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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPOs) (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPOs) [Abstract]      
Balance outstanding at end of period $ 0 $ 195,000 $ 195,000
Average interest cost at end of period 0.00% 4.33% 4.33%
Average balance outstanding during period 132,910 195,000 203,055
Average interest cost during the period (in hundredths) 26.24% [1] 4.33% 4.33%
Estimated fair value of underlying collateral 0 214,446 214,539
Maximum balance outstanding at month end during the year $ 195,000 $ 195,000 $ 230,000
[1] (a) Excluding a prepayment charge of $28,772 included in interest expense on borrowed funds in the consolidated statements of operations, the average interest cost would have been 4.33% during the year ended December 31, 2012.