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v3.20.2

Debt securities available-for-sale (Tables) | 9 Months Ended
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Sep. 30, 2020
Investments [Abstract] |
Debt Securities, Available-For-Sale |
|  | At September 30, 2020 |
|  |  |  | Gross | Gross |  |  | Weighted |
|  | Amortized | unrealized | unrealized | Fair | average |
(In thousands) | cost | gains | losses | value | yield |
U.S. Treasury securities |  |  |  |  |  |  |  |  |  |
| Within 1 year | $ | 5,379,791 | $ | 16,184 | $ | - | $ | 5,395,975 | 0.65 | %
| After 1 to 5 years |  | 5,029,655 |  | 270,498 |  | - |  | 5,300,153 | 2.09 |
| After 5 to 10 years |  | 886,769 |  | 64,694 |  | - |  | 951,463 | 1.72 |
Total U.S. Treasury securities |  | 11,296,215 |  | 351,376 |  | - |  | 11,647,591 | 1.37 |
Obligations of U.S. Government sponsored entities |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 59,977 |  | 302 |  | - |  | 60,279 | 1.47 |
| After 1 to 5 years |  | 90 |  | 2 |  | - |  | 92 | 5.63 |
Total obligations of U.S. Government sponsored entities |  | 60,067 |  | 304 |  | - |  | 60,371 | 1.48 |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 20 |  | - |  | - |  | 20 | 1.37 |
| After 1 to 5 years |  | 239 |  | 3 |  | - |  | 242 | 2.16 |
| After 5 to 10 years |  | 69,780 |  | 1,184 |  | - |  | 70,964 | 1.62 |
| After 10 years |  | 367,974 |  | 11,167 |  | 61 |  | 379,080 | 2.03 |
Total collateralized mortgage obligations - federal agencies |  | 438,013 |  | 12,354 |  | 61 |  | 450,306 | 1.98 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 63,157 |  | 2,071 |  | 8 |  | 65,220 | 2.39 |
| After 5 to 10 years |  | 389,976 |  | 16,636 |  | 15 |  | 406,597 | 1.86 |
| After 10 years |  | 8,374,132 |  | 178,637 |  | 5,272 |  | 8,547,497 | 2.05 |
Total mortgage-backed securities |  | 8,827,265 |  | 197,344 |  | 5,295 |  | 9,019,314 | 2.05 |
Other |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 246 |  | 11 |  | - |  | 257 | 3.62 |
Total other |  | 246 |  | 11 |  | - |  | 257 | 3.62 |
Total debt securities available-for-sale[1] | $ | 20,621,806 | $ | 561,389 | $ | 5,356 | $ | 21,177,839 | 1.66 | %
[1] | Includes $16.7 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $15.3 billion serve as collateral for public funds.
|  | At December 31, 2019 |
|  |  |  | Gross | Gross |  |  | Weighted |
|  | Amortized | unrealized | unrealized | Fair | average |
(In thousands) | cost | gains | losses | value | yield |
U.S. Treasury securities |  |  |  |  |  |  |  |  |  |
| Within 1 year | $ | 5,071,201 | $ | 3,262 | $ | 567 | $ | 5,073,896 | 1.58 | %
| After 1 to 5 years |  | 5,137,804 |  | 75,597 |  | 3,435 |  | 5,209,966 | 2.19 |
| After 5 to 10 years |  | 1,778,568 |  | 429 |  | 6,604 |  | 1,772,393 | 1.70 |
Total U.S. Treasury securities |  | 11,987,573 |  | 79,288 |  | 10,606 |  | 12,056,255 | 1.86 |
Obligations of U.S. Government sponsored entities |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 62,492 |  | 2 |  | 21 |  | 62,473 | 1.45 |
| After 1 to 5 years |  | 60,021 |  | - |  | 90 |  | 59,931 | 1.48 |
Total obligations of U.S. Government sponsored entities |  | 122,513 |  | 2 |  | 111 |  | 122,404 | 1.47 |
Obligations of Puerto Rico, States and political subdivisions |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 6,975 |  | - |  | - |  | 6,975 | - |
Total obligations of Puerto Rico, States and political subdivisions |  | 6,975 |  | - |  | - |  | 6,975 | - |
Collateralized mortgage obligations - federal agencies |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 236 |  | - |  | - |  | 236 | 1.83 |
| After 1 to 5 years |  | 350 |  | 1 |  | - |  | 351 | 2.16 |
| After 5 to 10 years |  | 85,079 |  | 31 |  | 1,180 |  | 83,930 | 1.63 |
| After 10 years |  | 504,391 |  | 3,640 |  | 6,373 |  | 501,658 | 2.08 |
Total collateralized mortgage obligations - federal agencies |  | 590,056 |  | 3,672 |  | 7,553 |  | 586,175 | 2.02 |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |
