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BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Borrowed Funds

Borrowed funds at December 31, 2019 and 2018 are summarized, as follows:



		2019							2018
(in thousands, except rates)		Principal				Weighted Average Rate			Principal				Weighted Average Rate
Short-term borrowings:
Advances from the FHLBB		$	125,000			2.06	%		$	1,118,832			2.58	%
Total short-term borrowings:		125,000				2.06			1,118,832				2.58
Long-term borrowings:
Advances from the FHLBB		605,501				2.16			309,466				2.17
Subordinated notes		74,232				7.00			74,054				7.00
Junior subordinated borrowing - Trust I		15,464				3.76			15,464				4.50
Junior subordinated borrowing - Trust II		7,353				3.59			—				—
Total long-term borrowings:		702,550				2.72			398,984				3.16
Total		$	827,550			2.62	%		$	1,517,816			2.73	%

Summary of Maturities of FHLBB Advances

A summary of maturities of FHLBB advances at year-end 2019 is as follows:



		2019
(In thousands)		Amount				Weighted Average Rate
Fixed rate advances maturing:
2020		$	419,996			2.25	%
2021		231,476				2.00
2022		59,349				1.92
2023		11,924				2.23
2024 and beyond		7,756				1.82
Total FHLBB advances		$	730,501			2.14	%