 Days
 
30-90 Days
 
Greater than 90 Days
 
Total
Securities sold under agreements to repurchase
$

 
$
13,000

 
$
10,000

 
$
19,000

 
$
42,000

Total borrowings
$

 
$
13,000

 
$
10,000

 
$
19,000

 
$
42,000

Amounts related to securities sold under agreements to repurchase not included in offsetting disclosure
in Footnote 14
 
$
42,000