XML 46 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investment Securities (Tables)
3 Months Ended
Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule Of Investment Securities
Investment securities at December 31, 2017, were as follows:
 
Debt Securities Available-for-Sale (In thousands)
 
Amortized
Cost
 
Gross
Unrealized
Holding 
Gains
 
Gross
Unrealized
Holding 
Losses
 
Estimated 
Fair Value
Obligations of U.S. Treasury and other U.S. Government sponsored entities
 
$
245,000

 
$

 
$
2,280

 
$
242,720

U.S. Government sponsored entities' asset-backed securities
 
852,645

 
4,645

 
8,129

 
849,161

Total
 
$
1,097,645

 
$
4,645

 
$
10,409

 
$
1,091,881

 
Debt Securities Held-to-Maturity (In thousands)
 
Amortized
Cost
 
Gross
Unrecognized
Holding 
Gains
 
Gross
Unrecognized
Holding 
Losses
 
Estimated
Fair Value
Obligations of states and political subdivisions
 
$
300,412

 
$
6,575

 
$
713

 
$
306,274

U.S. Government sponsored entities' asset-backed securities
 
56,785

 
758

 
38

 
57,505

Total
 
$
357,197

 
$
7,333

 
$
751

 
$
363,779

Investment securities at March 31, 2018, were as follows:
 
Debt Securities Available-for-Sale (In thousands)
 
Amortized
Cost
 
Gross
Unrealized
Holding 
Gains
 
Gross
Unrealized
Holding 
Losses
 
Estimated 
Fair Value
U.S. Government sponsored entities' asset-backed securities
 
1,079,745

 
880

 
33,715

 
1,046,910

Total
 
$
1,079,745

 
$
880

 
$
33,715

 
$
1,046,910

 
Debt Securities Held-to-Maturity (In thousands)
 
Amortized
Cost
 
Gross
Unrecognized
Holding 
Gains
 
Gross
Unrecognized
Holding 
Losses
 
Estimated
Fair Value
U.S. Government sponsored entities' asset-backed securities
 
$
47,767

 
$
18

 
$
1,246

 
$
46,539

Obligations of states and political subdivisions
 
299,855

 
3,091

 
$
3,286

 
299,660

Total
 
$
347,622

 
$
3,109

 
$
4,532

 
$
346,199

Schedule Of Unrealized Loss On Securities
Investment securities with unrealized/unrecognized losses at March 31, 2018, were as follows:
 
 
 
Unrealized/unrecognized loss position for less than 12 months
 
Unrealized/unrecognized loss position for 12 months or longer
 
Total
(In thousands)
 
Fair value
 
Unrealized/unrecognized
losses
 
Fair value
 
Unrealized/unrecognized
losses
 
Fair
value
 
Unrealized/unrecognized
losses
Debt Securities Available-for-Sale
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored entities' asset-backed securities
 
662,276

 
17,518

 
$
294,713

 
16,197

 
$
956,989

 
33,715

Total
 
$
662,276

 
$
17,518

 
$
294,713

 
$
16,197

 
$
956,989

 
$
33,715

Debt Securities Held-to-Maturity
 
 

 
 

 
 

 
 

 
 

 
 

U.S. Government sponsored entities' asset-backed securities
 
$
45,521

 
$
1,246

 
$

 
$

 
$
45,521

 
$
1,246

Obligations of states and political subdivisions
 
115,143

 
$
1,534

 
49,748

 
1,752

 
$
164,891

 
3,286

Total
 
$
160,664

 
$
2,780

 
$
49,748

 
$
1,752

 
$
210,412

 
$
4,532

Investment securities with unrealized/unrecognized losses at December 31, 2017, were as follows:
 
 
 
Unrealized/unrecognized loss position for less than 12 months
 
Unrealized/unrecognized loss position for 12 months or longer
 
Total
(In thousands)
 
Fair value
 
Unrealized/unrecognized
losses
 
Fair value
 
Unrealized/unrecognized
losses
 
Fair
value
 
Unrealized/unrecognized
losses
Debt Securities Available-for-Sale
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. Treasury and other U.S. Government sponsored entities
 
$
24,931

 
$
70

 
$
217,789

 
$
2,210

 
$
242,720

 
$
2,280

U.S. Government sponsored entities' asset-backed securities
 
236,924

 
2,786

 
318,797

 
5,343

 
555,721

 
8,129

Total
 
$
261,855

 
$
2,856

 
$
536,586

 
$
7,553

 
$
798,441

 
$
10,409

Debt Securities Held-to-Maturity
 
 

 
 

 
 

 
 

 
 

 
 

Obligations of states and political subdivisions
 
$
26,644

 
$
194

 
$
45,498

 
$
519

 
$
72,142

 
$
713

U.S. Government sponsored entities' asset-backed securities
 
7,331

 
38

 

 

 
7,331

 
38

Total
 
$
33,975

 
$
232

 
$
45,498

 
$
519

 
$
79,473

 
$
751

Amortized Cost And Estimated Fair Value Of Investments In Debt Securities By Contractual Maturity
The amortized cost and estimated fair value of investments in debt securities at March 31, 2018, are shown in the following table by contractual maturity, except for asset-backed securities, which are shown as a single total, due to the unpredictability of the timing of principal repayments. 
Securities Available-for-Sale (In thousands)
 
Amortized
cost
 
Fair value
 
Tax equivalent yield
U.S. Government sponsored entities' asset-backed securities
 
$
1,079,745

 
$
1,046,910

 
2.28
%
Securities Held-to-Maturity (In thousands)
 
Amortized
cost
 
Fair value
 
Tax equivalent yield (1)
Obligations of state and political subdivisions:
 
 
 
 
 
 
Due five through ten years
 
$
2,446

 
$
2,420

 
2.97
%
Due over ten years
 
$
297,409

 
$
297,240

 
3.68
%
Total (1)
 
$
299,855

 
$
299,660

 
3.67
%
 
 
 
 
 
 
 
U.S. Government sponsored entities' asset-backed securities
 
$
47,767

 
$
46,539

 
2.83
%