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BORROWED FUNDS (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds at September 30, 2017 and December 31, 2016 are summarized, as follows:
 
 
September 30, 2017
 
December 31, 2016
(dollars in thousands)
 
Carrying Value
 
Weighted
Average
Rate
 
Carrying Value
 
Weighted
Average
Rate
Short-term borrowings
 
 

 
 

 
 

 
 

Advances from the FHLBB
 
$
506,000

 
1.36
%
 
$
372,700

 
0.97
%
Other borrowings
 
41,600

 
0.56

 
21,780

 
0.29

Total short-term borrowings
 
547,600

 
1.30

 
394,480

 
0.93

Long-term borrowings
 
 
 
 
 
 
 
 
Advances from the FHLBB
 
227,982

 
1.50

 
137,116

 
1.59

Subordinated borrowings
 
38,048

 
5.46

 

 

Junior subordinated borrowings
 
5,000

 
4.81

 
5,000

 
4.41

Total long-term borrowings
 
271,030

 
2.11

 
142,116

 
1.69

Total
 
$
818,630

 
1.57
%
 
$
536,596

 
1.13
%
Summary of Maturities of FHLBB Advances
A summary of maturities of FHLBB advances as of September 30, 2017 is as follows:
 
 
September 30, 2017
(in thousands, except rates)
 
Carrying Value
 
Weighted
Average
Rate
Fixed rate advances maturing:
 
 

 
 

2017
 
$
416,000

 
1.32
%
2018
 
165,805

 
1.49

2019
 
104,947

 
1.63

2020
 
29,911

 
1.76

2021
 
1,630

 
1.49

2022 and thereafter
 
15,689

 
0.36

Total FHLBB advances
 
$
733,982

 
1.40
%