Short and Long-Term Funding (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Breakdown of short & long-term debt balances

The following table presents the components of short-term funding (funding with original contractual maturities of one year or less) and long-term funding (funding with original contractual maturities greater than one year):

($ in Thousands)	March 31, 2021		December 31, 2020
Short-Term Funding
Federal funds purchased	$	7,450	$	7,070
Securities sold under agreements to repurchase	131,057		185,901
Federal funds purchased and securities sold under agreements to repurchase	138,507		192,971
Commercial paper	51,171		59,346
Total short-term funding	$	189,678	$	252,317
Long-Term Funding
Bank senior notes, at par, due 2021	$	300,000	$	300,000
Corporation subordinated notes, at par, due 2025	250,000		250,000
Finance leases	1,091		1,128
Capitalized costs	(1,362)		(1,663)
FHLB advances	1,629,966		$	1,632,723
Total long-term funding	2,179,694		2,182,188
Total short and long-term funding	$	2,369,372	$	2,434,505

Remaining contractual maturity of securities sold under agreements to repurchase

The remaining contractual maturity of the securities sold under agreements to repurchase on the consolidated balance sheets as of March 31, 2021 and December 31, 2020 are presented in the following table:

	Remaining Contractual Maturity of the Agreements
($ in Thousands)	Overnight and Continuous		Up to 30 days		30-90 days		Greater than 90 days		Total
March 31, 2021
Repurchase agreements
Agency mortgage-related securities	$	131,057	$	—	$	—	$	—	$	131,057
Total	$	131,057	$	—	$	—	$	—	$	131,057
December 31, 2020
Repurchase agreements
Agency mortgage-related securities	$	185,901	$	—	$	—	$	—	$	185,901
Total	$	185,901	$	—	$	—	$	—	$	185,901