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OTHER BORROWINGS
 3 Months Ended
Sep. 30, 2013
OTHER BORROWINGS

NOTE 16 – OTHER BORROWINGS

 

Other borrowings consist of:

 

 September 30,  December 31,
 2013 2012
 (In thousands)
Junior subordinated debentures due in 2034,     
interest-bearing at a floating rate of 2.75%     
over 3-month LIBOR (3.00% as of September 30,      
2013 and 3.06% as of December 31, 2012)$ 103,093 $ 103,093
Junior subordinated debentures due in 2034,     
interest-bearing at a floating rate of 2.50%     
over 3-month LIBOR (2.75% as of September 30,      
2013 and 2.81% as of December 31, 2012)  128,866   128,866
 $ 231,959 $ 231,959