FEDERAL HOME LOAN BANK ADVANCES AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2014

FEDERAL HOME LOAN BANK ADVANCES AND LONG-TERM DEBT

Schedule of the components of long-term debt

	December 31,
	2014		2013
	(In thousands)
Junior subordinated debt	$	145,848	$	126,868
Term loan	80,000		100,000
Total long-term debt	$	225,848	$	226,868

Summary of pertinent information related to outstanding junior subordinated debt issued by each Trust

Trust Name	Maturity Date (1)	Stated Interest Rate	Rate as of December 31, 2014		December 31,
					2014		2013
					($ in thousands)
East West Capital Trust IV	July 2034	3-month Libor + 2.55%	—		$	—	$	10,000
East West Capital Trust V	November 2034	3-month Libor + 1.80%	2.03	%	15,000		15,000
East West Capital Trust VI	September 2035	3-month Libor + 1.50%	1.74	%	20,000		20,000
East West Capital Trust VII	June 2036	3-month Libor + 1.35%	1.59	%	30,000		30,000
East West Capital Trust VIII	June 2037	3-month Libor + 1.40%	1.64	%	18,000		18,000
East West Capital Trust IX	September 2037	3-month Libor + 1.90%	2.14	%	30,000		30,000
Metro Bank Trust	December 2035	3-month Libor + 1.55%	1.79	%	35,000		—
Total					$	148,000	$	123,000

(1) All of the above debt instruments are subject to various call options.