OTHER BORROWINGS

12 Months Ended

Dec. 31, 2018

Subordinated Borrowings [Abstract]

OTHER BORROWINGS [Text Block]

NOTE 20 – OTHER BORROWINGS

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

		December 31,		December 31,
(In thousands)		2018		2017
Junior subordinated debentures due in 2034,
interest-bearing at a floating rate of 2.75%
over 3-month LIBOR (5.54% as of December 31, 2018
and 4.35% as of December 31, 2017) (1)		$	65,593	$	90,078
Junior subordinated debentures due in 2034,
interest-bearing at a floating rate of 2.50%
over 3-month LIBOR (5.29% as of December 31, 2018
and 4.12% as of December 31, 2017)			118,557		118,557
		$	184,150	$	208,635
(1)	Refer to Note 15 - Non-Consolidated Variable Interest Entities and Servicing Assets-Trust-Preferred Securities, for additional information about the Corporation's repurchase and cancellation in the first quarter of 2018 of $23.8 million in trust-preferred securities associated with these junior subordinated debentures.