BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2016

BORROWINGS [Abstract]

Outstanding Borrowings

Outstanding borrowings at December 31 are as follows:

(000's omitted)	2016		2015
FHLB overnight advance	$	146,200	$	301,300
Subordinated debt held by unconsolidated subsidiary trusts, net of discount of $357 and $381, respectively		102,170		102,146
Total borrowings	$	248,370	$	403,446

Borrowings by Contractual Maturity Dates

Borrowings at December 31, 2016 have contractual maturity dates as follows:

(000's omitted, except rate)	Carrying Value		Weighted-average Rate at December 31, 2016
January 3, 2017	$	146,200		0.74	%
July 31, 2031		24,850		4.47	%
December 15, 2036		77,320		2.61	%
Total	$	248,370		1.70	%

Terms of Preferred Securities

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

Trust	Issuance Date	Par Amount	Interest Rate	Maturity Date	Call Price
III	7/31/2001	$24.5 million	3 month LIBOR plus 3.58% (4.47%)	7/31/2031	Par
IV	12/8/2006	$75 million	3 month LIBOR plus 1.65% (2.61%)	12/15/2036	Par