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

12 Months Ended

Dec. 31, 2016

The following table represents outstanding short-term borrowings and long-term debt at December 31, 2016 and 2015:



				Carrying Value
(Dollars in thousands)	Maturity	Principal value at December 31, 2016		December 31, 2016		December 31, 2015
Short-term borrowings:
Short-term FHLB advances	January 6, 2017	$	500,000	$	500,000	$	638,000
Federal funds purchased	-	—		—		135,000
Other short-term borrowings	(1)	12,668		12,668		1,900
Total short-term borrowings				$	512,668	$	774,900
Long-term debt:
3.50% Senior Notes	January 29, 2025	$	350,000	$	346,979	$	346,667
5.375% Senior Notes	September 15, 2020	350,000		347,586		347,016
6.05% Subordinated Notes (2)	June 1, 2017	45,964		46,646		48,350
7.0% Junior Subordinated Debentures	October 15, 2033	50,000		54,493		54,669
Total long-term debt				$	795,704	$	796,702


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


(2)	At December 31, 2016 and 2015, included in the carrying value of our 6.05% Subordinated Notes were $0.8 million and $2.8 million, respectively, related to hedge accounting associated with the notes.

The aggregate annual maturities of long-term debt obligations as of December 31, 2016 are as follows:



Year ended December 31, (Dollars in thousands):	Amount
2017	$	46,646
2018	—
2019	—
2020	347,586
2021	—
2022 and thereafter	401,472
Total	$	795,704