XML 65 R21.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Note 3 - Securities (Tables)
6 Months Ended
Jun. 30, 2011
Marketable Securities [Text Block]
   
June 30, 2011
 
December 31, 2010
 
   
Amortized
 
Gross Unrealized
 
Fair
 
Amortized
 
Gross Unrealized
 
Fair
 
   
Cost
 
Gains
 
Losses
 
Value
 
Cost
 
Gains
 
Losses
 
Value
 
Securities Available-for-Sale
                           
U.S. agency securities
  $ 8,122     $ 23     $ (32 )   $ 8,113     $ 18,000     $ 7     $ (121 )   $ 17,886  
Collateralized residential mortgage obligations (“CMOs”)
    373,600       3,824       (722 )     376,702       377,692       4,261       (2,364 )     379,589  
Other residential mortgage-backed securities
    91,539       6,290       (24 )     97,805       100,780       5,732       (61 )     106,451  
Municipal securities
    471,617       10,487       (2,185 )     479,919       512,063       4,728       (12,800 )     503,991  
Collateralized debt obligations (“CDOs”)
    49,695       -       (33,208 )     16,487       49,695       -       (34,837 )     14,858  
Corporate debt securities
    25,325       2,597       -       27,922       29,936       2,409       -       32,345  
Equity securities:
                                                               
Hedge fund investment
    1,231       651       -       1,882       1,245       438       -       1,683  
Other equity securities
    927       117       (1 )     1,043       889       110       -       999  
                                                                 
Total equity securities
    2,158       768       ( 1 )     2,925       2,134       548       -       2,682  
                                                                 
Total
  $ 1,022,056     $ 23,989     $ (36,172 )   $ 1,009,873     $ 1,090,300     $ 17,685     $ (50,183 )   $ 1,057,802  
Securities Held-to-Maturity
                                                       
Municipal securities
  $ 76,142     $ 2,343     $ -     $ 78,485     $ 81,320     $ 1,205     $ -     $ 82,525  
Trading Securities (1)
                    $ 16,230                             $ 15,282  
Investments Classified by Contractual Maturity Date [Table Text Block]
   
June 30, 2011
 
   
Available-for-Sale
   
Held-to-Maturity
 
   
Amortized
Cost
   
Fair
Value
   
Amortized
Cost
   
Fair
Value
 
One year or less
  $ 8,301     $ 7,967     $ 7,010     $ 7,226  
One year to five years
    201,321       193,222       15,137       15,603  
Five years to ten years
    115,597       110,947       21,468       22,129  
After ten years
    229,540       220,305       32,527       33,527  
CMOs
    373,600       376,702       -       -  
Other residential mortgage-backed securities
    91,539       97,805       -       -  
Equity securities
    2,158       2,925       -       -  
        Total
  $ 1,022,056     $ 1,009,873     $ 76,142     $ 78,485  
Realized Gain (Loss) on Investments [Table Text Block]
   
Quarters Ended June 30,
   
Six Months Ended June 30,
 
   
2011
   
2010
   
2011
   
2010
 
Proceeds from sales
  $ 53,118     $ 66,618     $ 97,330     $ 147,601  
Gains (losses) on sales of securities:
                               
Gross realized gains
  $ 1,974     $ 2,367     $ 2,782     $ 8,187  
Gross realized losses
    (443 )     (112 )     (711 )     (112 )
Net realized gains on securities sales
    1,531       2,255       2,071       8,075  
Non-cash impairment charges
                               
Other-than-temporary securities impairment
    -       (1,581 )     -       (4,344 )
Portion of other-than-temporary impairment recognized in other comprehensive income
    -       447       -       447  
Net non-cash impairment charges
    -       (1,134 )     -       (3,897 )
Net realized gains
  $ 1,531     $ 1,121     $ 2,071     $ 4,178  
Income tax expense on net realized gains
  $ 636     $ 437     $ 847     $ 1,629  
Trading gains (losses), net (1)
  $ (2 )   $ (1,022 )   $ 742     $ (561 )
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]
   
