XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.1
BORROWINGS (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Subordinated Borrowing
The following table provides information on subordinated debt as of the date indicated:
(In thousands)March 31, 2021December 31, 2020
Fixed to floating rate sub debt, 4.25%
$175,000 $175,000 
WashingtonFirst sub debt, 4.81%
25,000 25,000 
Revere fixed to floating rate sub debt, 5.625%
31,000 31,000 
    Total Sub debt231,000 231,000 
Less: Debt held as investments by Sandy Spring(3,000)(3,000)
Add: Purchase accounting premium1,552 1,669 
Less: Debt issuance costs(2,508)(2,581)
Long-term borrowings$227,044 $227,088