Short and Long-Term Funding (Tables)

3 Months Ended

Mar. 31, 2022

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)	Mar 31, 2022		Dec 31, 2021
Short-Term Funding
Federal funds purchased	$	100,060	$	120
Securities sold under agreements to repurchase	268,708		319,412
Federal funds purchased and securities sold under agreements to repurchase	368,768		319,532
Commercial paper	30,593		34,730
Total short-term funding	$	399,361	$	354,262
Long-Term Funding
Corporation subordinated notes, at par, due 2025	$	250,000	$	250,000
Capitalized costs	(765)		(839)
Finance leases	562		163
Total long-term funding	249,797		249,324
Total short and long-term funding, excluding FHLB advances	$	649,158	$	603,587
FHLB Advances
Short-term FHLB advances	$	320,000	$	—
Long-term FHLB advances	1,217,948		1,621,047
Total FHLB advances	$	1,537,948	$	1,621,047
Total short and long-term funding	$	2,187,106	$	2,224,633

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, 2022 and December 31, 2021 are presented in the following table:

	Overnight and Continuous
($ in Thousands)	March 31, 2022		December 31, 2021
Repurchase agreements
Agency mortgage-related securities	$	268,708	$	319,412