XML 36 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727
INVESTMENT SECURITIES (Tables)
6 Months Ended
Jun. 30, 2015
INVESTMENT SECURITIES.  
Summary of available for sale and held to maturity investment securities

 

 

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(Dollars in thousands)

 

At June 30, 2015:

 

 

 

 

 

 

 

 

 

Held to Maturity:

 

 

 

 

 

 

 

 

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

$

166,200

 

$

111

 

$

(3,081

)

$

163,230

 

Commercial - U.S. Government sponsored entities

 

96,578

 

 

(658

)

95,920

 

Total

 

$

262,778

 

$

111

 

$

(3,739

)

$

259,150

 

 

 

 

 

 

 

 

 

 

 

Available for Sale:

 

 

 

 

 

 

 

 

 

Debt securities:

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

188,899

 

$

2,169

 

$

(2,811

)

$

188,257

 

Corporate securities

 

98,454

 

1,262

 

(154

)

99,562

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

776,223

 

7,559

 

(5,715

)

778,067

 

Residential - Non-government agencies

 

69,603

 

1,273

 

(519

)

70,357

 

Commercial - Non-government agencies

 

135,535

 

2,566

 

(950

)

137,151

 

Other

 

817

 

101

 

 

918

 

Total

 

$

1,269,531

 

$

14,930

 

$

(10,149

)

$

1,274,312

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014:

 

 

 

 

 

 

 

 

 

Held to Maturity:

 

 

 

 

 

 

 

 

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

$

140,741

 

$

196

 

$

(2,150

)

$

138,787

 

Commercial - U.S. Government sponsored entities

 

97,546

 

 

(736

)

96,810

 

Total

 

$

238,287

 

$

196

 

$

(2,886

)

$

235,597

 

 

 

 

 

 

 

 

 

 

 

Available for Sale:

 

 

 

 

 

 

 

 

 

Debt securities:

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

191,280

 

$

2,054

 

$

(1,689

)

$

191,645

 

Corporate securities

 

99,237

 

1,492

 

(125

)

100,604

 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

744,527

 

11,064

 

(4,033

)

751,558

 

Residential - Non-government agencies

 

45,275

 

1,510

 

(92

)

46,693

 

Commercial - Non-government agencies

 

135,630

 

2,946

 

(935

)

137,641

 

Other

 

757

 

120

 

 

877

 

Total

 

$

1,216,706

 

$

19,186

 

$

(6,874

)

$

1,229,018

 

 

Schedule of amortized cost and estimated fair value of investment securities by contractual maturity

 

 

 

 

June 30, 2015

 

 

 

Amortized
Cost

 

Estimated Fair
Value

 

 

 

(Dollars in thousands)

 

Held to Maturity

 

 

 

 

 

Mortage-backed securities:

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

$

166,200

 

$

163,230

 

Commercial - U.S. Government sponsored entities

 

96,578

 

95,920

 

Total

 

$

262,778

 

$

259,150

 

 

 

 

 

 

 

Available for Sale

 

 

 

 

 

Due in one year or less

 

$

2,567

 

$

2,660

 

Due after one year through five years

 

76,206

 

77,321

 

Due after five years through ten years

 

96,501

 

96,678

 

Due after ten years

 

112,079

 

111,160

 

Mortage-backed securities:

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

776,223

 

778,067

 

Residential - Non-government agencies

 

69,603

 

70,357

 

Commercial - Non-government agencies

 

135,535

 

137,151

 

Other

 

817

 

918

 

Total

 

$

1,269,531

 

$

1,274,312

 

 

Schedule of investment securities in an unrealized loss position

 

 

 

 

Less than 12 months

 

12 months or longer

 

Total

 

 

 

 

 

Unrealized

 

 

 

Unrealized

 

 

 

Unrealized

 

Description of Securities

 

Fair Value

 

Losses

 

Fair Value

 

Losses

 

Fair Value

 

Losses

 

 

 

(Dollars in thousands)

 

At June 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

66,678

 

$

(1,558

)

$

22,780

 

$

(1,253

)

$

89,458

 

$

(2,811

)

Corporate securities

 

26,349

 

(154

)

 

 

26,349

 

(154

)

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

464,847

 

(6,464

)

87,126

 

(2,332

)

551,973

 

(8,796

)

Residential - Non-government agencies

 

30,478

 

(519

)

 

 

30,478

 

(519

)

Commercial - U.S. Government sponsored entities

 

95,920

 

(658

)

 

 

95,920

 

(658

)

Commercial - Non-government agencies

 

57,620

 

(794

)

4,653

 

(156

)

62,273

 

(950

)

Total temporarily impaired securities

 

$

741,892

 

$

(10,147

)

$

114,559

 

$

(3,741

)

$

856,451

 

$

(13,888

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

States and political subdivisions

 

$

23,591

 

$

(145

)

$

68,622

 

$

(1,544

)

$

92,213

 

$

(1,689

)

Corporate securities

 

23,938

 

(125

)

 

 

23,938

 

(125

)

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential - U.S. Government sponsored entities

 

107,755

 

(487

)

318,571

 

(5,696

)

426,326

 

(6,183

)

Residential - Non-government agencies

 

15,895

 

(92

)

 

 

15,895

 

(92

)

Commercial - U.S. Government sponsored entities

 

11,455

 

(34

)

85,355

 

(702

)

96,810

 

(736

)

Commercial - Non-government agencies

 

4,962

 

(8

)

47,539

 

(927

)

52,501

 

(935

)

Total temporarily impaired securities

 

$

187,596

 

$

(891

)

$

520,087

 

$

(8,869

)

$

707,683

 

$

(9,760

)