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Available-For-Sale And Held-To-Maturity Securities (Tables)
 3 Months Ended
Mar. 31, 2013
Available-For-Sale And Held-To-Maturity Securities [Abstract]  
Schedule Of Amortized Cost And Fair Values Of The Available For Sale Securities And Held To Maturity Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013

 

Amortized cost

 

Gross unrealized gains (1)

 

Gross unrealized losses (1)

 

Estimated fair value

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

$
1,217 

 

$
1 

 

$
(1)

 

$
1,217 

State and municipal securities

 
185,400 

 

 
4,015 

 

 
(2,638)

 

 
186,777 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

Agency

 
723,399 

 

 
5,833 

 

 
(2,436)

 

 
726,796 

Commercial

 
243,192 

 

 
4,817 

 

 
(29)

 

 
247,980 

Non-agency

 
6,158 

 

 
136 

 

 

 -

 

 
6,294 

Corporate fixed income securities

 
493,887 

 

 
7,453 

 

 
(731)

 

 
500,609 

Asset-backed securities

 
59,934 

 

 
298 

 

 
(68)

 

 
60,164 

 

$
1,713,187 

 

$
22,553 

 

$
(5,903)

 

$
1,729,837 

Held-to-maturity securities (2)

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

$
638,673 

 

$
10,504 

 

$
(2,191)

 

$
646,986 

Corporate fixed income securities

 
55,398 

 

 
177 

 

 
(295)

 

 
55,280 

Municipal auction rate securities

 
22,202 

 

 
1,393 

 

 
(18)

 

 
23,577 

 

$
716,273 

 

$
12,074 

 

$
(2,504)

 

$
725,843 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Amortized cost

 

Gross unrealized gains (1)

 

Gross unrealized losses (1)

 

Estimated fair value

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

U.S. government agency securities

$
1,114 

 

$
1 

 

$
(2)

 

$
1,113 

State and municipal securities

 
153,885 

 

 
4,648 

 

 
(1,113)

 

 
157,420 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 -

Agency

 
676,861 

 

 
8,140 

 

 
(153)

 

 
684,848 

Commercial

 
255,255 

 

 
5,902 

 

 
(183)

 

 
260,974 

Non-agency

 
13,077 

 

 
801 

 

 

 -

 

 
13,878 

Corporate fixed income securities

 
474,338 

 

 
7,590 

 

 
(1,746)

 

 
480,182 

Asset-backed securities

 
26,572 

 

 
378 

 

 
(197)

 

 
26,753 

 

$
1,601,102 

 

$
27,460 

 

$
(3,394)

 

$
1,625,168 

Held-to-maturity securities (2)

 

 

 

 

 

 

 

 

 

 

 

Asset-backed securities

$
630,279 

 

$
9,364 

 

$
(2,971)

 

$
636,672 

Corporate fixed income securities

 
55,420 

 

 
36 

 

 
(519)

 

 
54,937 

Municipal auction rate securities

 
22,309 

 

 
1,376 

 

 
(20)

 

 
23,665 

 

$
708,008 

 

$
10,776 

 

$
(3,510)

 

$
715,274 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Unrealized gains/(losses) related to available-for-sale securities are reported in accumulated other comprehensive income.

(2)

Held-to-maturity securities are carried in the consolidated statements of financial condition at amortized cost, and the changes in the value of these securities, other than impairment charges, are not reported on the consolidated financial statements.

 

Schedule Of Amortized Cost And Fair Values Of Debt Securities By Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013

 

Available-for-sale securities

 

Held-to-maturity securities

 

Amortized cost

 

Estimated fair value

 

Amortized cost

 

Estimated fair value

Debt securities

 

 

 

 

 

 

 

 

 

 

 

Within one year

$
130,020 

 

$
130,899 

 

$

 -

 

$

 -

After one year through three years

 
290,906 

 

 
296,597 

 

 
16,154 

 

 
16,251 

After three years through five years

 
31,259 

 

 
31,718 

 

 
46,934 

 

 
46,775 

After five years through ten years

 
53,451 

 

 
53,480 

 

 
251,641 

 

 
253,556 

After ten years

 
234,802 

 

 
236,073 

 

 
401,544 

 

 
409,261 

Mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

After three years through five years

 
349 

 

 
359 

 

 

 -

 

 

 -

After five years through ten years

 
16,736 

 

 
17,452 

 

 

 -

 

 

 -

After ten years

 
955,664 

 

 
963,259 

 

 

 -

 

 

 -

 

$
1,713,187 

 

$
1,729,837 

 

$
716,273 

 

$
725,843 

 

Schedule Of Gross Unrealized Losses And The Estimated Fair Value By Length Of Time

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 months

 

12 months or more

 

Total

 

Gross unrealized losses

 

Estimated fair value

 

Gross unrealized losses

 

Estimated fair value

 

Gross unrealized losses

 

Estimated fair value

Available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

$
(1)

 

$
509 

 

$

 -

 

$

 -

 

$
(1)

 

$
509 

State and municipal securities

 
(1,977)

 

 
78,533 

 

 
(661)

 

 
32,554 

 

 
(2,638)

 

 
111,087 

Mortgage-backed securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agency

 
(2,436)

 

 
373,671 

 

 

 -

 

 

 -

 

 
(2,436)

 

 
373,671 

Commercial

 
(1)

 

 
12,933 

 

 
(28)

 

 
17,378 

 

 
(29)

 

 
30,311 

Corporate fixed income securities

 
(479)

 

 
41,688 

 

 
(252)

 

 
39,705 

 

 
(731)

 

 
81,393 

Asset-backed securities

 
(9)

 

 
13,063 

 

 
(59)

 

 
13,576 

 

 
(68)

 

 
26,639 

 

$
(4,903)

 

$
520,397 

 

$
(1,000)

 

$
103,213 

 

$
(5,903)

 

$
623,610