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


				Carrying Value
(Dollars in thousands)	Maturity	Principal value at March 31, 2012		March 31, 2012		December 31, 2011
Short-term borrowings:
Short-term FHLB advances	April 2, 2012	$	530,000	$	530,000	$	-
Federal funds purchased	April 2, 2012		315,000		315,000		-
Other short-term borrowings	(1)		4,380		4,380		-

Total short-term borrowings				$	849,380	$	-


Long-term debt:
5.375% Senior Notes	September 15, 2020	$	350,000	$	347,842	$	347,793
5.70% Senior Notes (2)	June 1, 2012		141,429		142,485		143,969
6.05% Subordinated Notes (3)	June 1, 2017		45,964		54,629		55,075
7.0% Junior Subordinated Debentures	October 15, 2033		50,000		55,328		55,372
Other long-term debt	(4)		1,551		1,551		1,439

Total long-term debt				$	601,835	$	603,648

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

(2)	At March 31, 2012 and December 31, 2011, included in the carrying value of our 5.70% Senior Notes were $1.1 million and $2.6 million, respectively, related to the fair value of the interest rate swap associated with the notes.

(3)	At both March 31, 2012 and December 31, 2011, included in the carrying value of our 6.05% Subordinated Notes were $8.8 million 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, and was payable beginning April 30, 2009 with the last payment due in April 2012.