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Note 6 - Investment Securities (Tables)
3 Months Ended
Mar. 31, 2012
   
June 30, 2012
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair Value
 
   
(In thousands)
 
Securities Held-to-Maturity
                       
U.S. government sponsored entities
  $ 99,988     $ 445     $ -     $ 100,433  
State and municipal securities
    129,307       7,490       -       136,797  
Mortgage-backed securities
    780,709       45,449       -       826,158  
Corporate debt securities
    9,973       -       284       9,689  
Total securities held-to-maturity
  $ 1,019,977     $ 53,384     $ 284     $ 1,073,077  
                                 
Securities Available-for-Sale
                               
U.S. treasury securities
  $ 159,871     $ -     $ 36     $ 159,835  
U.S. government sponsored entities
    50,000       182       -       50,182  
Mortgage-backed securities
    527,100       17,373       5       544,468  
Collateralized mortgage obligations
    12,785       521       90       13,216  
Asset-backed securities
    157       -       5       152  
Corporate debt securities
    397,795       339       30,224       367,910  
Mutual funds
    6,000       122       -       6,122  
Preferred stock of government sponsored entities
    569       1,607       -       2,176  
Trust preferred securities
    17,401       379       31       17,749  
Other equity securities
    1,468       3,505       -       4,973  
Total securities available-for-sale
  $ 1,173,146     $ 24,028     $ 30,391     $ 1,166,783  
Total investment securities
  $ 2,193,123     $ 77,412     $ 30,675     $ 2,239,860  
   
December 31, 2011
 
 
 
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair Value
 
   
(In thousands)
 
Securities Held-to-Maturity
                       
U.S. government sponsored entities
  $ 99,966     $ 1,406     $ -     $ 101,372  
State and municipal securities
    129,577       7,053       -       136,630  
Mortgage-backed securities
    913,990       42,351       -       956,341  
Corporate debt securities
    9,971       -       337       9,634  
Total securities held-to-maturity
  $ 1,153,504     $ 50,810     $ 337     $ 1,203,977  
                                 
Securities Available-for-Sale
                               
U.S. government sponsored entities
  $ 500,007     $ 1,226     $ 7     $ 501,226  
State and municipal securities
    1,869       59       -       1,928  
Mortgage-backed securities
    325,706       12,361       436       337,631  
Collateralized mortgage obligations
    16,184       540       238       16,486  
Asset-backed securities
    172       -       6       166  
Corporate debt securities
    412,045       113       31,729       380,429  
Mutual funds
    6,000       48       13       6,035  
Preferred stock of government sponsored entities
    569       1,085       -       1,654  
Trust preferred securities
    45,501       486       24       45,963  
Other equity securities
    1,468       1,492       -       2,960  
Total securities available-for-sale
  $ 1,309,521     $ 17,410     $ 32,453     $ 1,294,478  
Total investment securities
  $ 2,463,025     $ 68,220     $ 32,790     $ 2,498,455  
   
Securities Available-for-Sale
   
Securities Held-to-Maturity
 
   
Amortized Cost
   
Fair Value
   
Amortized Cost
   
Fair Value
 
   
(In thousands)
 
Due in one year or less
  $ 32,843     $ 32,873     $ 99,988     $ 100,433  
Due after one year through five years
    255,162       254,378       -       -  
Due after five years through ten years
    393,762       369,662       50,183       52,556  
Due after ten years (1)
    491,379       509,870       869,806       920,088  
                                 
Total
  $ 1,173,146     $ 1,166,783     $ 1,019,977     $ 1,073,077  
   
As of June 30, 2012
 
   
Temporarily Impaired Securities
 
                                     
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair
Value
   
Unrealized
Losses
   
Fair
Value
   
Unrealized
Losses
   
Fair
Value
   
Unrealized
Losses
 
   
(Dollars in thousands)
 
                                     
Securities Held-to-Maturity
                                   
Corporate debt securities
  $ 9,688     $ 284     $ -     $ -     $ 9,688     $ 284  
                                                 
Total securities held-to-maturity
  $ 9,688     $ 284     $ -     $ -     $ 9,688     $ 284  
Securities Available-for-Sale
                                               
U.S. treasury securities
  $ 159,835     $ 36     $ -     $ -     $ 159,835     $ 36  
Mortgage-backed securities
    69       1       194       2       263       3  
Mortgage-backed securities-Non-agency
    -       -       97       2       97       2  
Collateralized mortgage obligations
    -       -       498       90       498       90  
Asset-backed securities
    -       -       152       5       152       5  
Corporate debt securities
    72,765       5,063       249,819       25,161       322,584       30,224  
Trust preferred securities
    3,154       31       -       -       3,154       31  
                                                 
Total securities available-for-sale
  $ 235,823     $ 5,131     $ 250,760     $ 25,260     $ 486,583     $ 30,391  
Total investment securities
  $ 245,511     $ 5,415     $ 250,760     $ 25,260     $ 496,271     $ 30,675  
   
As of December 31, 2011
 
   
Temporarily Impaired Securities
 
                                     
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair
Value
   
Unrealized
Losses
   
Fair
Value
   
Unrealized
Losses
   
Fair
Value
   
Unrealized
Losses
 
   
(Dollars in thousands)
 
Securities Held-to-Maturity
                                   
Corporate debt securities
  $ 9,635     $ 337     $ -     $ -     $ 9,635     $ 337  
                                                 
    Total securities held-to-maturity
  $ 9,635     $ 337     $ -     $ -     $ 9,635     $ 337  
Securities Available-for-Sale
                                               
U.S. government sponsored entities
  $ 49,993     $ 7     $ -     $ -     $ 49,993     $ 7  
Mortgage-backed securities
    564       4       35       1       599       5  
Mortgage-backed securities-Non-agency
    -       -       6,719       431       6,719       431  
Collateralized mortgage obligations
    -       -       570       238       570       238  
Asset-backed securities
    -       -       166       6       166       6  
Corporate debt securities
    185,577       14,201       172,857       17,528       358,434       31,729  
Mutual funds
    1,987       13       -       -       1,987       13  
Trust preferred securities
    5,674       24       -       -       5,674       24  
                                                 
    Total securities available-for-sale
  $ 243,795     $ 14,249     $ 180,347     $ 18,204     $ 424,142     $ 32,453  
                                                 
Total investment securities
  $ 253,430     $ 14,586     $ 180,347     $ 18,204     $ 433,777     $ 32,790