Short and Long-Term Funding (Tables)

9 Months Ended

Sep. 30, 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)	Sep 30, 2021		Dec 31, 2020
Short-Term Funding
Federal funds purchased	$	415	$	7,070
Securities sold under agreements to repurchase	267,528		185,901
Federal funds purchased and securities sold under agreements to repurchase	267,943		192,971
Commercial paper	54,553		59,346
Total short-term funding	$	322,496	$	252,317
Long-Term Funding
Bank senior notes, at par, due 2021	$	—	$	300,000
Corporation subordinated notes, at par, due 2025	250,000		250,000
Finance leases	72		1,128
Capitalized costs	(912)		(1,663)
FHLB advances	1,620,880		1,632,723
Total long-term funding	1,870,040		2,182,188
Total short and long-term funding	$	2,192,536	$	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 September 30, 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
September 30, 2021
Repurchase agreements
Agency mortgage-related securities	$	267,528	$	—	$	—	$	—	$	267,528
Total	$	267,528	$	—	$	—	$	—	$	267,528
December 31, 2020
Repurchase agreements
Agency mortgage-related securities	$	185,901	$	—	$	—	$	—	$	185,901
Total	$	185,901	$	—	$	—	$	—	$	185,901