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LONG-TERM DEBT
9 Months Ended
Sep. 30, 2016
LONG-TERM DEBT [Abstract]  
LONG-TERM DEBT



NOTE 17 – LONG-TERM DEBT



On August 8, 2013, the Company entered into a Credit Agreement with U.S. Bank National Association (“U.S. Bank”) as a lender and administrative agent, and First Tennessee Bank, National Association, as a lender.  The Credit Agreement includes an unsecured revolving loan of up to $25.0 million that terminated and the outstanding balance of which was payable in full on August 8, 2015, which the Bank did not renew, and an unsecured multi-draw term loan of up to $60.0 million, which commitment terminated on February 28, 2014 and the outstanding balance of which is payable in full on August 8, 2018.  The proceeds from the term loan were used to repurchase trust preferred securities.  Borrowings under the Credit Agreement bear interest at a Eurocurrency or base rate plus, in each case, an applicable interest rate margin. 

The Company had long-term borrowings from U.S. Bank pursuant to the Credit Agreement totaling $33.5 million at September 30, 2016 and $39.8 million at December 31, 2015.  The Company also had long-term borrowings from FHLB of $530.0 million at September 30, 2016 and $30.0 million at December 31, 2015.