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

12 Months Ended

Dec. 31, 2021

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

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2021 and 2020 and the related maximum amounts outstanding at the end of any month in each of the three years then ended are presented below.

	December 31				Maximum Outstanding
	2021		2020		2021		2020
	(in thousands)
Federal funds purchased	$	—	$	—	$	—	$	200,000
Short-term FHLB advances (1)	—		—		—		980,000
Customer funding (2)	416,764		630,066		552,547		630,066
Total short-term borrowings	$	416,764	$	630,066

(1) Represents FHLB advances with an original maturity term of less than one year.

(2) Includes short-term promissory notes.

Schedule of Long-term Debt Instruments

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

	2021		2020
	(in thousands)
FHLB advances	$	—	$	535,973
Subordinated debt	543,778		625,000
Senior notes	65,000		125,000
Junior subordinated deferrable interest debentures	16,496		16,496
Other long-term debt	939		507
Unamortized discounts and issuance costs	(4,868)		(6,713)
Total long-term borrowings	$	621,345	$	1,296,263

Schedule of Maturities of Long-term Debt

The following table summarizes the scheduled maturities with an original maturity of one year or more and long-term borrowings as of December 31, 2021 (in thousands):

Year
2022	$	65,313
2023	313
2024	169,091
2025	—
2026	—
Thereafter	391,496
Unamortized discounts and issuance costs	(4,868)
	$	621,345

Schedule of Subordinated Borrowing

The following table provides details of the debentures as of December 31, 2021 (dollars in thousands):

Debentures Issued to	Fixed/ Variable	Interest Rate		Amount		Maturity	Callable	Call Price
Columbia Bancorp Statutory Trust	Variable	2.78	%	$	6,186	06/30/34	03/31/22	100.0
Columbia Bancorp Statutory Trust II	Variable	2.09	%	4,124		03/15/35	03/15/22	100.0
Columbia Bancorp Statutory Trust III	Variable	1.97	%	6,186		06/15/35	03/15/22	100.0
				$	16,496