XML 53 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8

Securities (Tables)

9 Months Ended

Sep. 30, 2013

Securities [Abstract]

Comparative Summary of Mortgage-Backed Securities and Other Securities Available-for-Sale

	September 30, 2013
			Gross		Gross		Estimated
	Amortized		unrealized		unrealized		fair
	cost		gains		losses		value
Mortgage-backed securities:
Pass-through certificates:
Government sponsored enterprises (GSE)	$          385,973		$         10,773		$          3,541		$          393,205
Real estate mortgage investment conduits (REMICs):
GSE	521,132		1,043		10,254		511,921
Non-GSE	5,007		146		53		5,100
	912,112		11,962		13,848		910,226
Other securities:
GSE bonds	30,495		-		134		30,361
Equity investments-mutual funds	2,189		-		-		2,189
Corporate bonds	80,450		3		174		80,279
	113,134		3		308		112,829
Total securities available-for-sale	$       1,025,246		$         11,965		$        14,156		$       1,023,055

	December 31, 2012
			Gross		Gross		Estimated
	Amortized		unrealized		unrealized		fair
	cost		gains		losses		value
Mortgage-backed securities:
Pass-through certificates:
GSE	$          456,441		$         22,996		$              99		$          479,338
Real estate mortgage investment conduits (REMICs):
GSE	694,087		7,092		62		701,117
Non-GSE	7,543		266		33		7,776
	1,158,071		30,354		194		1,188,231
Other securities:
Equity investments-mutual funds	12,998		—		—		12,998
Corporate bonds	73,708		694		—		74,402
	86,706		694		—		87,400
Total securities available-for-sale	$       1,244,777		$         31,048		$            194		$       1,275,631

Summary of Expected Maturity Distribution of Debt Securities Available-for-Sale, Other Than Mortgage-Backed Securities

Available-for-sale	Amortized cost		Estimated fair value
Due in one year or less	$                   -		$                   -
Due after one year through five years	110,944		110,639
	$       110,944		$        110,639

Activity Related to Credit Component Recognized in Earnings on Debt Securities

	Three months ended				Nine months ended
	September 30,				September 30,
	2013		2012		2013		2012
Balance, beginning of period	$                -		$            578		$                -		$            578
Additions to the credit component on debt securities in which other-than-temporary
impairment was not previously recognized	-		-		-		-
Reductions due to sales			(578)		-		(578)
Cumulative pre-tax credit losses, end of period	$                -		$                -		$                -		$                -

Gross Unrealized Losses on Mortgage-Backed Securities

	September 30, 2013
	Less than 12 months				12 months or more				Total
	Unrealized		Estimated		Unrealized		Estimated		Unrealized		Estimated
	losses		fair value		losses		fair value		losses		fair value
Mortgage-backed securities:
Pass-through certificates:
GSE	$          3,493		$      156,702		$               48		$        5,375		$          3,541		$      162,077
REMICs:
GSE	9,479		314,923		775		48,508		10,254		363,431
Non-GSE	24		1,246		29		482		53		1,728
Other securities:
GSE bonds	134		30,361		-		-		134		30,361
Corporate bonds	174		68,784		-		-		174		68,784
Total	$        13,304		$      572,016		$             852		$      54,365		$        14,156		$      626,381

	December 31, 2012
	Less than 12 months				12 months or more				Total
	Unrealized		Estimated		Unrealized		Estimated		Unrealized		Estimated
	losses		fair value		losses		fair value		losses		fair value
Mortgage-backed securities:
Pass-through certificates:
GSE	$              99		$        14,156		$                 -		$               -		$              99		$        14,156
REMICs:
GSE	58		100,310		4		7,633		62		107,943
Non-GSE	-		-		33		604		33		604
Total	$            157		$      114,466		$              37		$       8,237		$            194		$      122,703

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

- Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investments in an unrealized loss position 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), including: (a) the aggregate related fair value of investments with unrealized losses, (b) 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=6872113&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfTemporaryImpairmentLossesInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
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=6872113&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration