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SECURITIES (Tables)
3 Months Ended
Mar. 31, 2015
SECURITIES [Abstract]  
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

 

$   1,280,055

 

$        6,947

 

$             21

 

$   1,286,981

Government agency issued residential

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

196,712 

 

3,897 

 

228 

 

200,381 

Government agency issued commercial

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

225,378 

 

2,887 

 

856 

 

227,409 

Obligations of states and political subdivisions

 

444,059 

 

27,547 

 

67 

 

471,539 

Other

 

6,790 

 

1,273 

 

 -

 

8,063 

Total

 

$   2,152,994

 

$      42,551

 

$        1,172

 

$   2,194,373

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

 

$   1,213,310

 

$        4,093

 

$        2,349

 

$   1,215,054

Government agency issued residential

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

204,918 

 

4,751 

 

439 

 

209,230 

Government agency issued commercial

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

241,449 

 

2,319 

 

3,200 

 

240,568 

Obligations of states and political subdivisions

 

458,026 

 

25,986 

 

148 

 

483,864 

Other

 

6,864 

 

1,347 

 

 -

 

8,211 

Total

 

$   2,124,567

 

$      38,496

 

$        6,136

 

$   2,156,927

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

(In thousands)

U.S. Government agencies

 

$   1,416,273

 

$        7,899

 

$        4,903

 

$   1,419,269

Government agency issued residential

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

238,887 

 

3,898 

 

1,189 

 

241,596 

Government agency issued commercial

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

240,619 

 

1,866 

 

8,426 

 

234,059 

Obligations of states and political subdivisions

 

505,586 

 

19,051 

 

826 

 

523,811 

Other

 

6,947 

 

1,076 

 

 -

 

8,023 

Total

 

$   2,408,312

 

$      33,790

 

$      15,344

 

$   2,426,758

 

Amortized Cost And Estimated Fair Value Of Available-For-Sale Securities By Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

 

 

 

Estimated

 

Weighted

 

 

Amortized

 

Fair

 

Average

 

 

Cost

 

Value

 

Yield

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Maturing in one year or less

 

$      358,231

 

$      360,900

 

1.67 

%

Maturing after one year through five years

 

1,042,374 

 

1,048,727 

 

1.22 

 

Maturing after five years through ten years

 

50,915 

 

52,965 

 

4.90 

 

Maturing after ten years

 

279,384 

 

303,991 

 

6.00 

 

Mortgage-backed securities

 

422,090 

 

427,790 

 

2.08 

 

Total

 

$   2,152,994

 

$   2,194,373

 

 

 

 

Temporarily Impaired Available-For-Sale Securities With Continuous Unrealized Loss Positions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

Continuous Unrealized Loss Position

 

 

 

 

 

Less Than 12 Months

 

12 Months or Longer

 

Total

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

$      40,130

 

$             13

 

$        9,961

 

$               8

 

$      50,091

 

$             21

Government agency issued residential

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

5,402 

 

30 

 

23,555 

 

198 

 

28,957 

 

228 

Government agency issued commercial

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

93,708 

 

252 

 

80,341 

 

604 

 

174,049 

 

856 

Obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 political subdivisions

11,502 

 

37 

 

4,118 

 

30 

 

15,620 

 

67 

Total

$    150,742

 

$           332

 

$    117,975

 

$           840

 

$    268,717

 

$        1,172

 

 

 

 

 

 

 

 

 

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

Continuous Unrealized Loss Position

 

 

 

 

 

Less Than 12 Months

 

12 Months or Longer

 

Total

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

$    237,891

 

$           471

 

$    283,643

 

$        1,878

 

$    521,534

 

$        2,349

Government agency issued residential

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

 -

 

 -

 

24,565 

 

439 

 

24,565 

 

439 

Government agency issued commercial

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

3,822 

 

24 

 

203,520 

 

3,176 

 

207,342 

 

3,200 

Obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 political subdivisions

17,317 

 

62 

 

10,616 

 

86 

 

27,933 

 

148 

Total

$    259,030

 

$           557

 

$    522,344

 

$        5,579

 

$    781,374

 

$        6,136