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LONG-TERM DEBT
6 Months Ended
Jun. 30, 2017
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 included 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.  The proceeds from the term loan were used to repurchase trust preferred securities.  All principal and interest due under the Credit Agreement were repaid in full in October 2016. 

The Company had no long-term borrowings from U.S. Bank pursuant to the Credit Agreement at June 30, 2017 or December 31, 2016.  The Company had long-term borrowings from FHLB of $230.0 million and $530.0 million at June 30, 2017 and December 31, 2016, respectively.