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Note 6 - Investment Securities (Tables)
3 Months Ended
Mar. 31, 2013
   
March 31, 2013
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair Value
 
   
(In thousands)
 
                         
Securities Available-for-Sale
                       
U.S. treasury securities
  $ 359,880     $ 234     $ -     $ 360,114  
State and municipal securities
    59,805       3,653       -       63,458  
Mortgage-backed securities
    1,449,816       42,335       1,553       1,490,598  
Collateralized mortgage obligations
    8,631       369       54       8,946  
Asset-backed securities
    136       -       4       132  
Corporate debt securities
    264,949       657       9,149       256,457  
Mutual funds
    6,000       48       13       6,035  
Preferred stock of government sponsored entities
    569       3,987       -       4,556  
Total securities available-for-sale
  $ 2,149,786     $ 51,283     $ 10,773     $ 2,190,296  
Total investment securities
  $ 2,149,786     $ 51,283     $ 10,773     $ 2,190,296  
   
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  
   
Securities available-for-sale
 
   
Amortized cost
   
Fair value
 
   
(In thousands)
 
Due in one year or less
  $ 299,974     $ 300,139  
Due after one year through five years
    186,517       184,546  
Due after five years through ten years
    222,033       221,132  
Due after ten years (1)
    1,441,262       1,484,479  
                 
Total
  $ 2,149,786     $ 2,190,296  
   
March 31, 2013
 
   
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 Available-for-Sale
                                   
Mortgage-backed securities
  $ 321,604     $ 1,551     $ 163     $ 1     $ 321,767     $ 1,552  
Mortgage-backed securities-Non-agency
    -       -       96       1       96       1  
Collateralized mortgage obligations
    -       -       417       54       417       54  
Asset-backed securities
    -       -       132       4       132       4  
Corporate debt securities
    9,855       145       195,996       9,004       205,851       9,149  
Mutual funds
    1,987       13       -       -       1,987       13  
Total securities available-for-sale
  $ 333,446     $ 1,709     $ 196,804     $ 9,064     $ 530,250     $ 10,773  
Total investment securities
  $ 333,446     $ 1,709     $ 196,804     $ 9,064     $ 530,250     $ 10,773  
   
December 31, 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
                                   
                                     
Total securities held-to-maturity
  $ -     $ -     $ -     $ -     $ -     $ -  
Securities Available-for-Sale
                                               
U.S. treasury securities
  $ 49,969     $ 5     $ -     $ -     $ 49,969     $ 5  
Mortgage-backed securities
    231       1       170       1       401       2  
Mortgage-backed securities-Non-agency
    -       -       96       2       96       2  
Collateralized mortgage obligations
    -       -       439       35       439       35  
Asset-backed securities
    -       -       141       4       141       4  
Corporate debt securities
    52,468       2,532       253,430       11,570       305,898       14,102  
Total securities available-for-sale
  $ 102,668     $ 2,538     $ 254,276     $ 11,612     $ 356,944     $ 14,150  
Total investment securities
  $ 102,668     $ 2,538     $ 254,276     $ 11,612     $ 356,944     $ 14,150