UNSECURED BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2016

UNSECURED BORROWINGS [Abstract]

Schedule of Subordinated Note Balances and Related Weighted Average Interest Rates

Note balances net of debt issuance costs, and related weighted average interest rates as of the indicated dates (calculated including issuance cost amortization and adjusted for effects of related Derivatives held as cash flow hedges) as of September 30, 2016 and December 31, 2015 were as follows (dollars in thousands):

		September 30, 2016					December 31, 2015
		Borrowings Outstanding		Average Rate			Borrowings Outstanding		Average Rate
Junior subordinated notes maturing in:
October 2035	($35,000 face amount)	$	34,267		7.92	%	$	34,234		7.91	%
December 2035	($40,000 face amount)		39,272		7.68			39,244		7.68
September 2036	($25,000 face amount)		24,526		7.72			24,508		8.96
		$	98,065		7.77		$	97,986		8.08