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BORROWED FUNDS (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds at March 31, 2019 and December 31, 2018 are summarized, as follows:
 
 
March 31, 2019
 
December 31, 2018
(dollars in thousands)
 
Carrying Value
 
Weighted Average Rate
 
Carrying Value
 
Weighted Average Rate
Short-term borrowings
 
 

 
 

 
 

 
 

Advances from the FHLB
 
$
655,629

 
2.51
%
 
$
611,683

 
2.47
%
Other borrowings
 
34,680

 
1.42

 
36,211

 
1.09

Total short-term borrowings
 
690,309

 
2.46

 
647,894

 
2.39

Long-term borrowings
 
 
 
 
 
 
 
 
Advances from the FHLB
 
12,974

 
1.75

 
32,929

 
1.86

Subordinated borrowings
 
37,958

 
5.96

 
37,973

 
5.58

Junior subordinated borrowings
 
5,000

 
6.18

 
5,000

 
5.96

Total long-term borrowings
 
55,932

 
5.01

 
75,902

 
3.99

Total
 
$
746,241

 
2.65
%
 
$
723,796

 
2.56
%
Summary of Maturities of FHLBB Advances
A summary of maturities of FHLB advances as of March 31, 2019 is, as follows:
 
 
March 31, 2019
(in thousands, except rates)
 
Carrying Value
 
Weighted Average Rate
Fixed rate advances maturing:
 
 

 
 

2019
 
$
635,664

 
2.54
%
2020
 
29,965

 
1.78

2021
 
1,651

 
1.69

2022
 

 

2023
 
1,000

 

2024 and thereafter
 
323

 
1.78

Total FHLB advances
 
$
668,603

 
2.50
%