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OTHER BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
OTHER BORROWINGS
Other borrowings consist of the following:
 
December 31,
(dollars in thousands)
2017
 
2016
Federal Home Loan Bank ("FHLB") borrowings:
 
 
 
Daily Rate Credit from FHLB with a variable interest rate (1.59% at December 31, 2017 and 0.80% at December 31, 2016)
$
25,000

 
$
150,000

Advance from FHLB due January 8, 2018; fixed interest rate of 1.39%
150,000

 

Advance from FHLB due January 6, 2017; fixed interest rate of 0.56%

 
292,500

Advance from FHLB due January 9, 2017; fixed interest rate of 1.40%

 
4,002

Advance from FHLB due May 30, 2017; fixed interest rate of 1.23%

 
5,006

Subordinated notes payable:
 
 
 
Subordinated notes payable due March 15, 2027 net of unamortized debt issuance cost of $1,205; fixed interest rate of 5.75% through March 14, 2022; variable interest rate thereafter at three-month LIBOR plus 3.616%
73,795

 

Other debt:
 
 
 
Advance from correspondent bank due October 5, 2019; fixed interest rate of 4.25%
49

 
77

Advance from correspondent bank due September 5, 2026; secured by a loan receivable; fixed interest rate of 2.09%
1,710

 
1,886

Advances under revolving credit agreement with a regional bank due September 26, 2020; secured by subsidiary bank stock; variable interest rate at 90-day LIBOR plus 3.50% (4.43% at December 31, 2016)

 
38,000

Advances under revolving credit agreement with a regional bank due January 7, 2017; fixed interest rate of 8.00%

 
850

 
$
250,554

 
$
492,321