OTHER BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

OTHER BORROWINGS

Other borrowings consist of the following:

(dollars in thousands)	March 31, 2017		December 31, 2016
FHLB borrowings:
Advance from FHLB due April 6, 2017; fixed interest rate of 0.71%	$	445,000	$	-
Advance from FHLB due May 30, 2017; fixed interest rate of 1.23%		5,002		5,006
Daily Rate Credit from FHLB with a variable interest rate (0.80% at December 31, 2016)		-		150,000
Advance from FHLB due January 6, 2017; fixed interest rate of 0.56%		-		292,500
Advance from FHLB due January 9, 2017; fixed interest rate of 1.40%		-		4,002
Subordinated notes payable:
Subordinated notes payable due March 15, 2027 net of unamortized debt issuance cost of $1,245; fixed interest rate of 5.75% through March 14, 2022; variable interest rate thereafter at three-month LIBOR plus 3.616%		73,755		-
Other debt:
Advance from correspondent bank due October 5, 2019; secured by a loan receivable; fixed interest rate of 4.25%		70		77
Advance from correspondent bank due September 5, 2026; secured by a loan receivable; fixed interest rate of 2.09%		1,842		1,886
Advances under revolving credit agreement with a regional bank due September 26, 2017; secured by subsidiary bank stock; variable interest rate at 90-day LIBOR plus 3.50% (4.43% at December 31, 2016)		-		38,000
Advances under revolving credit agreement with a regional bank due January 7, 2017; fixed interest rate of 8.00%		-		850
Total	$	525,669	$	492,321