XML 47 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Borrowings and Other Short-Term Liabilities (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Other Borrowings
A summary of the Corporation's short- and long-term borrowings, and other short-term liabilities follows:
 
 
March 31, 2018
 
December 31, 2017
(Dollars in thousands)
 
Amount
 
Weighted Average Rate (1)
 
Amount
 
Weighted Average Rate (1)
Short-term borrowings:
 
 
 
 
 
 
 
 
FHLB advances: 1.57% - 1.89% fixed-rate notes
 
$
2,050,000

 
1.75
%
 
$
2,000,000

 
1.39
%
Long-term borrowings:
 
 
 
 
 
 
 
 
FHLB advances: 0.92% - 2.60% fixed-rate notes due 2018 to 2020(2)
 
337,179

 
1.26

 
337,204

 
1.26

Line-of-credit: floating-rate based on one-month LIBOR plus 1.75%
 
19,968

 
3.40

 
19,963

 
3.10

Subordinated debt obligations: floating-rate based on three-month LIBOR plus 1.45% - 2.85% due 2034 to 2035(3)
 
11,461

 
4.14

 
11,425

 
3.69

Subordinated debt obligations: floating-rate based on three-month LIBOR plus 3.25% due in 2032(4)
 
4,300

 
4.94

 
4,290

 
4.59

Total long-term borrowings
 
372,908

 
1.51

 
372,882

 
1.47

Total borrowings
 
$
2,422,908

 
1.71
%
 
$
2,372,882

 
1.40
%
Other short-term liabilities:
 
 
 
 
 
 
 
 
     Collateralized customer deposits
 
$
490,107

 
0.60
%
 
$
415,236

 
0.44
%

(1) 
Weighted average rate presented is the contractual rate which excludes premiums and discounts related to purchase accounting.
(2) 
The March 31, 2018 balances include advances payable of $337.0 million and purchase accounting premiums of $0.2 million. The December 31, 2017 balance includes advances payable of $337.0 million and purchase accounting premiums of $0.2 million.
(3) 
The March 31, 2018 balance includes advances payable of $15.0 million and purchase accounting discounts of $3.5 million. The December 31, 2017 balance includes advances payable of $15.0 million and purchase accounting discounts of $3.6 million.
(4) 
The March 31, 2018 balance includes advances payable of $5.0 million and purchase accounting discounts of $0.7 million. The December 31, 2017 balance includes advances payable of $5.0 million and purchase accounting discounts of $0.7 million.