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MANDATORILY REDEEMABLE PREFERRED SECURITIES (Tables) | 3 Months Ended
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Mar. 31, 2017
MANDATORILY REDEEMABLE PREFERRED SECURITIES [Abstract] |
Terms of Preferred Securities for Each Trust | The terms of the preferred securities of each trust are as follows:
Trust | Issuance Date | Par Amount | Interest Rate | Maturity Date | Call Price
III | 7/31/2001 | $24.5 million | 3 month LIBOR plus 3.58% (4.62%) | 7/31/2031 | Par
IV | 12/8/2006 | $75 million | 3 month LIBOR plus 1.65% (2.78%) | 12/15/2036 | Par

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- Definition Tabular disclosure of information pertaining to subordinated long-term debt owed to unconsolidated subsidiary trusts, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- References No definition available. + Details
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