XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Securities (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Securities [Abstract] |
Amortized Cost, Estimated Fair Value, and Unrealized Gains and Losses of Securities Available for Sale | The amortized cost, estimated fair value and unrealized gains and losses of available for sale (“AFS”) securities are as follows:
(In thousands) |  | Amortized cost |  |  | Unrealized gains |  |  | Unrealized losses |  |  | Estimated fair value |
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Federal agency |  | $ | 139,935 |  |  | $ | 27 |  |  | $ | 544 |  |  | $ | 139,418 |
State & municipal |  |  | 42,880 |  |  |  | 127 |  |  |  | 88 |  |  |  | 42,919 |
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  |  | 554,466 |  |  |  | 3,879 |  |  |  | 1,115 |  |  |  | 557,230 |
U.S. government agency securities |  |  | 26,760 |  |  |  | 404 |  |  |  | 168 |  |  |  | 26,996 |
Collateralized mortgage obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  |  | 523,682 |  |  |  | 626 |  |  |  | 5,592 |  |  |  | 518,716 |
U.S. government agency securities |  |  | 53,089 |  |  |  | 169 |  |  |  | 662 |  |  |  | 52,596 |
Other securities |  |  | 13,537 |  |  |  | 6,332 |  |  |  | 130 |  |  |  | 19,739 |
Total securities AFS |  | $ | 1,354,349 |  |  | $ | 11,564 |  |  | $ | 8,299 |  |  | $ | 1,357,614 |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency |  | $ | 175,135 |  |  | $ | 78 |  |  | $ | 805 |  |  | $ | 174,408 |
State & municipal |  |  | 47,053 |  |  |  | 153 |  |  |  | 480 |  |  |  | 46,726 |
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  |  | 513,814 |  |  |  | 3,345 |  |  |  | 2,492 |  |  |  | 514,667 |
U.S. government agency securities |  |  | 14,955 |  |  |  | 411 |  |  |  | 189 |  |  |  | 15,177 |
Collateralized mortgage obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  |  | 513,431 |  |  |  | 532 |  |  |  | 7,688 |  |  |  | 506,275 |
U.S. government agency securities |  |  | 60,822 |  |  |  | 184 |  |  |  | 708 |  |  |  | 60,298 |
Other securities |  |  | 15,849 |  |  |  | 6,394 |  |  |  | 1,504 |  |  |  | 20,739 |
Total securities AFS |  | $ | 1,341,059 |  |  | $ | 11,097 |  |  | $ | 13,866 |  |  | $ | 1,338,290 |
Amortized Cost, Estimated Fair Value, and Unrealized Gains and Losses of Securities Held to Maturity | The amortized cost, estimated fair value and unrealized gains and losses of held to maturity (“HTM”) securities are as follows:
(In thousands) |  | Amortized cost |  |  | Unrealized gains |  |  | Unrealized losses |  |  | Estimated fair value |
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  | $ | 99,502 |  |  | $ | 239 |  |  | $ | 685 |  |  | $ | 99,056 |
U.S. government agency securities |  |  | 447 |  |  |  | 67 |  |  |  | - |  |  |  | 514 |
Collateralized mortgage obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  |  | 195,388 |  |  |  | 1,135 |  |  |  | 1,103 |  |  |  | 195,420 |
State & municipal |  |  | 198,972 |  |  |  | 1,983 |  |  |  | 534 |  |  |  | 200,421 |
Total securities HTM |  | $ | 494,309 |  |  | $ | 3,424 |  |  | $ | 2,322 |  |  | $ | 495,411 |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  | $ | 96,668 |  |  | $ | - |  |  | $ | 1,176 |  |  | $ | 95,492 |
U.S. government agency securities |  |  | 533 |  |  |  | 87 |  |  |  | - |  |  |  | 620 |
Collateralized mortgage obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Government-sponsored enterprises |  |  | 225,213 |  |  |  | 1,060 |  |  |  | 1,508 |  |  |  | 224,765 |
State & municipal |  |  | 205,534 |  |  |  | 434 |  |  |  | 1,795 |  |  |  | 204,173 |
Total securities HTM |  | $ | 527,948 |  |  | $ | 1,581 |  |  | $ | 4,479 |  |  | $ | 525,050 |
Investment Securities with Unrealized Losses | The following table sets forth information with regard to investment securities with unrealized losses, segregated according to the length of time the securities had been in a continuous unrealized loss position:
(Dollars in thousands) |  | Less than 12 months |  |  | 12 months or longer |  |  | Total |
Security Type: |  | Fair Value |  |  | Unrealized losses |  |  | Number of Positions |  |  | Fair Value |  |  | Unrealized losses |  |  | Number of Positions |  |  | Fair Value |  |  | Unrealized losses |  |  | Number of Positions |
September 30, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AFS securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency |  | $ | 45,209 |  |  | $ | (49 | ) |  |  | 3 |  |  | $ | 54,465 |  |  | $ | (495 | ) |  |  | 5 |  |  | $ | 99,674 |  |  | $ | (544 | ) |  |  | 8 |
State & municipal |  |  | 14,720 |  |  |  | (39 | ) |  |  | 24 |  |  |  | 6,015 |  |  |  | (49 | ) |  |  | 8 |  |  |  | 20,735 |  |  |  | (88 | ) |  |  | 32 |
