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OTHER BORROWINGS | 9 Months Ended
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Sep. 30, 2018
Subordinated Borrowings [Abstract] |
OTHER BORROWINGS | NOTE 19 – OTHER BORROWINGS Other borrowings, as of the indicated dates, consisted of:
|  | September 30, |  | December 31,
|  | 2018 |  | 2017
|  | (In thousands)
Junior subordinated debentures due in 2034, |  |  |  |  |
interest-bearing at a floating rate of 2.75% |  |  |  |  |
over 3-month LIBOR (5.08% as of September 30, 2018 |  |  |  |  |
and 4.35% as of December 31, 2017) (1) | $ | 65,593 |  | $ | 90,078
Junior subordinated debentures due in 2034, |  |  |  |  |
interest-bearing at a floating rate of 2.50% |  |  |  |  |
over 3-month LIBOR (4.84% as of September 30, 2018 |  |  |  |  |
and 4.12% as of December 31, 2017) |  | 118,557 |  |  | 118,557
| $ | 184,150 |  | $ | 208,635
(1) Refer to Note 14 - Non-Consolidated Variable Interest Entities (“VIE”) and Servicing Assets-Trust-Preferred Securities, for additional information about the Corporation's repurchase and cancellation in the first quarter of 2018 of $23.8 million in trust-preferred securities associated with these junior subordinated debentures.

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- Definition The entire disclosure for borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC's uniform net capital rule, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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