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BORROWED FUNDS (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Borrowed Funds
Borrowed funds at June 30, 2018 and December 31, 2017 are summarized, as follows:
 
 
June 30, 2018
 
December 31, 2017
(dollars in thousands)
 
Carrying Value
 
Weighted Average Rate
 
Carrying Value
 
Weighted Average Rate
Short-term borrowings
 
 

 
 

 
 

 
 

Advances from the FHLB
 
$
566,961

 
1.95
%
 
$
608,792

 
1.49
%
Other borrowings
 
34,740

 
0.99

 
40,706

 
0.59

Total short-term borrowings
 
601,701

 
1.89

 
649,498

 
1.43

Long-term borrowings
 
 
 
 
 
 
 
 
Advances from the FHLB
 
134,223

 
1.73

 
137,190

 
1.72

Subordinated borrowings
 
38,003

 
5.48

 
38,033

 
4.88

Junior subordinated borrowings
 
5,000

 
5.75

 
5,000

 
4.89

Total long-term borrowings
 
177,226

 
2.65

 
180,223

 
2.47

Total
 
$
778,927

 
2.06
%
 
$
829,721

 
1.66
%
Summary of Maturities of FHLBB Advances
A summary of maturities of FHLB advances as of June 30, 2018 is as follows:
 
 
June 30, 2018
(in thousands, except rates)
 
Carrying Value
 
Weighted Average Rate
Fixed rate advances maturing:
 
 

 
 

2018
 
$
506,267

 
1.96
%
2019
 
146,668

 
1.85

2020
 
29,938

 
1.64

2021
 
1,641

 
0.61

2022
 
15,000

 
1.33

2023 and thereafter
 
1,670

 
0.01

Total FHLB advances
 
$
701,184

 
1.90
%