OTHER BORROWINGS

3 Months Ended

Mar. 31, 2016

OTHER BORROWINGS

NOTE 17 – OTHER BORROWINGS

Other borrowings, as of the indicated dates, consist of:

	March 31,		December 31,
	2016		2015
	(In thousands)
Junior subordinated debentures due in 2034,
interest-bearing at a floating rate of 2.75%
over 3-month LIBOR (3.39% as of March 31, 2016
and 3.28% as of December 31, 2015)	$	97,626	$	97,626
Junior subordinated debentures due in 2034,
interest-bearing at a floating rate of 2.50%
over 3-month LIBOR (3.12% as of March 31, 2016
and 3.07% as of December 31, 2015) (1)		118,557		128,866
	$	216,183	$	226,492
__________
(1) Refer to Note 13 - Non-Consolidated Variable Interest Entities and Servicing Assets-Trust Preferred securities for additional information about the Corporation's repurchase and cancellation of $10 million of trust preferred securities associated with these junior subordinated debentures.