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Note 4 - Investment Securities (Tables)
12 Months Ended
Dec. 31, 2012
   
At December 31, 2012
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair Value
 
   
(In thousands)
 
Securities Held-to-Maturity
                       
State and municipal securities
  $ 129,037     $ 9,268     $ -     $ 138,305  
Mortgage-backed securities
    634,757       40,801       -       675,558  
Corporate debt securities
    9,974       69       -       10,043  
Total securities held-to-maturity
  $ 773,768     $ 50,138     $ -     $ 823,906  
                                 
Securities Available-for-Sale
                               
U.S. treasury securities
  $ 509,748     $ 228     $ 5     $ 509,971  
Mortgage-backed securities
    404,505       12,194       5       416,694  
Collateralized mortgage obligations
    9,772       430       34       10,168  
Asset-backed securities
    145       -       4       141  
Corporate debt securities
    349,973       106       14,102       335,977  
Mutual funds
    6,000       79       -       6,079  
Preferred stock of government sponsored entities
    569       1,766       -       2,335  
Trust preferred securities
    9,964       151       -       10,115  
Total securities available-for-sale
  $ 1,290,676     $ 14,954     $ 14,150     $ 1,291,480  
Total investment securities
  $ 2,064,444     $ 65,092     $ 14,150     $ 2,115,386  
   
At December 31, 2011
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair Value
 
Securities Held-to-Maturity
 
(In thousands)
 
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
  $ 349,899     $ 349,940     $ -     $ -  
Due after one year through five years
    375,041       370,241       -       -  
Due after five years through ten years
    194,901       190,047       62,235       66,523  
Due after ten years (1)
    370,835       381,252       711,533       757,383  
Total
  $ 1,290,676     $ 1,291,480     $ 773,768     $ 823,906  
   
As of December 31, 2012
 
   
Temporarily Impaired Securities
 
                                                       
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair
Value
   
Unrealized
Losses
   
No. of
Issuances
   
Fair
Value
   
Unrealized
Losses
   
No. of
Issuances
   
Fair
Value
   
Unrealized
Losses
   
No. of
Issuances
 
   
(Dollars in thousands)
       
                                                       
Securities Held-to-Maturity
                                                     
Total securities held-to-maturity
  $ -     $ -       -     $ -     $ -       -     $ -     $ -       -  
Securities Available-for-Sale
                                                                       
U.S. treasury securities
  $ 49,969     $ 5       1     $ -     $ -       -     $ 49,969     $ 5       1  
Mortgage-backed securities
    231       1       2       170       1       6       401       2       8  
Mortgage-backed securities-Non-agency
    -       -       -       96       2       1       96       2       1  
Collateralized mortgage obligations
    -       -       -       439       35       4       439       35       4  
Asset-backed securities
    -       -       -       141       4       1       141       4       1  
Corporate debt securities
    52,468       2,532       4       253,430       11,570       22       305,898       14,102       26  
Total securities available-for-sale
  $ 102,668     $ 2,538       7     $ 254,276     $ 11,612       34     $ 356,944     $ 14,150       41  
Total investment securities
  $ 102,668     $ 2,538       7     $ 254,276     $ 11,612       34     $ 356,944     $ 14,150       41  
   
As of December 31, 2011
 
   
Temporarily Impaired Securities
 
                                                       
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair
Value
   
Unrealized
Losses
   
No. of
Issuances
   
Fair
Value
   
Unrealized
Losses
   
No. of
Issuances
   
Fair
Value
   
Unrealized
Losses
   
No. of
Issuances
 
   
(Dollars in thousands)
       
                                                       
Securities Held-to-Maturity
                                                     
Corporate debt securities
  $ 9,635     $ 337       1     $ -     $ -       -     $ 9,635     $ 337       1  
Total securities held-to-maturity
  $ 9,635     $ 337       1     $ -     $ -       -     $ 9,635     $ 337       1  
Securities Available-for-Sale
                                                                       
U.S. government sponsored entities
  $ 49,993     $ 7       1     $ -     $ -       -     $ 49,993     $ 7       1  
Mortgage-backed securities
    564       4       8       35       1       2       599       5       10  
Mortgage-backed securities-Non-agency
    -       -       -       6,719       431       2       6,719       431       2  
Collateralized mortgage obligations
    -       -       -       570       238       4       570       238       4  
Asset-backed securities
    -       -       -       166       6       1       166       6       1  
Corporate debt securities
    185,577       14,201       17       172,857       17,528       19       358,434       31,729       36  
Mutual funds
    1,987       13       1       -       -       -       1,987       13       1  
Trust preferred securities
    5,674       24       2       -       -       -       5,674       24       2  
Total securities available-for-sale
  $ 243,795     $ 14,249       29     $ 180,347     $ 18,204       28     $ 424,142     $ 32,453       57  
Total investment securities
  $ 253,430     $ 14,586       30     $ 180,347     $ 18,204       28     $ 433,777     $ 32,790       58