BORROWED FUNDS (Tables)

3 Months Ended

Mar. 31, 2013

BORROWED FUNDS

Schedule of borrowed funds

	March 31, 2013				December 31, 2012
			Weighted				Weighted
			Average				Average
(in thousands, except rates)	Principal		Rate		Principal		Rate
Short-term borrowings:
Advances from the FHLBB	$	114,390	0.32	%	$	153,150	0.28	%
Other Borrowings	—		—		10,000		1.96
Total short-term borrowings:	114,390		0.32		163,150		0.38
Long-term borrowings:
Advances from the FHLBB	195,208		1.14		195,321		1.18
Junior subordinated notes	74,168		7.00		74,153		7.00
Other junior subordinated notes	15,464		2.14		15,464		2.16
Total long-term borrowings:	284,840		1.96		284,938		2.76
Total	$	399,230	2.04	%	$	448,088	1.89	%

Summary of FHLBB advances

	March 31, 2013				December 31, 2012
			Weighted				Weighted
			Average				Average
(in thousands, except rates)	Principal		Rate		Principal		Rate
Fixed rate advances maturing:
2013	$	147,582	0.36	%	$	186,448	0.32	%
2014	20,215		3.01		20,280		3.04
2015	—		—		—		—
2016	1,630		0.79		1,645		0.80
2017 and beyond	5,437		3.81		5,478		3.87
Total fixed rate advances	$	174,864	0.77	%	$	213,851	0.67	%
Variable rate advances maturing:
2013	$	59,734	1.30	%	$	59,620	1.33	%
2014	10,000		0.36		10,000		0.39
2015	20,000		0.36		20,000		0.41
2016	10,000		0.36		10,000		0.41
2017 and beyond	35,000		0.93		35,000		0.97
Total variable rate advances	$	134,734	0.92	%	$	134,620	0.96	%
Total FHLBB advances	$	309,598	0.84	%	$	348,471	0.78	%