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BORROWED FUNDS (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds at March 31, 2018 and December 31, 2017 are summarized, as follows:
 
 
March 31, 2018
 
December 31, 2017
(dollars in thousands)
 
Carrying Value
 
Weighted Average Rate
 
Carrying Value
 
Weighted Average Rate
Short-term borrowings
 
 

 
 

 
 

 
 

Advances from the FHLB
 
$
567,372

 
1.80
%
 
$
608,792

 
1.49
%
Other borrowings
 
31,615

 
0.89

 
40,706

 
0.59

Total short-term borrowings
 
598,987

 
1.75

 
649,498

 
1.43

Long-term borrowings
 
 
 
 
 
 
 
 
Advances from the FHLB
 
143,211

 
1.83

 
137,190

 
1.72

Subordinated borrowings
 
38,018

 
5.36

 
38,033

 
4.88

Junior subordinated borrowings
 
5,000

 
5.41

 
5,000

 
4.89

Total long-term borrowings
 
186,229

 
2.65

 
180,223

 
2.47

Total
 
$
785,216

 
1.96
%
 
$
829,721

 
1.66
%
Summary of Maturities of FHLBB Advances
A summary of maturities of FHLB advances as of March 31, 2018 is as follows:
 
 
March 31, 2018
(in thousands, except rates)
 
Carrying Value
 
Weighted Average Rate
Fixed rate advances maturing:
 
 

 
 

2018
 
$
531,680

 
1.78
%
2019
 
146,661

 
1.88

2020
 
29,929

 
1.88

2021
 
1,637

 
2.35

2022
 

 

2023 and thereafter
 
676

 
2.87

Total FHLB advances
 
$
710,583

 
1.81
%