XML 46 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments (Tables)
3 Months Ended
Mar. 31, 2013
Investments [Abstract]  
Unrealized Gain (Loss) on Investments [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

unrealized

 

unrealized

 

Fair

March 31, 2013

 

cost

 

gains

 

losses

 

value

Equity securities

 

$

2,104 

 

$

217 

 

$

(122)

 

$

2,199 

U.S. Government agency securities

 

 

12,448 

 

 

137 

 

 

(10)

 

 

12,575 

Municipal securities

 

 

57,647 

 

 

2,833 

 

 

(242)

 

 

60,238 

Corporate debt securities

 

 

1,004 

 

 

 -

 

 

(5)

 

 

999 

Trust preferred securities

 

 

5,911 

 

 

 -

 

 

(994)

 

 

4,917 

Agency mortgage-backed securities

 

 

50,536 

 

 

1,025 

 

 

(101)

 

 

51,460 

Private-label mortgage-backed securities

 

 

2,407 

 

 

29 

 

 

(37)

 

 

2,399 

Asset-backed securities

 

 

55 

 

 

 -

 

 

(10)

 

 

45 

 

 

$

132,112 

 

$

4,241 

 

$

(1,521)

 

$

134,832 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

unrealized

 

unrealized

 

Fair

December 31, 2012

 

cost

 

gains

 

losses

 

value

Equity securities

 

$

2,104 

 

$

92 

 

$

(255)

 

$

1,941 

U.S. Government agency securities

 

 

12,657 

 

 

156 

 

 

(4)

 

 

12,809 

Municipal securities

 

 

58,395 

 

 

2,984 

 

 

(163)

 

 

61,216 

Corporate debt securities

 

 

1,005 

 

 

 -

 

 

(11)

 

 

994 

Trust preferred securities

 

 

5,905 

 

 

 -

 

 

(1,075)

 

 

4,830 

Agency mortgage-backed securities

 

 

48,121 

 

 

1,029 

 

 

(84)

 

 

49,066 

Private-label mortgage-backed securities

 

 

2,539 

 

 

10 

 

 

(123)

 

 

2,426 

Asset-backed securities

 

 

59 

 

 

 -

 

 

(13)

 

 

46 

 

 

$

130,785 

 

$

4,271 

 

$

(1,728)

 

$

133,328 

 

Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Amorized cost

 

Fair value

Due in one year or less

$

2,435 

 

$

2,450 

Due after one year through five years

 

13,999 

 

 

14,770 

Due after five years through ten years

 

21,233 

 

 

22,302 

Due after ten years

 

39,398 

 

 

39,252 

 

 

77,065 

 

 

78,774 

Mortgage-backed securities

 

52,943 

 

 

53,859 

 

$

130,008 

 

$

132,633 

 

Schedule Of Trust Preferred Securities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deal Name

 

Single Issuer or Pooled

 

Class

 

Amortized Cost

 

Fair Value

 

Gross Unrealized Gain (Loss)

 

Lowest Credit Rating Assigned

 

Number of Banks Currently Performing

 

Deferrals and Defaults as % of Original Collateral

 

Expected Deferral/ Defaults as a Percentage of Remaining Performing Collateral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Huntington Cap Trust

 

Single

 

Preferred Stock

 

$

934 

 

$

735 

 

$

(199)

 

BB

 

1

 

None

 

None

Huntington Cap Trust II

 

Single

 

Preferred Stock

 

 

881 

 

 

721 

 

 

(160)

 

BB

 

1

 

None

 

None

BankAmerica Cap III

 

Single

 

Preferred Stock

 

 

959 

 

 

786 

 

 

(173)

 

BB

 

1

 

None

 

None

Wachovia Cap Trust II

 

Single

 

Preferred Stock

 

 

275 

 

 

247 

 

 

(28)

 

BBB+

 

1

 

None

 

None

Corestates Captl Tr II

 

Single

 

Preferred Stock

 

 

930 

 

 

821 

 

 

(109)

 

BBB+

 

1

 

None

 

None

Chase Cap VI JPM

 

Single

 

Preferred Stock

 

 

959 

 

 

825 

 

 

(134)

 

BBB

 

1

 

None

 

None

Fleet Cap Tr V

 

Single

 

Preferred Stock

 

 

973 

 

 

782 

 

 

(191)

 

BB

 

1

 

None

 

None

 

 

 

 

 

 

$

5,911 

 

$

4,917 

 

$

(994)

 

 

 

 

 

 

 

 

 

Private Label Mortgage Backed Securities [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Gross 

 

 

 

 

 

 

 

Cumulative

 

 

Origination

 

Amortized

 

