BORROWED FUNDS (Tables)

6 Months Ended

Jun. 30, 2014

BORROWED FUNDS

Schedule of borrowed funds

	June 30, 2014				December 31, 2013
			Weighted				Weighted
			Average				Average
(dollars in thousands)	Principal		Rate		Principal		Rate
Short-term borrowings:
Advances from the FHLBB	$	900,000	0.21	%	$	862,510	0.22	%
Other Borrowings	—		—		10,000		1.92
Total short-term borrowings:	900,000		0.21		872,510		0.24
Long-term borrowings:
Advances from the FHLBB	64,179		0.94		101,918		1.23
Subordinated borrowings	74,249		7.00		74,215		7.00
Junior subordinated borrowings	15,464		2.08		15,464		2.09
Total long-term borrowings:	153,892		3.98		191,597		3.53
Total	$	1,053,892	0.76	%	$	1,064,107	0.83	%

Summary of maturities of FHLBB advances

	June 30, 2014				December 31, 2013
			Weighted				Weighted
			Average				Average
(in thousands, except rates)	Principal		Rate		Principal		Rate
Fixed rate advances maturing:
2014	$	902,388	0.21	%	$	882,525	0.28	%
2015	50,000		0.29		—		—
2016	1,551		0.85		1,583		0.79
2017	5,000		4.33		5,000		4.33
2018 and beyond	5,240		3.84		5,320		3.83
Total fixed rate advances	$	964,179	0.26	%	$	894,428	0.35	%
Variable rate advances maturing:
2014	$	—	—	%	$	10,000	0.32	%
2015	—		—		20,000		0.30
2016	—		—		10,000		0.30
2017	—		—		—		—
2018 and beyond	—		—		30,000		0.30
Total variable rate advances	$	—	—	%	$	70,000	0.30	%
Total FHLBB advances	$	964,179	0.26	%	$	964,428	0.32	%