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

9 Months Ended

Sep. 30, 2012

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Outstanding Short Term Borrowings and Long Term Debt

The following table represents outstanding short-term borrowings and long-term debt at September 30, 2012 and December 31, 2011:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at September 30, 2012		September 30, 2012		December 31, 2011
Short-term borrowings:
Short-term FHLB advances	October 1, 2012	$	215,000	$	215,000	$	—
Federal funds purchased	October 1, 2012	287,000		287,000		—
Other short-term borrowings	(1)	6,170		6,170		—
Total short-term borrowings				$	508,170	$	—
Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	347,944	$	347,793
5.70% Senior Notes (2)	June 1, 2012	—		—		143,969
6.05% Subordinated Notes (3)	June 1, 2017	45,964		55,130		55,075
7.0% Junior Subordinated Debentures	October 15, 2033	50,000		55,240		55,372
Other long-term debt	(4)	—		—		1,439
Total long-term debt				$	458,314	$	603,648

(1) Represents cash collateral received from our counterparty for our interest rate swap agreement related to our 6.05% Subordinated Notes.

(2) At December 31, 2011, included in the carrying value of our 5.70% Senior Notes was $2.6 million related to the fair value of the interest rate swap associated with the notes.

(3) At September 30, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $9.5 million and $8.8 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(4) Represents long-term notes payable related to one of our debt fund investments. The last payment related to the notes was made in April 2012.