Fair

 

Unrealized

 

Collateral

 

Lowest Credit

 

Credit

 

OTTI

Description

 

Date

 

Cost

 

Value

 

Gain (Loss)

 

Type

 

Rating Assigned

 

Support %

 

Charges

RALI 2004-QS4 A7

 

3/1/2004

 

$

287 

 

$

285 

 

$

(2)

 

ALT A

 

BBB+

 

11.92 

 

$

 -

MALT 2004-6 7A1

 

6/1/2004

 

 

517 

 

 

525 

 

 

 

ALT A

 

CCC

 

12.46 

 

 

 -

RALI 2005-QS2 A1

 

2/1/2005

 

 

420 

 

 

433 

 

 

13 

 

ALT A

 

C

 

6.49 

 

 

 -

RALI 2006-QS4 A2

 

4/1/2006

 

 

682 

 

 

647 

 

 

(35)

 

ALT A

 

D

 

 -

 

 

278 

GSR 2006-5F 2A1

 

5/1/2006

 

 

132 

 

 

132 

 

 

 -

 

Prime

 

D

 

 -

 

 

15 

RALI 2006-QS8 A1

 

7/28/2006

 

 

369 

 

 

377 

 

 

 

ALT A

 

D

 

 -

 

 

197 

 

 

 

 

$

2,407 

 

$

2,399 

 

$

(8)

 

 

 

 

 

 

 

$

490 

 

Schedule of Unrealized Loss on Investments [Table Text Block]

 

March 31, 2013

 

 

 

Less than 12 months

 

12 months or more

 

Total

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

$

 -

 

$

 -

 

 -

 

$

766 

 

$

(122)

 

10 

 

$

766 

 

$

(122)

 

10 

U.S. Government agency securities

 

2,956 

 

 

(5)

 

 

 

3,293 

 

 

(5)

 

 

 

6,249 

 

 

(10)

 

Municipal securities

 

9,467 

 

 

(242)

 

14 

 

 

 -

 

 

 -

 

 -

 

 

9,467 

 

 

(242)

 

14 

Corporate debt securities

 

 -

 

 

 -

 

 -

 

 

999 

 

 

(5)

 

 

 

999 

 

 

(5)

 

Trust preferred securities

 

 -

 

 

 -

 

 -

 

 

4,917 

 

 

(994)

 

 

 

4,917 

 

 

(994)

 

Agency mortgage-backed securities

 

9,127 

 

 

(97)

 

13 

 

 

969 

 

 

(4)

 

 

 

10,096 

 

 

(101)

 

17 

Private-label mortgage-backed securities

 

 -

 

 

 -

 

 -

 

 

932 

 

 

(37)

 

 

 

932 

 

 

(37)

 

Asset-backed securities

 

 -

 

 

 -

 

 -

 

 

45 

 

 

(10)

 

 

 

45 

 

 

(10)

 

Total temporarily impaired securities

$

21,550 

 

$

(344)

 

30 

 

$

11,921 

 

$

(1,177)

 

33 

 

$

33,471 

 

$

(1,521)

 

63 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

Less than 12 months

 

12 months or more

 

Total

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

$

226 

 

$

(20)

 

 

$

1,236 

 

$

(235)

 

13 

 

$

1,462 

 

$

(255)

 

16 

U.S. Government agency securities

 

938 

 

 

(1)

 

 

 

3,346 

 

 

(3)

 

 

 

4,284 

 

 

(4)

 

Municipal securities

 

8,789 

 

 

(163)

 

10 

 

 

 -

 

 

 -

 

 -

 

 

8,789 

 

 

(163)

 

10 

Corporate debt securities

 

 -

 

 

 -

 

 -

 

 

994 

 

 

(11)

 

 

 

994 

 

 

(11)

 

Trust preferred securities

 

 -

 

 

 -

 

 -

 

 

4,830 

 

 

(1,075)

 

 

 

4,830 

 

 

(1,075)

 

Agency mortgage-backed securities

 

6,869 

 

 

(68)

 

 

 

2,664 

 

 

(16)

 

 

 

9,533 

 

 

(84)

 

14 

Private-label mortgage-backed securities

 

 -

 

 

 -

 

 -

 

 

1,875 

 

 

(123)

 

 

 

1,875 

 

 

(123)

 

Asset-backed securities

 

 -

 

 

 -

 

 -

 

 

46 

 

 

(13)

 

 

 

46 

 

 

(13)

 

Total temporarily impaired securities

$

16,822 

 

$

(252)

 

22 

 

$

14,991 

 

$

(1,476)

 

41 

 

$

31,813 

 

$

(1,728)

 

63