Mortgage-backed |  |  | 181,600 |  |  |  | (1,176 | ) |  |  | 42 |  |  |  | 6,577 |  |  |  | (107 | ) |  |  | 5 |  |  |  | 188,177 |  |  |  | (1,283 | ) |  |  | 47 |
Collateralized mortgage obligations |  |  | 339,415 |  |  |  | (3,175 | ) |  |  | 50 |  |  |  | 119,108 |  |  |  | (3,079 | ) |  |  | 16 |  |  |  | 458,523 |  |  |  | (6,254 | ) |  |  | 66 |
Other securities |  |  | 1,997 |  |  |  | (3 | ) |  |  | 1 |  |  |  | 2,979 |  |  |  | (127 | ) |  |  | 1 |  |  |  | 4,976 |  |  |  | (130 | ) |  |  | 2 |
Total securities with unrealized losses |  | $ | 582,941 |  |  | $ | (4,442 | ) |  |  | 120 |  |  | $ | 189,144 |  |  | $ | (3,857 | ) |  |  | 35 |  |  | $ | 772,085 |  |  | $ | (8,299 | ) |  |  | 155 |
HTM securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed |  | $ | 51,166 |  |  | $ | (685 | ) |  |  | 4 |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | 51,166 |  |  | $ | (685 | ) |  |  | 4 |
Collateralized mortgage obligations |  |  | 49,394 |  |  |  | (160 | ) |  |  | 7 |  |  |  | 31,627 |  |  |  | (943 | ) |  |  | 4 |  |  |  | 81,021 |  |  |  | (1,103 | ) |  |  | 11 |
State & municipal |  |  | 16,811 |  |  |  | (188 | ) |  |  | 21 |  |  |  | 12,591 |  |  |  | (346 | ) |  |  | 21 |  |  |  | 29,402 |  |  |  | (534 | ) |  |  | 42 |
Total securities with unrealized losses |  | $ | 117,371 |  |  | $ | (1,033 | ) |  |  | 32 |  |  | $ | 44,218 |  |  | $ | (1,289 | ) |  |  | 25 |  |  | $ | 161,589 |  |  | $ | (2,322 | ) |  |  | 57 |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AFS securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency |  | $ | 119,363 |  |  | $ | (805 | ) |  |  | 10 |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | 119,363 |  |  | $ | (805 | ) |  |  | 10 |
State & municipal |  |  | 31,873 |  |  |  | (478 | ) |  |  | 55 |  |  |  | 483 |  |  |  | (2 | ) |  |  | 1 |  |  |  | 32,356 |  |  |  | (480 | ) |  |  | 56 |
Mortgage-backed |  |  | 277,524 |  |  |  | (2,668 | ) |  |  | 49 |  |  |  | 985 |  |  |  | (13 | ) |  |  | 4 |  |  |  | 278,509 |  |  |  | (2,681 | ) |  |  | 53 |
Collateralized mortgage obligations |  |  | 473,746 |  |  |  | (8,396 | ) |  |  | 57 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 473,746 |  |  |  | (8,396 | ) |  |  | 57 |
Other securities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,363 |  |  |  | (1,504 | ) |  |  | 2 |  |  |  | 4,363 |  |  |  | (1,504 | ) |  |  | 2 |
Total securities with unrealized losses |  | $ | 902,506 |  |  | $ | (12,347 | ) |  |  | 171 |  |  | $ | 5,831 |  |  | $ | (1,519 | ) |  |  | 7 |  |  | $ | 908,337 |  |  | $ | (13,866 | ) |  |  | 178 |
HTM securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed |  | $ | 95,492 |  |  | $ | (1,176 | ) |  |  | 5 |  |  | $ | - |  |  | $ | - |  |  |  | - |  |  | $ | 95,492 |  |  | $ | (1,176 | ) |  |  | 5 |
Collateralized mortgage obligations |  |  | 108,587 |  |  |  | (319 | ) |  |  | 12 |  |  |  | 35,209 |  |  |  | (1,189 | ) |  |  | 4 |  |  |  | 143,796 |  |  |  | (1,508 | ) |  |  | 16 |
State & municipal |  |  | 81,984 |  |  |  | (1,795 | ) |  |  | 155 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 81,984 |  |  |  | (1,795 | ) |  |  | 155 |
Total securities with unrealized losses |  | $ | 286,063 |  |  | $ | (3,290 | ) |  |  | 172 |  |  | $ | 35,209 |  |  | $ | (1,189 | ) |  |  | 4 |  |  | $ | 321,272 |  |  | $ | (4,479 | ) |  |  | 176 |
Contractual Maturities of Debt Securities | The following tables set forth information with regard to contractual maturities of debt securities at September 30, 2017:
(In thousands) |  | Amortized cost |  |  | Estimated fair value |
AFS debt securities: |  |  |  |  |  |
Within one year |  | $ | 92,405 |  |  | $ | 92,429 |
From one to five years |  |  | 84,442 |  |  |  | 84,598 |
From five to ten years |  |  | 179,854 |  |  |  | 180,667 |
After ten years |  |  | 984,111 |  |  |  | 980,181 |
|  | $ | 1,340,812 |  |  | $ | 1,337,875 |
HTM debt securities: |  |  |  |  |  |  |  |
Within one year |  | $ | 28,489 |  |  | $ | 28,493 |
From one to five years |  |  | 38,321 |  |  |  | 38,702 |
From five to ten years |  |  | 144,621 |  |  |  | 145,547 |
After ten years |  |  | 282,878 |  |  |  | 282,669 |
|  | $ | 494,309 |  |  | $ | 495,411 |

X
- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62557-112803 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27337-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27198-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27405-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27232-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27337-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6435544&loc=d3e41834-113960 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5086-111524 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62557-112803 + Details
Name: | us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration