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BORROWED FUNDS (Tables)
9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds at September 30, 2018 and December 31, 2017 are summarized, as follows:
 
 
September 30, 2018
 
December 31, 2017
(dollars in thousands)
 
Carrying Value
 
Weighted Average Rate
 
Carrying Value
 
Weighted Average Rate
Short-term borrowings
 
 

 
 

 
 

 
 

Advances from the FHLB
 
$
628,855

 
2.19
%
 
$
608,792

 
1.49
%
Other borrowings
 
37,451

 
1.04

 
40,706

 
0.59

Total short-term borrowings
 
666,306

 
2.13

 
649,498

 
1.43

Long-term borrowings
 
 
 
 
 
 
 
 
Advances from the FHLB
 
72,918

 
1.80

 
137,190

 
1.72

Subordinated borrowings
 
37,988

 
5.54

 
38,033

 
4.88

Junior subordinated borrowings
 
5,000

 
5.88

 
5,000

 
4.89

Total long-term borrowings
 
115,906

 
3.21

 
180,223

 
2.47

Total
 
$
782,212

 
2.29
%
 
$
829,721

 
1.66
%
Summary of Maturities of FHLBB Advances
A summary of maturities of FHLB advances as of September 30, 2018 is as follows:
 
 
September 30, 2018
(in thousands, except rates)
 
Carrying Value
 
Weighted Average Rate
Fixed rate advances maturing:
 
 

 
 

2018
 
$
504,178

 
2.24
%
2019
 
164,676

 
1.94

2020
 
29,947

 
1.87

2021
 
1,644

 
2.34

2022
 

 

2023 and thereafter
 
1,328

 
0.98

Total FHLB advances
 
$
701,773

 
2.15
%