XML 54 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Borrowings and Subordinated Notes and Debentures (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Debt
Debt at June 30, 2018 and December 31, 2017 consisted of the following components: 
(In thousands)
June 30, 2018
 
December 31, 2017
Other Borrowings
 

 
 

FHLB advances, net of discount, due 2018 to 2033, 1.33% to 7.37% secured by residential real estate loans
$
1,451,811

 
$
1,261,642

Revolving credit agreement, due 10/5/2018, floating rate of 1.50% above the one month LIBOR rate, unsecured

 
75,000

Notes payable, due 10/15/2020, 3.85%, fixed rate, unsecured

 
43,382

Total other borrowings
1,451,811


1,380,024

 
 
 
 
Subordinated Notes and Debentures
 
 
 
Subordinated notes payable, due 4/1/2028, fixed-to-floating rate (fixed rate of 5.00% through 3/31/2023, floating rate of 2.15% above the three month LIBOR rate, reset quarterly)
330,000

 

Trust preferred securities, due 12/30/2033, floating rate of 2.80% above the three month LIBOR rate, reset quarterly, callable without penalty

 
20,620

Trust preferred securities, net of discount, due 6/30/2035, floating rate of 1.75% above the three month LIBOR rate, reset quarterly, callable without penalty
9,344

 
9,327

Trust preferred securities, net of discount, due 9/15/2037, floating rate of 1.37% above the three month LIBOR rate, reset quarterly
10,310

 
10,284

Trust preferred securities, net of discount, due 12/5/2033, floating rate of 2.88% above the three month LIBOR rate, reset quarterly, callable without penalty

 
5,156

Trust preferred securities, net of discount, due 10/18/2034, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty
5,155

 
5,148

Trust preferred securities, net of discount, due 6/6/2037, floating rate of 1.57% above the three month LIBOR rate, reset quarterly, callable without penalty
10,310

 
10,288

Trust preferred securities, due 12/15/2035, floating rate of 1.45% above the three month LIBOR rate, reset quarterly, callable without penalty
6,702

 
6,702

Trust preferred securities, due 6/26/2033, floating rate of 3.10% above the three month LIBOR rate, reset quarterly, callable without penalty

 
20,619

Trust preferred securities, due 10/7/2033, floating rate of 2.85% above the three month LIBOR rate, reset quarterly, callable without penalty
25,774

 
25,774

Trust preferred securities, due 9/15/2037, floating rate of 2.00% above the three month LIBOR rate, reset quarterly, callable without penalty

 
8,248

Other subordinated debentures, net of discount, due 9/30/2023, floating rate equal to daily average of prime rate, reset quarterly
19,296

 
18,399

Unamortized debt issuance costs
(3,554
)
 

Total subordinated notes and debentures
413,337


140,565

Total other borrowings and subordinated debt
$
1,865,148


$
1,520,589

Aggregate Annual Maturities of Long-term Debt
Aggregate annual maturities of long-term debt at June 30, 2018, are as follows:
 
(In thousands)
Year
 
Annual
Maturities
 
2018
 
$
1,324

 
2019
 
2,212

 
2020
 
2,109

 
2021
 
1,800

 
2022
 
949

 
Thereafter
 
911,754

 
Total
 
$
920,148