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v3.19.1

Investments Securities (Tables) | 3 Months Ended
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Mar. 31, 2019
Investments Securities [Abstract] |
Investment Securities |
| March 31, 2019
|  |  | Gross |  | Gross |  |  |  | Weighted
| Amortized |  | Unrealized |  | Unrealized |  | Fair |  | Average
| Cost |  | Gains |  | Losses |  | Value |  | Yield
| (In thousands)
Available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 947,332 |  | $ | 2,504 |  | $ | 12,558 |  | $ | 937,278 |  | 2.37%
GNMA certificates |  | 224,157 |  |  | 3,072 |  |  | 671 |  |  | 226,558 |  | 3.15%
CMOs issued by US government-sponsored agencies |  | 62,927 |  |  | - |  |  | 1,538 |  |  | 61,389 |  | 1.90%
Total mortgage-backed securities |  | 1,234,416 |  |  | 5,576 |  |  | 14,767 |  |  | 1,225,225 |  | 2.49%
Investment securities |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities |  | 10,933 |  |  | - |  |  | 74 |  |  | 10,859 |  | 1.37%
Obligations of US government-sponsored agencies |  | 2,238 |  |  | - |  |  | 42 |  |  | 2,196 |  | 1.38%
Other debt securities |  | 1,162 |  |  | 27 |  |  | - |  |  | 1,189 |  | 2.99%
Total investment securities |  | 14,333 |  |  | 27 |  |  | 116 |  |  | 14,244 |  | 1.50%
Total securities available for sale | $ | 1,248,749 |  | $ | 5,603 |  | $ | 14,883 |  | $ | 1,239,469 |  | 2.47%
| December 31, 2018
|  |  | Gross |  | Gross |  |  |  | Weighted
| Amortized |  | Unrealized |  | Unrealized |  | Fair |  | Average
| Cost |  | Gains |  | Losses |  | Value |  | Yield
| (In thousands)
Available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 561,878 |  | $ | 404 |  | $ | 8,951 |  | $ | 553,331 |  | 2.59%
GNMA certificates |  | 211,947 |  |  | 1,050 |  |  | 2,827 |  |  | 210,170 |  | 3.10%
CMOs issued by US government-sponsored agencies |  | 66,230 |  |  | - |  |  | 2,166 |  |  | 64,064 |  | 1.90%
Total mortgage-backed securities |  | 840,055 |  |  | 1,454 |  |  | 13,944 |  |  | 827,565 |  | 2.66%
Investment securities |  |  |  |  |  |  |  |  |  |  |  |  |
US Treasury securities |  | 10,924 |  |  | - |  |  | 119 |  |  | 10,805 |  | 1.36%
Obligations of US government-sponsored agencies |  | 2,325 |  |  | - |  |  | 60 |  |  | 2,265 |  | 1.38%
Other debt securities |  | 1,207 |  |  | 15 |  |  | - |  |  | 1,222 |  | 2.99%
Total investment securities |  | 14,456 |  |  | 15 |  |  | 179 |  |  | 14,292 |  | 1.50%
Total securities available-for-sale | $ | 854,511 |  | $ | 1,469 |  | $ | 14,123 |  | $ | 841,857 |  | 2.64%
Held-to-maturity |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities |  |  |  |  |  |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 424,740 |  | $ | - |  | $ | 14,387 |  | $ | 410,353 |  | 2.07%
| March 31, 2019
| Available-for-sale
| Amortized Cost |  | Fair Value
| (In thousands)
Mortgage-backed securities |  |  |  |  |
Due from 1 to 5 years |  |  |  |  |
FNMA and FHLMC certificates | $ | 3,056 |  | $ | 3,054
Total due from 1 to 5 years |  | 3,056 |  |  | 3,054
Due after 5 to 10 years |  |  |  |  |
CMOs issued by US government-sponsored agencies | $ | 55,367 |  | $ | 53,936
FNMA and FHLMC certificates |  | 267,310 |  |  | 266,195
GNMA certificates |  | 94 |  |  | 98
Total due after 5 to 10 years |  | 322,771 |  |  | 320,229
Due after 10 years |  |  |  |  |
FNMA and FHLMC certificates | $ | 676,966 |  | $ | 668,029
GNMA certificates |  | 224,063 |  |  | 226,460
CMOs issued by US government-sponsored agencies |  | 7,560 |  |  | 7,453
Total due after 10 years |  | 908,589 |  |  | 901,942