Quarter Ended June 30,
   
Six Months Ended June 30,
 
   
2011
   
2010
   
2011
   
2010
 
Cumulative amount recognized at beginning of period
  $ 35,589     $ 33,709     $ 35,589     $ 30,946  
Credit losses included in earnings (1)
                               
Losses recognized on securities that previously had credit losses
    -       1,048       -       3,568  
Losses recognized on securities that did not previously have credit losses
    -       86       -       329  
Cumulative amount recognized at end of period
  $ 35,589     $ 34,843     $ 35,589     $ 34,843  
Unrealized Gain (Loss) on Investments [Table Text Block]
         
Less Than 12 Months
   
12 Months or Longer
   
Total
 
   
Number of
Securities
   
Fair
Value
   
Unrealized
Losses
   
Fair
Value
   
Unrealized
Losses
   
Fair
Value
   
Unrealized
Losses
 
As of June 30, 2011
                                         
U.S. agency security
    1     $ 3,045     $ 32     $ -     $ -     $ 3,045     $ 32  
CMOs
    10       50,412       323       9,698       399       60,110       722  
Other residential mortgage-backed securities
    2       317       18       159       6       476       24  
Municipal securities
    134       17,005       582       53,943       1,603       70,948       2,185  
CDOs
    6       -       -       16,487       33,208       16,487       33,208  
Equity security
    1       -       -       30       1       30       1  
    Total
    154     $ 70,779     $ 955     $ 80,317     $ 35,217     $ 151,096     $ 36,172  
                                                         
As of December 31, 2010
                                                       
U.S. agency securities
    4     $ 9,096     $ 120     $ -     $ 1     $ 9,096     $ 121  
CMOs
    19       131,056       1,727       7,843       637       138,899       2,364  
Other residential mortgage-backed securities
    5       6,084       51       159       10       6,243       61  
Municipal securities
    479       99,537       3,142       166,403       9,658       265,940       12,800  
CDOs
    6       -       -       14,858       34,837       14,858       34,837  
    Total
    513     $ 245,773     $ 5,040     $ 189,263     $ 45,143     $ 435,036     $ 50,183  
Certain Characteristics And Metrics Of The CDOs [Text Block]
            Original     Amortized     Fair    
Lowest Credit Rating
Assigned to the Security
   
Number of Banks/
    % of Banks/ Insurers Currently     Actual Deferrals and Defaults as a % of the Original     Expected Deferrals and Defaults as a % of the Remaining Performing    
Excess Subordination as a % of the Remaining Performing
 
Number
   
Class
   
Par
   
Cost
   
Value
   
Moody’s
   
Fitch
   
Insurers
   
Performing
   
Collateral (1)
   
Collateral (1)
   
Collateral (2)
 
1       C-1     $ 17,500     $ 7,140     $ 3,353    
Ca
      C       46       73.9 %     15.8 %     20.7 %     0.0 %
2       C-1       15,000       7,657       2,477    
Ca
      C       57       84.2 %     12.1 %     18.8 %     0.0 %
3       C-1       15,000       13,480       4,016    
Ca
      C       63       81.0 %     7.8 %     15.5 %     6.0 %
4       B1       15,000       13,922       4,344    
Ca
      C       64       59.4 %     35.0 %     23.5 %     0.0 %
5       C       10,000       1,317       212     C       C       56       60.7 %     44.6 %     28.1 %     0.0 %
6       C       6,500       6,179       2,085    
Ca
      C       77       68.8 %     23.1 %     12.8 %     10.5 %
7(3)       A-3L       6,750       -       -       N/A       N/A       N/A       N/A       N/A       N/A       N/A  
              $ 85,750     $ 49,695     $ 16,487                                                          
Credit Related Collateralized Debt Obligation Impairment Losses
     
Quarters Ended
June 30,
   
Six Months Ended
June 30,
       
Number
   
2011
   
2010
   
2011
   
2010
   
Life-to-Date
 
1     $ -     $ -     $ -     $ -     $ 10,360  
2       -       794       -       794       7,343  
3       -       -       -       -       1,159  
4       -       -       -       684       1,078  
5       -       254       -       2,091       8,570  
6       -       -       -       242       243  
7       -       -       -       -       6,750  
      $ -     $ 1,048     $ -     $ 3,811     $ 35,503