Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Short-Term Borrowings and Long-Term Debt [Abstract]

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2014, 2013 and 2012 and the related maximum amounts outstanding at the end of any month in each of the three years then ended are presented below. The securities underlying the repurchase agreements remain in available for sale investment securities.

	December 31						Maximum Outstanding
	2014		2013		2012		2014		2013		2012
	(in thousands)
Federal funds purchased	$	6,219	$	582,436	$	592,470	$	577,581	$	848,179	$	636,562
Short-term FHLB advances (1)	70,000		400,000		—		600,000		600,000		25,000
Customer repurchase agreements	158,394		175,621		156,238		244,729		215,305		258,734
Customer short-term promissory notes	95,106		100,572		119,691		95,106		115,129		152,570
	$	329,719	$	1,258,629	$	868,399

Schedule of Repurchase Agreements

The following table presents information related to customer repurchase agreements:

	2014			2013			2012
	(dollars in thousands)
Amount outstanding as of December 31	$	158,394		$	175,621		$	156,238
Weighted average interest rate at year end	0.13		%	0.12		%	0.16		%
Average amount outstanding during the year	$	197,432		$	186,851		$	206,842
Weighted average interest rate during the year	0.10		%	0.11		%	0.12		%

Schedule of Long-term Debt Instruments

FHLB advances and long-term debt included the following as of December 31:

	2014			2013
	(in thousands)
FHLB advances	$	673,107		$	513,854
Subordinated debt	300,000			200,000
Junior subordinated deferrable interest debentures	171,136			171,136
Unamortized issuance costs and other	(4,830		)	(1,406		)
	$	1,139,413		$	883,584

Schedule of Maturities of Long-term Debt

The following table summarizes the scheduled maturities of FHLB advances and long-term debt as of December 31, 2014 (in thousands):

Year
2015	$	184,950
2016	236,015
2017	314,702
2018	—
2019	127,007
Thereafter	276,739
	$	1,139,413

Schedule of Subordinated Borrowing

The following table provides details of the debentures as of December 31, 2014 (dollars in thousands):

Debentures Issued to	Fixed/ Variable	Interest Rate		Amount		Maturity	Callable	Call Price
Columbia Bancorp Statutory Trust	Variable	2.91	%	$	6,186	06/30/34	03/31/14	100.0
Columbia Bancorp Statutory Trust II	Variable	2.13	%	4,124		03/15/35	03/15/14	100.0
Columbia Bancorp Statutory Trust III	Variable	2.01	%	6,186		06/15/35	03/15/14	100.0
Fulton Capital Trust I	Fixed	6.29	%	154,640		02/01/36	N/A	N/A
				$	171,136

N/A – Not applicable.