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BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at December 31, 2016 and 2015 are summarized, as follows:



		2016							2015
(in thousands, except rates)		Principal				Weighted Average Rate			Principal				Weighted Average Rate
Short-term borrowings:
Advances from the FHLBB		$	1,072,044			0.71	%		$	1,071,200			0.43	%
Other Borrowings		10,000				2.42			—				—
Total short-term borrowings:		1,082,044				0.72			1,071,200				0.43
Long-term borrowings:
Advances from the FHLBB		142,792				1.53			103,135				1.89
Subordinated notes		73,697				7.00			73,519				7.00
Junior subordinated notes		15,464				2.77			15,464				2.23
Total long-term borrowings:		231,953				3.35			192,118				3.88
Total		$	1,313,997			1.19	%		$	1,263,318			0.96	%

Summary of Maturities of FHLBB Advances

A summary of maturities of FHLBB advances at year-end 2016 is as follows:



		2016
(In thousands)		Amount				Weighted Average Rate
Fixed rate advances maturing:
2017		$	1,157,118			0.77	%
2018		43,901				1.33
2019		—				—
2020		5,543				1.94
2021 and beyond		8,274				4.06
Total fixed rate advances		$	1,214,836			0.81

Total FHLBB advances		$	1,214,836			0.81	%