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Securities Available-for-Sale (Tables)
12 Months Ended
Dec. 31, 2012
Securities Available-for-Sale and Investment Securities Held-to-Maturity [Abstract]  
Summary of Securities Available-for-Sale
                                                                 
    December 31, 2012     December 31, 2011  
     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)  

U.S. Treasury

  $ 2,000     $ 4     $     $ 2,004     $ 1,999     $ 13     $     $ 2,012  

U.S. Government Sponsored Enterprises

    130,048       360       68       130,340       174,657       311       11       174,957  

SBA Backed Securities

    8,043       113             8,156       8,714       87             8,801  

U.S. Government Agency and Sponsored Enterprises Mortgage-Backed Securities

    1,212,953       20,816       412       1,233,357       1,020,752       16,262       1,176       1,035,838  

Privately Issued Residential Mortgage-Backed Securities

    2,938       31       22       2,947       3,509             311       3,198  

Obligations Issued by States and Political Subdivisions

    55,855       41       722       55,174       21,515       84       957       20,642  

Other Debt Securities

    2,300             47       2,253       13,293             683       12,610  

Equity Securities

    458       112             570       533       85             618  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 1,414,595     $ 21,477     $ 1,271     $ 1,434,801     $ 1,244,972     $ 16,842     $ 3,138     $ 1,258,676  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Maturity distribution of securities available-for-sale

The following table shows the estimated maturity distribution of the Company’s securities available-for-sale at December 31, 2012.

 

                 
    Amortized     Fair  
    Cost     Value  
    (dollars in thousands)  

Within one year

  $ 69,122     $ 69,314  

After one but within five years

    1,073,778       1,091,554  

After five but within ten years

    258,646       261,371  

More than ten years

    11,092       10,539  

Nonmaturing

    1,957       2,023  
   

 

 

   

 

 

 

Total

  $ 1,414,595     $ 1,434,801  
   

 

 

   

 

 

 
Continuous unrealized loss position for 12 months or less and 12 months or longer
                                                 
    December 31, 2012  
    Less Than 12 Months     12 Months or Longer     Total  
          Unrealized           Unrealized           Unrealized  

Temporarily Impaired Investments

  Fair Value     Losses     Fair Value     Losses     Fair Value     Losses  
    (dollars in thousands)  

U.S. Government Sponsored Enterprise

  $ 34,967     $ 68     $     $     $ 34,967     $ 68  

U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities

    93,006       383       10,169       29       103,175       412  

Privately Issued Residential Mortgage-Backed Securities

                1,863       22       1,863       22  

Obligations Issued by States and Political Subdivisions

                3,963       722       3,963       722  

Other Debt Securities

                1,453       47       1,453       47  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 127,973     $ 451     $ 17,448     $ 820     $ 145,421     $ 1,271  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
                                                 
    December 31, 2011  
    Less Than 12 Months     12 Months or Longer     Total  
          Unrealized           Unrealized           Unrealized  

Temporarily Impaired Investments

  Fair Value     Losses     Fair Value     Losses     Fair Value     Losses  
    (dollars in thousands)  

U.S. Government Sponsored Enterprise

  $ 14,989     $ 11     $     $     $ 14,989     $ 11  

U.S. Government Agency and Sponsored

                                               

Enterprise Mortgage-Backed Securities

    331,469       1,176                   331,469       1,176  

Privately Issued Residential Mortgage-Backed Securities

                3,198       311       3,198       311  

Obligations Issued by States and Political Subdivisions

                3,725       957       3,725       957  

Other Debt Securities

    10,542       652       1,468       31       12,010       683  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 357,000     $ 1,839     $ 8,391     $ 1,299     $ 365,391     $ 3,138