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Note 3 - Securities (Tables)

12 Months Ended

Dec. 31, 2011

Securities Portfolios [Table Text Block]

	December 31,
	2011												2010
	Amortized			Gross Unrealized						Fair			Amortized			Gross Unrealized						Fair
	Cost			Gains			Losses			Value			Cost			Gains			Losses			Value
Securities Available-for-Sale
U.S. agency	$	5,060		$	-		$	(25	)	$	5,035		$	18,000		$	7		$	(121	)	$	17,886
CMOs		383,828			2,622			(2,346	)		384,104			377,692			4,261			(2,364	)		379,589
Other residential mortgage-backed securities		81,982			5,732			(23	)		87,691			100,780			5,732			(61	)		106,451
Municipal securities		464,282			26,155			(366	)		490,071			512,063			4,728			(12,800	)		503,991
CDOs		48,759			-			(35,365	)		13,394			49,695			-			(34,837	)		14,858
Corporate debt securities		27,511			2,514			(11	)		30,014			29,936			2,409			-			32,345
Equity securities:
Hedge fund investment		1,231			385			-			1,616			1,245			438			-			1,683
Other equity securities		958			123			-			1,081			889			110			-			999
Total equity securities		2,189			508			-			2,697			2,134			548			-			2,682
Total	$	1,013,611		$	37,531		$	(38,136	)	$	1,013,006		$	1,090,300		$	17,685		$	(50,183	)	$	1,057,802
Securities Held-to-Maturity
Municipal securities	$	60,458		$	1,019		$	-		$	61,477		$	81,320		$	1,205		$	-		$	82,525
Trading Securities										$	14,469											$	15,282

Investments Classified by Contractual Maturity Date [Table Text Block]

		December 31, 2011
		Available-for-Sale								Held-to-Maturity
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
One year or less		$	7,327			$	7,232			$	4,301			$	4,374
One year to five years			336,726				332,345				20,582				20,929
Five years to ten years			111,698				110,245				13,081				13,302
After ten years			89,861				88,692				22,494				22,872
CMOs			383,828				384,104				-				-
Other residential mortgage-backed securities			81,982				87,691				-				-
Equity securities			2,189				2,697				-				-
Total		$	1,013,611			$	1,013,006			$	60,458			$	61,477

Realized Gain (Loss) on Investments [Table Text Block]

		Years ended December 31,
		2011				2010				2009
Proceeds from sales		$	188,556			$	390,217			$	855,405
Gains (losses) on sales of securities:
Gross realized gains		$	4,103			$	18,444			$	26,735
Gross realized losses			(757	)			(1,311	)			(9	)
Net realized gains on securities sales			3,346				17,133				26,726
Non-cash impairment charges:
Other-than-temporary securities impairment			(1,464	)			(5,364	)			(48,928	)
Portion of other-than-temporary impairment recognized in other comprehensive income (loss)			528				447				24,312
Net non-cash impairment charges			(936	)			(4,917	)			(24,616	)
Net realized gains		$	2,410			$	12,216			$	2,110
Income tax expense on net realized gains		$	986			$	4,764			$	824
Trading (losses) gains, net (1)		$	(691	)		$	1,530			$	2,542
Net non-cash impairment charges:
CDOs		$	936			$	4,664			$	24,509
Whole loan mortgage-backed security included in CMOs			-				86				-
Equity securities			-				167				107
Total		$	936			$	4,917			$	24,616

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

		Years Ended December 31,
		2011				2010				2009
Cumulative amount recognized at beginning of year		$	35,589			$	30,839			$	6,330
Credit losses included in earnings (1):
Losses recognized on securities that previously had credit losses			936				4,421				11,797
Losses recognized on securities that did not previously have credit losses			-				329				12,712
Cumulative amount recognized at end of year		$	36,525			$	35,589			$	30,839

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 December 31, 2011
U.S. agency security			2			$	-			$	-			$	5,035			$	25			$	5,035			$	25
CMOs			30				163,819				1,818				12,628				528				176,447				2,346
Other residential mortgage-backed securities			4				182				17				1,072				6				1,254				23
Municipal securities			19				934				2				7,857				364				8,791				366
CDOs			6				-				-				13,394				35,365				13,394				35,365
Corporate debt securities			1				2,157				11				-				-				2,157				11
Total			62			$	167,092			$	1,848			$	39,986			$	36,288			$	207,078			$	38,136
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 [Table Text Block]

Number		Class		Original Par			Amortized Cost			Fair Value							Number of Banks/ Insurers		% of Banks/ Insurers Currently Performing		Actual Deferrals and Defaults as a % of the Original Collateral (1)		Expected Deferrals and Defaults as a % of the Remaining Performing Collateral (1)		Excess Subordination as a % of the Remaining Performing Collateral (2)
													Lowest Credit Rating Assigned to the Security
													Moody’s		Fitch
1		C-1		$	17,500		$	7,140		$	3,000		Ca		C		34		73.9%		15.8%		24.5%		0.0%
2		C-1			15,000			7,132			1,494		Ca		C		47		82.5%		16.1%		23.5%		0.0%
3		C-1			15,000			13,069			3,080		Ca		C		48		77.4%		9.0%		16.8%		7.2%
4		B1			15,000			13,922			3,900		Ca		C		35		55.6%		37.3%		32.3%		0.0%
5		C			10,000			1,317			303		C		C		33		58.9%		45.4%		31.3%		0.0%
6		C			6,500			6,179			1,617		Ca		C		54		68.4%		24.3%		12.7%		9.8%
7 (3)		A-3L			6,750			-			-		N/A		N/A		N/A		N/A		N/A		N/A		N/A
				$	85,750		$	48,759		$	13,394

			Years Ended December 31,
Number			2011				2010				2009				2008 (1)				Life-to-Date
1			$	-			$	-			$	8,474			$	1,886			$	10,360
2				525				794				6,549				-				7,868
3				411				142				1,017				-				1,570
4				-				684				394				-				1,078
5				-				2,801				5,769				-				8,570
6				-				243				-				-				243
7				-				-				2,306				4,444				6,750
			$	936			$	4,664			$	24,509			$	6,330			$	36,439

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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