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

12 Months Ended

Dec. 31, 2015

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

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2015, 2014 and 2013 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
	2015		2014		2013		2015		2014		2013
	(in thousands)
Federal funds purchased	$	197,235	$	6,219	$	582,436	$	266,338	$	577,581	$	848,179
Short-term FHLB advances (1)	110,000		70,000		400,000		200,000		600,000		600,000
Customer repurchase agreements	111,496		158,394		175,621		212,509		244,729		215,305
Customer short-term promissory notes	78,932		95,106		100,572		93,176		95,106		115,129
	$	497,663	$	329,719	$	1,258,629

Schedule of Repurchase Agreements

The following table presents information related to customer repurchase agreements:

	2015			2014			2013
	(dollars in thousands)
Amount outstanding as of December 31	$	111,496		$	158,394		$	175,621
Weighted average interest rate as of December 31	0.15		%	0.13		%	0.12		%
Average amount outstanding during the year	$	161,093		$	197,432		$	186,851
Weighted average interest rate during the year	0.10		%	0.10		%	0.11		%

Schedule of Long-term Debt Instruments

FHLB advances with an original maturity of one year or more and long-term debt included the following as of December 31:

	2015			2014
	(in thousands)
FHLB advances	$	587,756		$	673,107
Subordinated debt	350,000			300,000
Junior subordinated deferrable interest debentures	16,496			171,136
Unamortized discounts and issuance costs	(4,710		)	(4,830		)
	$	949,542		$	1,139,413

Schedule of Maturities of Long-term Debt

The following table summarizes the scheduled maturities of FHLB advances with an original maturity of one year or more and long-term debt as of December 31, 2015 (in thousands):

Year
2016	$	235,937
2017	114,539
2018	—
2019	186,760
2020	142,370
Thereafter	269,936
	$	949,542

Schedule of Subordinated Borrowing

The following table provides details of the debentures as of December 31, 2015 (dollars in thousands):

Debentures Issued to	Fixed/ Variable	Interest Rate		Amount		Maturity	Callable	Call Price
Columbia Bancorp Statutory Trust	Variable	2.88	%	$	6,186	06/30/34	03/31/16	100.0
Columbia Bancorp Statutory Trust II	Variable	2.40	%	4,124		03/15/35	03/15/16	100.0
Columbia Bancorp Statutory Trust III	Variable	2.28	%	6,186		06/15/35	03/15/16	100.0
				$	16,496