Securities (Tables)

3 Months Ended

Mar. 31, 2014

Investments Debt And Equity Securities [Abstract]

Components of Available for Sale Portfolio

Components of the available for sale portfolio are as follows:

	March 31, 2014
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities’ securities	$	247,596	$	1	$	(16,881	)	$	230,716
Equity securities		100		358		—			458
Mortgage-backed GSE securities: residential		297,517		34		(11,337	)		286,214
Total	$	545,213	$	393	$	(28,218	)	$	517,388
	December 31, 2013
			Gross		Gross
	Amortized		unrealized		unrealized			Fair
	cost		gains		losses			value
	(Dollars in thousands)
Available for Sale
U.S. Treasury and government sponsored entities’ securities	$	247,863	$	—	$	(25,570	)	$	222,293
Equity securities		101		344		—			445
Mortgage-backed GSE securities: residential		303,435		31		(15,198	)		288,268
Total	$	551,399	$	375	$	(40,768	)	$	511,006

Debt Securities Available for Sale by Contractual Maturity

Debt securities available for sale by contractual maturity, repricing or expected call date are shown below:

	March 31, 2014
	(Dollars in thousands)
	Amortized		Fair
	Cost		Value
Due in one year or less	$	—	$	—
Due after one year through five years		—		—
Due after five years through ten years		186,149		174,498
Due after ten years through fifteen years		61,447		56,218
Mortgage-backed GSE securities: residential		297,517		286,214
Total	$	545,113	$	516,930

Securities Available for Sale in Unrealized Loss Position

Securities available for sale that have been in an unrealized loss position for less than twelve months or twelve months or more are as follows:

	March 31, 2014
	(Dollars in thousands)
	Less Than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
U.S. Treasury and government sponsored entities’ securities	$	200,991	$	(13,899	)	$	29,224	$	(2,982	)	$	230,215	$	(16,881	)
Mortgage-backed GSE securities: residential		238,033		(7,655	)		47,433		(3,682	)		285,466		(11,337	)
Total	$	439,024	$	(21,554	)	$	76,657	$	(6,664	)	$	515,681	$	(28,218	)
	December 31, 2013
	(Dollars in thousands)
	Less Than 12 Months					12 Months or More					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Loss			Value		Loss			Value		Loss
U.S. Treasury and government sponsored entities’ securities	$	193,746	$	(21,360	)	$	28,046	$	(4,210	)	$	221,792	$	(25,570	)
Mortgage-backed GSE securities: residential		240,201		(10,680	)		47,319		(4,518	)		287,520		(15,198	)
Total	$	433,947	$	(32,040	)	$	75,365	$	(8,728	)	$	509,312	$	(40,768	)