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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2012
Investment Securities [Abstract]  
Amortized Cost, Unrealized Gains And Losses, And Fair Value Of Investment Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Cost

 

Gains

 

Losses

 

Value

AVAILABLE FOR SALE:

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury and agencies

$
45,503 

 

$
318 

 

$
(1)

 

$
45,820 

 Obligations of states and political subdivisions

 
245,606 

 

 
18,119 

 

 

 -

 

 
263,725 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

 
2,291,253 

 

 
28,747 

 

 
(6,624)

 

 
2,313,376 

 Other debt securities

 
143 

 

 
79 

 

 

 -

 

 
222 

 Investments in mutual funds and

 

 

 

 

 

 

 

 

 

 

 

    other equity securities

 
1,959 

 

 
127 

 

 

 -

 

 
2,086 

 

$
2,584,464 

 

$
47,390 

 

$
(6,625)

 

$
2,625,229 

 

 

 

 

 

 

 

 

 

 

 

 

HELD TO MATURITY:

 

 

 

 

 

 

 

 

 

 

 

 Obligations of states and political subdivisions

$
595 

 

$
1 

 

$

 -

 

$
596 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

 
3,946 

 

 
197 

 

 
(7)

 

 
4,136 

 

$
4,541 

 

$
198 

 

$
(7)

 

$
4,732 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Cost

 

Gains

 

Losses

 

Value

AVAILABLE FOR SALE:

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury and agencies

$
117,232 

 

$
1,234 

 

$
(1)

 

$
118,465 

 Obligations of states and political subdivisions

 
237,302 

 

 
16,264 

 

 
(13)

 

 
253,553 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

 
2,755,153 

 

 
43,152 

 

 
(3,950)

 

 
2,794,355 

 Other debt securities

 
151 

 

 

 -

 

 
(17)

 

 
134 

 Investments in mutual funds and

 

 

 

 

 

 

 

 

 

 

 

    other equity securities

 
1,959 

 

 
112 

 

 

 -

 

 
2,071 

 

$
3,111,797 

 

$
60,762 

 

$
(3,981)

 

$
3,168,578 

 

 

 

 

 

 

 

 

 

 

 

 

HELD TO MATURITY:

 

 

 

 

 

 

 

 

 

 

 

 Obligations of states and political subdivisions

$
1,335 

 

$
2 

 

$

 -

 

$
1,337 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

 
3,379 

 

 
120 

 

 
(77)

 

 
3,422 

 

$
4,714 

 

$
122 

 

$
(77)

 

$
4,759 

 

Schedule Of Fair Value And Unrealized Losses Of Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

12 Months or Longer

 

Total

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

AVAILABLE FOR SALE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury and agencies

$

 -

 

$

 -

 

$
59 

 

$
1 

 

$
59 

 

$
1 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

 
780,234 

 

 
5,548 

 

 
106,096 

 

 
1,076 

 

 
886,330 

 

 
6,624 

  Total temporarily impaired securities

$
780,234 

 

$
5,548 

 

$
106,155 

 

$
1,077 

 

$
886,389 

 

$
6,625 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELD TO MATURITY:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

$

 -

 

$

 -

 

$
48 

 

$
7 

 

$
48 

 

$
7 

  Total temporarily impaired securities

$

 -

 

$

 -

 

$
48 

 

$
7 

 

$
48 

 

$
7 

 

Unrealized losses on the impaired held to maturity collateralized mortgage obligations include the unrealized losses related to factors other than credit that are included in other comprehensive income. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 Months

 

12 Months or Longer

 

Total

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

AVAILABLE FOR SALE:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 U.S. Treasury and agencies

$

 -

 

$

 -

 

$
85 

 

$
1 

 

$
85 

 

$
1 

 Obligations of states and political subdivisions

 
516 

 

 
13 

 

 

 -

 

 

 -

 

 
516 

 

 
13 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

 
489,475 

 

 
3,160 

 

 
52,222 

 

 
790 

 

 
541,697 

 

 
3,950 

 Other debt securities

 

 -

 

 

 -

 

 
134 

 

 
17 

 

 
134 

 

 
17 

  Total temporarily impaired securities

$
489,991 

 

$
3,173 

 

$
52,441 

 

$
808 

 

$
542,432 

 

$
3,981 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELD TO MATURITY:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    collateralized mortgage obligations

$

 -

 

$

 -

 

$
602 

 

$
77 

 

$
602 

 

$
77 

  Total temporarily impaired securities

$

 -

 

$

 -

 

$
602 

 

$
77 

 

$
602 

 

$
77 

 

Schedule Of Maturities Of Investment Securities

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Available For Sale

 

Held To Maturity

 

Amortized

 

Fair

 

Amortized

 

Fair

 

Cost

 

Value

 

Cost

 

Value

AMOUNTS MATURING IN:

 

 

 

 

 

 

 

 

 

 

 

 Three months or less

$
41,686 

 

$
41,617 

 

$
245 

 

$
245 

 Over three months through twelve months

 
385,395 

 

 
388,761 

 

 
350 

 

 
351 

 After one year through five years

 
1,551,960 

 

 
1,577,761 

 

 
1,157 

 

 
1,289 

 After five years through ten years

 
402,606 

 

 
412,081 

 

 
227 

 

 
285 

 After ten years

 
200,858 

 

 
202,923 

 

 
2,562 

 

 
2,562 

 Other investment securities

 
1,959 

 

 
2,086 

 

 

 -

 

 

 -

 

$
2,584,464 

 

$
2,625,229 

 

$
4,541 

 

$
4,732 

 

Gross Realized Gains And Losses On Sales Of Available-For-Sale Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

 

Gains

 

Losses

 

Gains

 

Losses

 

Gains

 

Losses

U.S. Treasury and agencies

$
371 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$
1 

Obligations of states and political subdivisions

 
10 

 

 
1 

 

 
8 

 

 

 -

 

 
3 

 

 
7 

Residential mortgage-backed securities and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  collateralized mortgage obligations

 
4,578 

 

 
953 

 

 
8,544 

 

 
817 

 

 
2,331 

 

 

 -

Other debt securities

 
18 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

$
4,977 

 

$
954 

 

$
8,552 

 

$
817 

 

$
2,334 

 

$
8 

 

Investment Securities Pledged To Secure Borrowings And Public Deposits

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

Amortized

 

Fair

 

Cost

 

Value

To Federal Home Loan Bank to secure borrowings

$
66,757 

 

$
68,220 

To state and local governments to secure public deposits

 
785,872 

 

 
802,847 

Other securities pledged principally to secure repurchase agreements

 
233,492 

 

 
234,313 

Total pledged securities

$
1,086,121 

 

$
1,105,380