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Borrowings (Tables) | 9 Months Ended
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Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Repurchase Agreements |
|  | September 30, 2020 | December 31, 2019
|  |  | Repurchase |  | Repurchase |
(In thousands) |  | liability |  | liability |
U.S. Treasury securities |  |  |  |  |
| Within 30 days | $ | 14,861 | $ | 88,646 |
| After 30 to 90 days |  | 14,636 |  | 78,061 |
| After 90 days |  | 72,457 |  | 24,538 |
Total U.S. Treasury securities |  | 101,954 |  | 191,245 |
Mortgage-backed securities |  |  |  |  |
| Within 30 days |  | 2,961 |  | 1,235 |
| After 90 days |  | 287 |  | - |
Total mortgage-backed securities |  | 3,248 |  | 1,235 |
Collateralized mortgage obligations |  |  |  |  |
| Within 30 days |  | 826 |  | 898 |
Total collateralized mortgage obligations |  | 826 |  | 898 |
Total | $ | 106,028 | $ | 193,378 |
Notes Payable |
(In thousands) | September 30, 2020 |  | December 31, 2019
Advances with the FHLB with maturities ranging from 2020 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 4.19% | $ | 519,208 |  | $ | 421,399
Advances with the FRB maturing on 2022 paying interest annually at a fixed rate of 0.35% |  | 1,009 |  |  | -
Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 3,743 |  | 296,257 |  |  | 295,307
Junior subordinated deferrable interest debentures (related to trust preferred securities) with maturities ranging from 2033 to 2034 with fixed interest rates ranging from 6.125% to 6.7%, net of debt issuance costs of $375 |  | 384,922 |  |  | 384,902
Total notes payable | $ | 1,201,396 |  | $ | 1,101,608
Note: Refer to the Corporation's 2019 Form 10-K for rates information at December 31, 2019.
Maturity distribution of debt securities |
|  | Assets sold under |  | Short-term |  |  |
(In thousands) |  | agreements to repurchase |  | borrowings |  | Notes payable | Total
2020 | $ | 33,284 | $ | 100,000 | $ | 11,931 | $ | 145,215
2021 |  | 72,744 |  | - |  | 50,040 |  | 122,784
2022 |  | - |  | - |  | 104,156 |  | 104,156
2023 |  | - |  | - |  | 339,518 |  | 339,518
2024 |  | - |  | - |  | 91,943 |  | 91,943
Later years |  | - |  | - |  | 603,808 |  | 603,808
Total borrowings | $ | 106,028 | $ | 100,000 | $ | 1,201,396 | $ | 1,407,424

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- Definition Tabular disclosure of current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. + References No definition available. + Details
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