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OTHER BORROWINGS
3 Months Ended
Sep. 30, 2015
OTHER BORROWINGS

NOTE 18 – OTHER BORROWINGS

 

Other borrowings consist of:

 September 30,  December 31,
(In thousands)2015 2014
  
Junior subordinated debentures due in 2034,     
interest-bearing at a floating rate of 2.75%     
over 3-month LIBOR (3.08% as of September 30, 2015     
and 2.99% as of December 31, 2014)$ 97,626 $ 103,093
Junior subordinated debentures due in 2034,     
interest-bearing at a floating rate of 2.50%     
over 3-month LIBOR (2.82% as of September 30, 2015     
and 2.75% as of December 31, 2014)  128,866   128,866
 $ 226,492 $ 231,959