BORROWINGS AND SUBORDINATED DEBENTURES (Tables)

12 Months Ended

Dec. 31, 2012

BORROWINGS AND SUBORDINATED DEBENTURES

Summary of outstanding FHLB advances by their maturity dates

	December 31,
	2012				2011
Contractual Maturity Date	Amount		Rate		Amount		Rate
	(Dollars in thousands)
December 11, 2017	$	—		—	$	200,000		3.16	%
January 11, 2018		—		—		25,000		2.61	%
Total FHLB advances	$	—			$	225,000

Summary of the terms of each issuance of the subordinated debentures outstanding

	December 31,
	2012					2011
											Date Issued		Maturity Date			Next Reset Date
Series	Amount		Rate(1)			Amount		Rate(2)							Rate Index
	(Dollars in thousands)
Trust V	$	10,310		3.41	%	$	10,310		3.66	%		8/15/03		9/17/33	3 month LIBOR + 3.10		3/14/13
Trust VI		10,310		3.36	%		10,310		3.60	%		9/3/03		9/15/33	3 month LIBOR + 3.05		3/13/13
Trust CII		5,155		3.26	%		5,155		3.51	%		9/17/03		9/17/33	3 month LIBOR + 2.95		3/14/13
Trust VII		61,856		3.05	%		61,856		3.30	%		2/5/04		4/23/34	3 month LIBOR + 2.75		4/26/13
Trust CIII		20,619		2.00	%		20,619		2.24	%		8/15/05		9/15/35	3 month LIBOR + 1.69		3/13/13
Trust CI		—		—			10,310		11.00	%		3/23/00		3/8/30	N/A—Fixed Rate		N/A
Trust I		—		—			8,248		10.60	%		9/7/00		9/7/30	N/A—Fixed Rate		N/A
Gross subordinated debentures		108,250					126,808
Unamortized premium(3)		—					2,463
Net subordinated debentures	$	108,250				$	129,271

⁽¹⁾

As of January 28, 2013.

⁽²⁾

As of January 27, 2012.

⁽³⁾

Represents the unamortized fair value adjustment on the Trust CI subordinated debenture, which was redeemed in March 2012.