Long-Term Borrowings (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Summary of Long-Term Borrowings

Following is a summary of long-term borrowings:

TABLE 13.1

December 31	2018		2017
(in millions)
Federal Home Loan Bank advances	$	270	$	310
Subordinated notes	87		88
Junior subordinated debt	111		110
Other subordinated debt	159		160
Total long-term borrowings	$	627	$	668

Scheduled Annual Maturities for Long-Term Borrowings

Scheduled annual maturities for the long-term borrowings for the years following December 31, 2018 are as follows:

TABLE 13.2

(in millions)
2019	$	158
2020	116
2021	56
2022	8
2023	40
Later years	249
Total	$	627

Schedule of Weighted Average Interest Rate on Subordinated Notes

The weighted average interest rate on the subordinated notes are presented in the following table:

TABLE 13.3

December 31	2018		2017		2016
Subordinated notes weighted average interest rate	3.08	%	2.85	%	2.71	%

Schedule of Junior Subordinated Debt Trusts

The following table provides information relating to the Trusts as of December 31, 2018:

TABLE 13.4

(dollars in millions)	Trust Preferred Securities		Common Securities		Junior Subordinated Debt		Stated Maturity Date	Interest Rate		Rate Reset Factor
F.N.B. Statutory Trust II	$	22	$	1	$	22	6/15/2036	4.44	%	LIBOR + 165 basis points (bps)
Omega Financial Capital Trust I	26		1		27		10/18/2034	4.63	%	LIBOR + 219 bps
Yadkin Valley Statutory Trust I	25		1		21		12/15/2037	4.11	%	LIBOR + 132 bps
FNB Financial Services Capital Trust I	25		1		22		9/30/2035	4.26	%	LIBOR + 146 bps
American Community Capital Trust II	10		—		10		12/15/2033	5.19	%	LIBOR + 280 bps
Crescent Financial Capital Trust I	8		—		9		10/7/2033	5.54	%	LIBOR + 310 bps
Total	$	116	$	4	$	111