OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

OTHER BORROWINGS

Other borrowings consist of the following:

	June 30,		December 31,
(dollars in thousands)	2017		2016
FHLB borrowings:
Daily Rate Credit from FHLB with a variable interest rate (1.32% at June 30, 2017 and 0.80% at December 31, 2016)	$	254,000	$	150,000
Advance from FHLB due July 7, 2017; fixed interest rate of 1.07%		350,000		-
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
Advance from FHLB due May 30, 2017; fixed interest rate of 1.23%		-		5,006
Subordinated notes payable:
Subordinated notes payable due March 15, 2027 net of unamortized debt issuance cost of $1,270; fixed interest rate of 5.75% through March 14, 2022; variable interest rate thereafter at three-month LIBOR plus 3.616%		73,730		-
Other debt:
Advance from correspondent bank due October 5, 2019; secured by a loan receivable; fixed interest rate of 4.25%		63		77
Advance from correspondent bank due September 5, 2026; secured by a loan receivable; fixed interest rate of 2.09%		1,798		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	$	679,591	$	492,321