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

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Outstanding Short Term Borrowings and Long Term Debt

The following table represents outstanding short-term borrowings and long-term debt at September 30, 2014 and December 31, 2013:

				Carrying Value
(Dollars in thousands)	Maturity	Principal value at September 30, 2014		September 30, 2014		December 31, 2013
Short-term borrowings:
Other short-term borrowings	(1)	$	6,630	$	6,630	$	5,080
Total short-term borrowings				$	6,630	$	5,080
Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	348,378	$	348,209
6.05% Subordinated Notes (2)	June 1, 2017	45,964		50,497		51,987
7.0% Junior Subordinated Debentures	October 15, 2033	50,000		54,889		55,020
Total long-term debt				$	453,764	$	455,216

(1) Represents cash collateral received from certain counterparties in relation to market value exposures of derivative contracts in our favor, primarily for our interest rate swap agreement related to our 6.05% Subordinated Notes.

(2) At September 30, 2014 and December 31, 2013, included in the carrying value of our 6.05% Subordinated Notes was an interest rate swap valued at $5.0 million and $6.5 million, respectively, related to hedge accounting associated with the notes.