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OTHER BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2012
Components of Other Borrowings

Other borrowings consist of:

 

(In thousands)    September 30,
2012
     December 31,
2011
 

Junior subordinated debentures due in 2034, interest-bearing at a floating-rate of 2.75% over 3-month LIBOR (3.14% as of September 30, 2012 and 3.31% as of December 31, 2011)

   $ 103,093      $ 103,093  

Junior subordinated debentures due in 2034, interest-bearing at a floating-rate of 2.50% over 3-month LIBOR (2.89% as of September 30, 2012 and 3.06% as of December 31, 2011)

     128,866        128,866  
  

 

 

    

 

 

 
   $ 231,959      $ 231,959