BORROWED FUNDS (Tables)

12 Months Ended

Dec. 31, 2014

BORROWED FUNDS

Schedule of borrowed funds

	2014				2013
			Weighted				Weighted
			Average				Average
(in thousands, except rates)	Principal		Rate		Principal		Rate
Short-term borrowings:
Advances from the FHLBB	$	890,900	0.24	%	$	862,510	0.22	%
Other Borrowings	10,000		1.80		10,000		1.92
Total short-term borrowings:	900,900		0.23		872,510		0.24
Long-term borrowings:
Advances from the FHLBB	61,676		0.93		101,918		1.23
Subordinated notes	74,283		7.00		74,215		7.00
Junior subordinated notes	15,464		2.08		15,464		2.09
Total long-term borrowings:	151,423		4.03		191,597		3.53
Total	$	1,052,323	0.79	%	$	1,064,107	0.83	%

Summary of maturities of FHLBB advances

	2014				2013
			Weighted				Weighted
(In thousands)	Amount		Average Rate		Amount		Average Rate
Fixed rate advances maturing:
2015	$	940,900	0.24	%	$	882,525	0.28	%
2016	1,519		0.88		—		—
2017	5,000		4.33		1,583		0.79
2018	—		0.00		5,000		4.33
2019 and beyond	5,157		3.85		5,320		3.83
Total fixed rate advances	952,576		0.28		894,428		0.35
Variable rate advances maturing:
2015	—		0.00		10,000		0.32
2016	—		0.00		20,000		0.30
2017	—		0.00		10,000		0.30
2018	—		0.00		—		0.00
2019 and beyond	—		0.00		30,000		0.30
Total variable rate advances	—		0.00		70,000		0.30
Total FHLBB advances	$	952,576	0.28	%	$	964,428	0.32	%