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Investment Securities (Tables) | 3 Months Ended
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Mar. 31, 2013
Amortized Cost and Estimated Fair Value of Available-For-Sale Securities, Including Gross Unrealized Gains and Losses | The amortized cost and estimated fair value of available-for-sale securities, including gross unrealized gains and losses, at March 31, 2013, and December 31, 2012, were as follows:
|  | March 31, 2013 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |  |  | OTTI in |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |  |  | AOCI(1) |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 150,706 |  |  | $ | 6,933 |  |  | $ | (411 | ) |  | $ | 157,228 |  |  | $ | — |
Single issue trust preferred securities |  |  | 55,721 |  |  |  | — |  |  |  | (9,970 | ) |  |  | 45,751 |  |  |  | — |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 317,713 |  |  |  | 5,655 |  |  |  | (1,084 | ) |  |  | 322,284 |  |  |  | — |
Non-Agency Alt-A residential |  |  | 14,009 |  |  |  | — |  |  |  | (3,140 | ) |  |  | 10,869 |  |  |  | (3,140 | )
Total mortgage-backed securities |  |  | 331,722 |  |  |  | 5,655 |  |  |  | (4,224 | ) |  |  | 333,153 |  |  |  | (3,140 | )
Equity securities |  |  | 1,249 |  |  |  | 193 |  |  |  | (67 | ) |  |  | 1,375 |  |  |  | — |
Total |  | $ | 539,398 |  |  | $ | 12,781 |  |  | $ | (14,672 | ) |  | $ | 537,507 |  |  | $ | (3,140 | )
|  | December 31, 2012 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |  |  | OTTI in |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |  |  | AOCI(1) |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 151,119 |  |  | $ | 8,195 |  |  | $ | (97 | ) |  | $ | 159,217 |  |  | $ | — |
Single issue trust preferred securities |  |  | 55,707 |  |  |  | — |  |  |  | (11,061 | ) |  |  | 44,646 |  |  |  | — |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 310,323 |  |  |  | 6,023 |  |  |  | (449 | ) |  |  | 315,897 |  |  |  | — |
Non-Agency Alt-A residential |  |  | 14,215 |  |  |  | — |  |  |  | (3,148 | ) |  |  | 11,067 |  |  |  | (3,148 | )
Total mortgage-backed securities |  |  | 324,538 |  |  |  | 6,023 |  |  |  | (3,597 | ) |  |  | 326,964 |  |  |  | (3,148 | )
Equity securities |  |  | 3,446 |  |  |  | 190 |  |  |  | (105 | ) |  |  | 3,531 |  |  |  | — |
Total |  | $ | 534,810 |  |  | $ | 14,408 |  |  | $ | (14,860 | ) |  | $ | 534,358 |  |  | $ | (3,148 | )
(1) | Other-than-temporary impairment in accumulated other comprehensive income
Amortized Cost and Estimated Fair Value of Held-to-Maturity Securities, Including Gross Unrealized Gains and Losses | The amortized cost and estimated fair value of held-to-maturity securities, including gross unrealized gains and losses, at March 31, 2013, and December 31, 2012, were as follows:
|  | March 31, 2013 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 816 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 824 |
Total |  | $ | 816 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 824 |
|  | December 31, 2012 |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 816 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 832 |
Total |  | $ | 816 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 832 |
Amortized Cost and Estimated Fair Value of Available-for-Sale and Held-to-Maturity Securities | The amortized cost and estimated fair value of available-for-sale and held-to-maturity securities by contractual maturity at March 31, 2013, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
|  | Amortized |  |  |  |
(Amounts in thousands) |  | Cost |  |  | Fair Value |
Available-for-sale securities |  |  |  |  |  |  |  |
Due within one year |  | $ | 393 |  |  | $ | 399 |
Due after one year but within five years |  |  | 19,005 |  |  |  | 19,634 |
Due after five years but within ten years |  |  | 18,071 |  |  |  | 19,027 |
Due after ten years |  |  | 168,958 |  |  |  | 163,919 |
|  |  | 206,427 |  |  |  | 202,979 |
Mortgage-backed securities |  |  | 331,722 |  |  |  | 333,153 |
Equity securities |  |  | 1,249 |  |  |  | 1,375 |
Total |  | $ | 539,398 |  |  | $ | 537,507 |
