BORROWED FUNDS (Tables)

6 Months Ended

Jun. 30, 2013

BORROWED FUNDS

Schedule of borrowed funds

	June 30, 2013				December 31, 2012
			Weighted				Weighted
			Average				Average
(in thousands, except rates)	Principal		Rate		Principal		Rate
Short-term borrowings:
Advances from the FHLBB	$	415,720	0.26	%	$	153,150	0.28	%
Other Borrowings	—		—		10,000		1.96
Total short-term borrowings:	415,720		0.26		163,150		0.38
Long-term borrowings:
Advances from the FHLBB	175,106		1.15		195,321		1.18
Subordinated notes	74,183		7.00		74,153		7.00
Junior subordinated notes	15,464		2.12		15,464		2.16
Total long-term borrowings:	264,753		2.85		284,938		2.76
Total	$	680,473	1.27	%	$	448,088	1.89	%

Summary of maturities of FHLBB advances

	June 30, 2013				December 31, 2012
			Weighted				Weighted
			Average				Average
(in thousands, except rates)	Principal		Rate		Principal		Rate
Fixed rate advances maturing:
2013	$	443,821	0.28	%	$	186,448	0.32	%
2014	20,149		3.00		20,280		3.04
2015	—		—		—		—
2016	1,614		0.79		1,645		0.80
2017 and beyond	5,400		3.82		5,478		3.87
Total fixed rate advances	$	470,984	0.44	%	$	213,851	0.67	%
Variable rate advances maturing:
2013	$	44,842	1.38	%	$	59,620	1.33	%
2014	10,000		0.35		10,000		0.39
2015	20,000		0.33		20,000		0.41
2016	10,000		0.33		10,000		0.41
2017 and beyond	35,000		0.91		35,000		0.97
Total variable rate advances	$	119,842	0.90	%	$	134,620	0.96	%
Total FHLBB advances	$	590,826	0.53	%	$	348,471	0.78	%