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Investments Securities (Tables)

6 Months Ended

Jun. 30, 2019

Investments Securities [Abstract]

Investment Securities

	June 30, 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	$	694,431		$	1,277		$	5,352		$	690,356		2.19%
GNMA certificates		93,126			1,228			7			94,347		2.84%
CMOs issued by US government-sponsored agencies		59,238			-			608			58,630		1.90%
Total mortgage-backed securities		846,795			2,505			5,967			843,333		2.24%
Investment securities
US Treasury securities		10,938			1			32			10,907		1.36%
Obligations of US government-sponsored agencies		2,147			-			16			2,131		1.38%
Other debt securities		1,031			31			-			1,062		2.97%
Total investment securities		14,116			32			48			14,100		1.48%
Total securities available for sale	$	860,911		$	2,537		$	6,015		$	857,433		2.23%

	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%

	June 30, 2019
	Available-for-sale
	Amortized Cost			Fair Value
	(In thousands)
Mortgage-backed securities
Due from 1 to 5 years
FNMA and FHLMC certificates	$	2,509		$	2,536
Total due from 1 to 5 years		2,509			2,536
Due after 5 to 10 years
CMOs issued by US government-sponsored agencies	$	52,094		$	51,538
FNMA and FHLMC certificates		192,744			192,666
Total due after 5 to 10 years		244,838			244,204
Due after 10 years
FNMA and FHLMC certificates	$	499,178		$	495,154
GNMA certificates		93,126			94,347
CMOs issued by US government-sponsored agencies		7,144			7,092
Total due after 10 years		599,448			596,593
Total mortgage-backed securities		846,795			843,333
Investment securities
Due less than one year
US Treasury securities	$	10,938		$	10,907
Total due in less than one year		10,938			10,907
Due from 1 to 5 years
Obligations of US government-sponsored agencies	$	2,147		$	2,131
Other debt securities		100			100
Total due from 1 to 5 years		2,247			2,231
Due from 5 to 10 years
Other debt securities		931			962
Total due after 5 to 10 years		931			962
Total investment securities		14,116			14,100
Total	$	860,911		$	857,433

Gross Realized Gains and Losses by Category

	Six-Month Period Ended June 30, 2019
				Book Value
Description	Sale Price			at Sale			Gross Gains			Gross Losses
	(In thousands)
Sale of securities available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates	$	213,376		$	211,549		$	1,827		$	-
GNMA certificates	$	141,125		$	138,177		$	2,949		$	-
Total	$	354,501		$	349,726		$	4,776		$	-

Unrealized Gains and Losses by Category

	June 30, 2019
	12 months or more
	Amortized			Unrealized			Fair
	Cost			Loss			Value
	(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies	$	59,238		$	608		$	58,630
FNMA and FHLMC certificates		480,959			5,352			475,607
Obligations of US Government and sponsored agencies		2,147			16			2,131
GNMA certificates		4,181			6			4,175
US Treasury Securities		9,990			32			9,958
	$	556,515		$	6,014		$	550,501
	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	$	59,238		$	608		$	58,630
FNMA and FHLMC certificates		480,959			5,352			475,607
Obligations of US government and sponsored agencies		2,147			16			2,131
GNMA certificates		4,201			7			4,194
US Treasury Securities		9,990			32			9,958
	$	556,535		$	6,015		$	550,520

	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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- Definition

A table of investments, shown as a text block.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 6
-Section 10
-Paragraph (c)
-Subparagraph (1)

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Tabular disclosure of realized gains and losses on investments reported in the statement of income.

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Tabular disclosure of unrealized gains and losses on investments.

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