(1)	Interest is payable monthly.

As of December 31, 2021, there were no long-term borrowings compared to $200.0 million in long-term borrowings as of December 31, 2020. The Company’s long-term borrowings were terminated in November 2021 and included $200.0 million in FHLB fixed-rate advances with a weighted average interest rate of 2.73% and original maturity dates ranging from 2023 to 2024. The FHLB fixed-rate advances required monthly interest-only payments with the principal amount due on the maturity date. The Company incurred fees of $9.0 million related to the early termination of the FHLB fixed-rate advances. These fees were recorded as a component of other noninterest expense in the Company’s consolidated statements of income. As of December 31, 2021, the Company had an undrawn line of credit of $1.8 billion from the FHLB. As of December 31, 2020, the available remaining borrowing capacity with the FHLB was $2.0 billion. The FHLB borrowing capacity as of December 31, 2021 and the fixed-rate advances and remaining borrowing capacity as of December 31, 2020 were secured by residential real estate loan collateral. As of both December 31, 2021 and 2020, the Company had an undrawn line of credit of $1.1 billion from the FRB. The borrowing capacity with the FRB was secured by consumer, commercial and industrial, commercial real estate and residential real estate loans as of December 31, 2021 and 2020. See “Note 8. Transfers of Financial Assets” for more information.

At December 31, 2020, the Company’s long-term borrowings included a finance lease obligation with a 6.78% annual interest rate that matures in 2022.