Held-to-maturity securities |  |  |  |  |  |  |  |
Due within one year |  | $ | 60 |  |  | $ | 61 |
Due after one year but within five years |  |  | 756 |  |  |  | 763 |
Due after five years but within ten years |  |  | — |  |  |  | — |
Due after ten years |  |  | — |  |  |  | — |
Total |  | $ | 816 |  |  | $ | 824 |
Available-For-Sale Securities in Continuous Unrealized Loss Position | Available-for-sale securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer at March 31, 2013, and December 31, 2012, were as follows:
|  | March 31, 2013 |
|  | Less than 12 Months |  |  | 12 Months or longer |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 17,126 |  |  | $ | (411 | ) |  | $ | — |  |  | $ | — |  |  | $ | 17,126 |  |  | $ | (411 | )
Single issue trust preferred securities |  |  | — |  |  |  | — |  |  |  | 45,751 |  |  |  | (9,970 | ) |  |  | 45,751 |  |  |  | (9,970 | )
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 112,922 |  |  |  | (1,084 | ) |  |  | 15 |  |  |  | — |  |  |  | 112,937 |  |  |  | (1,084 | )
Non-Agency Alt-A residential |  |  | — |  |  |  | — |  |  |  | 10,870 |  |  |  | (3,140 | ) |  |  | 10,870 |  |  |  | (3,140 | )
Total mortgage-backed securities |  |  | 112,922 |  |  |  | (1,084 | ) |  |  | 10,885 |  |  |  | (3,140 | ) |  |  | 123,807 |  |  |  | (4,224 | )
Equity securities |  |  | 930 |  |  |  | (5 | ) |  |  | 126 |  |  |  | (62 | ) |  |  | 1,056 |  |  |  | (67 | )
Total |  | $ | 130,978 |  |  | $ | (1,500 | ) |  | $ | 56,762 |  |  | $ | (13,172 | ) |  | $ | 187,740 |  |  | $ | (14,672 | )
|  | December 31, 2012 |
|  | Less than 12 Months |  |  | 12 Months or longer |  |  | Total |
|  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | 6,436 |  |  | $ | (97 | ) |  | $ | — |  |  | $ | — |  |  | $ | 6,436 |  |  | $ | (97 | )
Single issue trust preferred securities |  |  | — |  |  |  | — |  |  |  | 44,646 |  |  |  | (11,061 | ) |  |  | 44,646 |  |  |  | (11,061 | )
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 74,197 |  |  |  | (449 | ) |  |  | 15 |  |  |  | — |  |  |  | 74,212 |  |  |  | (449 | )
Non-Agency Alt-A residential |  |  | — |  |  |  | — |  |  |  | 11,066 |  |  |  | (3,148 | ) |  |  | 11,066 |  |  |  | (3,148 | )
Total mortgage-backed securities |  |  | 74,197 |  |  |  | (449 | ) |  |  | 11,081 |  |  |  | (3,148 | ) |  |  | 85,278 |  |  |  | (3,597 | )
Equity securities |  |  | 3,106 |  |  |  | (25 | ) |  |  | 108 |  |  |  | (80 | ) |  |  | 3,214 |  |  |  | (105 | )
Total |  | $ | 83,739 |  |  | $ | (571 | ) |  | $ | 55,835 |  |  | $ | (14,289 | ) |  | $ | 139,574 |  |  | $ | (14,860 | )
Company's Gross Gains and Gross Losses Realized from Sale of Securities | The following table details the Company’s gross gains and gross losses realized from the sale of securities for the periods indicated:
|  | Three Months Ended |
|  | March 31, |
|  | 2013 |  |  | 2012 |
(Amounts in thousands) |  |  |  |  |  |
Gross realized gains |  | $ | 155 |  |  | $ | 89 |
Gross realized losses |  |  | (38 | ) |  |  | (38 | )
Net gain on sale of securities |  | $ | 117 |  |  | $ | 51 |
Cumulative Roll Forward of Credit Losses Recognized in Earnings for Debt Securities for Which Portion of OTTI Recognized in OCI | The following table provides a cumulative roll forward of credit losses recognized in earnings for debt securities for which a portion of the OTTI is recognized in OCI:
|  | Three Months Ended |
|  | March 31, |
|  | 2013 |  |  | 2012 |
(Amounts in thousands) |  |  |  |  |  |
Beginning balance (1) |  | $ | 7,478 |  |  | $ | 6,536 |
Additions for credit losses on securities not previously recognized |  |  | — |  |  |  | — |
Additions for credit losses on securities previously recognized |  |  | — |  |  |  | — |
Reduction for increases in cash flows |  |  | — |  |  |  | — |
Reduction for securities management no longer intends to hold to recovery |  |  | — |  |  |  | — |
Reduction for securities sold/realized losses |  |  | — |  |  |  | — |
Ending balance |  | $ | 7,478 |  |  | $ | 6,536 |
(1) | The beginning balance includes credit related losses included in OTTI charges recognized on debt securities in prior periods.

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