Total mortgage-backed securities |  | 1,234,416 |  |  | 1,225,225
Investment securities |  |  |  |  |
Due less than one year |  |  |  |  |
US Treasury securities | $ | 10,933 |  | $ | 10,859
Total due in less than one year |  | 10,933 |  |  | 10,859
Due from 1 to 5 years |  |  |  |  |
Obligations of US government-sponsored agencies | $ | 2,238 |  | $ | 2,196
Other debt securities |  | 100 |  |  | 100
Total due from 1 to 5 years |  | 2,338 |  |  | 2,296
Due from 5 to 10 years |  |  |  |  |
Other debt securities |  | 1,062 |  |  | 1,089
Total due after 5 to 10 years |  | 1,062 |  |  | 1,089
Total investment securities |  | 14,333 |  |  | 14,244
Total | $ | 1,248,749 |  | $ | 1,239,469
Gross Realized Gains and Losses by Category |
| March 31, 2019
| 12 months or more
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
CMOs issued by US Government-sponsored agencies | $ | 62,927 |  | $ | 1,538 |  | $ | 61,389
FNMA and FHLMC certificates |  | 686,773 |  |  | 12,558 |  |  | 674,215
Obligations of US Government and sponsored agencies |  | 2,238 |  |  | 42 |  |  | 2,196
GNMA certificates |  | 73,290 |  |  | 670 |  |  | 72,620
US Treasury Securities |  | 9,983 |  |  | 74 |  |  | 9,909
| $ | 835,211 |  | $ | 14,882 |  | $ | 820,329
| Less than 12 months
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
GNMA certificates |  | 20 |  |  | 1 |  |  | 19
| $ | 20 |  | $ | 1 |  | $ | 19
| Total
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
CMOs issued by US government-sponsored agencies | $ | 62,927 |  | $ | 1,538 |  | $ | 61,389
FNMA and FHLMC certificates |  | 686,773 |  |  | 12,558 |  |  | 674,215
Obligations of US government and sponsored agencies |  | 2,238 |  |  | 42 |  |  | 2,196
GNMA certificates |  | 73,310 |  |  | 671 |  |  | 72,639
US Treasury Securities |  | 9,983 |  |  | 74 |  |  | 9,909
| $ | 835,231 |  | $ | 14,883 |  | $ | 820,348
| December 31, 2018
| 12 months or more
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
CMOs issued by US Government-sponsored agencies | $ | 66,230 |  | $ | 2,166 |  | $ | 64,064
FNMA and FHLMC certificates |  | 357,955 |  |  | 8,603 |  |  | 349,352
Obligations of US Government and sponsored agencies |  | 2,325 |  |  | 60 |  |  | 2,265
GNMA certificates |  | 131,044 |  |  | 2,739 |  |  | 128,305
US Treasury Securities |  | 9,977 |  |  | 119 |  |  | 9,858
| $ | 567,531 |  | $ | 13,687 |  | $ | 553,844
Securities held-to-maturity |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 424,740 |  | $ | 14,387 |  | $ | 410,353
| Less than 12 months
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
FNMA and FHLMC certificates |  | 109,772 |  |  | 348 |  |  | 109,424
GNMA certificates |  | 17,126 |  |  | 88 |  |  | 17,038
US Treasury Securities |  | 323 |  |  | - |  |  | 323
| $ | 127,221 |  | $ | 436 |  | $ | 126,785
| Total
| Amortized |  | Unrealized |  | Fair
| Cost |  | Loss |  | Value
| (In thousands)
Securities available-for-sale |  |  |  |  |  |  |  |
CMOs issued by US Government-sponsored agencies |  | 66,230 |  |  | 2,166 |  |  | 64,064
FNMA and FHLMC certificates |  | 467,727 |  |  | 8,951 |  |  | 458,776
Obligations of US government and sponsored agencies |  | 2,325 |  |  | 60 |  |  | 2,265
GNMA certificates |  | 148,170 |  |  | 2,827 |  |  | 145,343
US Treasury Securities |  | 10,300 |  |  | 119 |  |  | 10,181
| $ | 694,752 |  | $ | 14,123 |  | $ | 680,629
Securities held-to-maturity |  |  |  |  |  |  |  |
FNMA and FHLMC certificates | $ | 424,740 |  | $ | 14,387 |  | $ | 410,353

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