| Within 1 year |  | 16 |  | - |  | - |  | 16 | 2.13 |
| After 1 to 5 years |  | 36,717 |  | 852 |  | 1 |  | 37,568 | 3.38 |
| After 5 to 10 years |  | 350,373 |  | 1,958 |  | 1,303 |  | 351,028 | 2.02 |
| After 10 years |  | 4,447,561 |  | 60,384 |  | 20,243 |  | 4,487,702 | 2.60 |
Total mortgage-backed securities |  | 4,834,667 |  | 63,194 |  | 21,547 |  | 4,876,314 | 2.57 |
Other |  |  |  |  |  |  |  |  |  |
| After 1 to 5 years |  | 341 |  | 9 |  | - |  | 350 | 3.62 |
Total other |  | 341 |  | 9 |  | - |  | 350 | 3.62 |
Total debt securities available-for-sale[1] | $ | 17,542,125 | $ | 146,165 | $ | 39,817 | $ | 17,648,473 | 2.05 | %
[1] | Includes $12.2 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $10.9 billion serve as collateral for public funds.
Schedule Of Realized Gain Loss |
| For the quarter ended September 30, | Nine months ended September 30,
(In thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Gross realized gains | $ | 41 | $ | - | $ | 41 | $ | -
Gross realized losses |  | - |  | (20) |  | - |  | (20)
Net realized losses on sale of debt securities available-for-sale | $ | 41 | $ | (20) | $ | 41 | $ | (20)
Debt Securities Available For Sale Unrealized Loss Position Fair Value |
|  | At September 30, 2020
| Less than 12 months | 12 months or more | Total
|  |  |  | Gross |  |  | Gross |  |  | Gross
|  | Fair | unrealized | Fair | unrealized | Fair | unrealized
(In thousands) | value | losses | value | losses | value | losses
Collateralized mortgage obligations - federal agencies | $ | 19,920 | $ | 61 | $ | - | $ | - | $ | 19,920 | $ | 61
Mortgage-backed securities |  | 1,752,642 |  | 5,267 |  | 910 |  | 28 |  | 1,753,552 |  | 5,295
Total debt securities available-for-sale in an unrealized loss position | $ | 1,772,562 | $ | 5,328 | $ | 910 | $ | 28 | $ | 1,773,472 | $ | 5,356
|  | At December 31, 2019
| Less than 12 months | 12 months or more | Total
|  |  |  | Gross |  |  | Gross |  |  | Gross
|  | Fair | unrealized | Fair | unrealized | Fair | unrealized
(In thousands) | value | losses | value | losses | value | losses
U.S. Treasury securities | $ | 2,439,114 | $ | 9,798 | $ | 452,784 | $ | 808 | $ | 2,891,898 | $ | 10,606
Obligations of U.S. Government sponsored entities |  | 9,973 |  | 4 |  | 99,846 |  | 107 |  | 109,819 |  | 111
Collateralized mortgage obligations - federal agencies |  | 114,603 |  | 537 |  | 310,315 |  | 7,016 |  | 424,918 |  | 7,553
Mortgage-backed securities |  | 179,312 |  | 693 |  | 1,784,414 |  | 20,854 |  | 1,963,726 |  | 21,547
Total debt securities available-for-sale in an unrealized loss position | $ | 2,743,002 | $ | 11,032 | $ | 2,647,359 | $ | 28,785 | $ | 5,390,361 | $ | 39,817
Schedule Of Securities Aggregate Amortized Cost Exceed 10 Of Stockholders Equity |
|  | September 30, 2020 |  | December 31, 2019
(In thousands) | Amortized cost | Fair value | Amortized cost | Fair value
FNMA | $ | 2,478,911 | $ | 2,583,405 | $ | 3,113,373 | $ | 3,129,538
Freddie Mac |  | 3,089,137 |  | 3,148,769 |  | 1,623,116 |  | 1,638,796

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- Definition The following table states the name of issuers, and the aggregate amortized cost and fair value of the securities of such issuer (includes available for sale and held to maturity securities), in which the aggregate amortized cost of such securities exceeds 10% of stockholders equity. + References No definition available. + Details
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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=118942371&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118955579&loc=SL82922888-210455 + Details
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- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27357-111563 + Details
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