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Investment Securities Held-to-Maturity
12 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
Investment Securities Held-to-Maturity
4.
Investment Securities
Held-to-Maturity
 
         
December 31, 2020
                December 31, 2019        
   
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. Government Sponsored Enterprises
 
$
244,220
 
 
$
389
 
 
$
866
 
 
$
243,743
 
  $ 98,867     $ 527     $ 96     $ 99,298  
SBA Backed Securities
 
 
37,783
 
 
 
2,002
 
 
 
—  
 
 
 
39,785
 
    44,379       182       303       44,258  
U.S. Government Sponsored Enterprises Mortgage-Backed Securities
 
 
2,227,085
 
 
 
69,522
 
 
 
1,032
 
 
 
2,295,575
 
    2,207,874       20,720       10,846       2,217,748  
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total
 
$
2,509,088
 
 
$
71,913
 
 
$
1,898
 
 
$
2,579,103
 
  $ 2,351,120     $ 21,429     $ 11,245     $ 2,361,304  
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Included in U.S. Government Sponsored Enterprises and U.S. Government Sponsored Enterprise Mortgage-Backed Securities are securities pledged to secure public deposits and repurchase agreements at fair value amounting to $1,866,989,000 and $1,776,399,000 at December 31, 2020, and 2019, respectively. Also included are securities pledged for borrowing at the Federal Home Loan Bank at fair value amounting to $537,367,000 and $399,646,000 at December 31, 2020, and 2019, respectively. The Company did not realize any gains of sales of securities for the year ending December 31, 2020. The Company realized gains on sales of securities of $48,000 from the proceeds of sales of
held-to-maturity
securities of $1,193,000 for the year ending December 31, 2019. The sales from securities
held-to-maturity
relate to certain mortgage-backed securities for which the Company had previously collected a substantial portion of its principle investment. The Company did not realize any gains of sales of securities for the year ending December 31, 2018.