XML 41 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2018
Schedule of Held-to-maturity Securities [Line Items]  
Analysis of Amortized Cost and Estimated Fair Value of Securities Available for Sale
Below is an analysis of the amortized cost and estimated fair values of securities available for sale at:
 
September 30, 2018
 
December 31, 2017
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
(dollars in thousands)
Obligations of U.S. Government Agencies:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage-Backed Securities – Residential
$
9,276

 
$
484

 
$
(132
)
 
$
9,628

 
$
10,556

 
$
789

 
$
(7
)
 
$
11,338

Mortgage-Backed Securities – Commercial
170,086

 
—

 
(2,675
)
 
167,411

 
24,611

 
—

 
(462
)
 
24,149

Obligations of U.S. Government-Sponsored Enterprises:
 
 
 
 
 
 

 
 
 
 
 
 
 

Mortgage-Backed Securities – Residential
685,721

 
987

 
(25,079
)
 
661,629

 
632,422

 
2,622

 
(9,489
)
 
625,555

Other Government-Sponsored Enterprises
100

 
—

 
—

 
100

 
1,098

 
—

 
(1
)
 
1,097

Obligations of States and Political Subdivisions
27,590

 
56

 
(129
)
 
27,517

 
27,083

 
327

 
—

 
27,410

Corporate Securities
20,907

 
473

 
(279
)
 
21,101

 
15,907

 
590

 
(4
)
 
16,493

Pooled Trust Preferred Collateralized Debt Obligations
—

 
—

 
—

 
—

 
27,499

 
526

 
(4,379
)
 
23,646

Total Debt Securities
913,680

 
2,000

 
(28,294
)
 
887,386

 
739,176

 
4,854

 
(14,342
)
 
729,688

Equities
1,670

 
—

 
—

 
1,670

 
1,670

 
—

 
—

 
1,670

Total Securities Available for Sale
$
915,350

 
$
2,000

 
$
(28,294
)
 
$
889,056

 
$
740,846

 
$
4,854

 
$
(14,342
)
 
$
731,358
Amortized Cost and Estimated Fair Value of Debt Securities Available for Sale
The amortized cost and estimated fair value of debt securities available for sale at September 30, 2018, by contractual maturity, are shown below.
 
Amortized
Cost
 
Estimated
Fair Value
 
(dollars in thousands)
Due within 1 year
$
4,099

 
$
4,089

Due after 1 but within 5 years
15,730

 
15,464

Due after 5 but within 10 years
26,342

 
26,269

Due after 10 years
2,426

 
2,896

 
48,597

 
48,718

Mortgage-Backed Securities (a)
865,083

 
838,668

Total Debt Securities
$
913,680

 
$
887,386

 
(a)
Mortgage-Backed Securities include an amortized cost of $179.4 million and a fair value of $177.0 million for Obligations of U.S. Government agencies issued by Ginnie Mae and an amortized cost of $685.7 million and a fair value of $661.6 million for Obligations of U.S. Government-sponsored enterprises issued by Fannie Mae and Freddie Mac
Proceeds from Sale, Gross Gains (Losses) Realized on Sales, Maturities and Other-Than-Temporary Impairment Charges Related to Securities Available for Sale
Proceeds from sales, gross gains (losses) realized on sales, maturities and other-than-temporary impairment charges related to securities available for sale were as follows for the nine months ended September 30:
 
2018
 
2017
 
(dollars in thousands)
Proceeds from sales
$
15,939

 
$
143,660

Gross gains (losses) realized:
 
 
 
Sales Transactions:
 
 
 
Gross gains
$
4,719

 
$
359

Gross losses
—

 
(316
)
 
4,719

 
43

Maturities and impairment
 
 
 
Gross gains
3,383

 
712

Gross losses
—

 
(60
)
 
3,383

 
652

Net gains and impairment
$
8,102

 
$
695