BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2014

BORROWINGS [Abstract]

Outstanding Borrowings

Outstanding borrowings at December 31 are as follows:

(000's omitted)	2014		2013
FHLB overnight advance	$	338,000	$	141,900
Capital lease obligations		0		13
Subordinated debt held by unconsolidated subsidiary trusts, net of discount of $405 and $430, respectively		102,122		102,097
Total borrowings	$	440,122	$	244,010

Borrowings by Contractual Maturity Dates

Borrowings at December 31, 2014 have contractual maturity dates as follows:

(000's omitted, except rate)	Carrying Value		Weighted-average Rate at December 31, 2014
January 2, 2015	$	338,000		0.32	%
July 31, 2031		24,802		3.81	%
December 15, 2036		77,320		1.89	%
Total	$	440,122		0.79	%

Terms of Preferred Securities

The terms of the preferred securities of each trust are as follows:

Issuance		Par		Interest	Maturity	Call
Trust	Date	Amount		Rate	Date	Price
III	7/31/2001	$	24.5 million	3 month LIBOR plus 3.58% (3.81%)	7/31/2031	Par
IV	12/8/2006	$	75 million	3 month LIBOR plus 1.65% (1.89%)	12/15/2036	Par