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OTHER BORROWINGS (Tables) | 9 Months Ended
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Sep. 30, 2018
Subordinated Borrowings [Abstract] |
Components of 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 Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, 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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