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Note 6 - Investment Securities (Tables)
6 Months Ended
Jun. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
   

June 30, 2013

 
   

Amortized

Cost

   

Gross

Unrealized

Gains

   

Gross

Unrealized

Losses

   

Fair Value

 
   

(In thousands)

 
                                 

Securities Available-for-Sale

                               

U.S. treasury securities

  $ 409,849     $ 192     $ 6     $ 410,035  

Mortgage-backed securities

    1,430,373       20,153       45,178       1,405,348  

Collateralized mortgage obligations

    7,438       295       65       7,668  

Asset-backed securities

    132       1       -       133  

Corporate debt securities

    189,951       415       7,540       182,826  

Mutual funds

    6,000       -       161       5,839  

Preferred stock of government sponsored entities

    569       5,887       -       6,456  

Total securities available-for-sale

  $ 2,044,312     $ 26,943     $ 52,950     $ 2,018,305  

Total investment securities

  $ 2,044,312     $ 26,943     $ 52,950     $ 2,018,305  
   

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

  $ 309,963     $ 310,155  

Due after one year through five years

    185,177       183,982  

Due after five years through ten years

    152,342       149,019  

Due after ten years (1)

    1,396,830       1,375,149  

Total

  $ 2,044,312     $ 2,018,305  
   

June 30, 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

                                               

U.S. treasury securities

  $ 99,918     $ 6     $ -     $ -     $ 99,918     $ 6  

Mortgage-backed securities

    901,227       45,174       160       2       901,387       45,176  

Mortgage-backed securities-Non-agency

    94       2       -       -       94       2  

Collateralized mortgage obligations

    67       2       332       63       399       65  

Corporate debt securities

    9,758       242       152,702       7,298       162,460       7,540  

Mutual funds

    5,839       161       -       -       5,839       161  

Total securities available-for-sale

  $ 1,016,903     $ 45,587     $ 153,194     $ 7,363     $ 1,170,097     $ 52,950  

Total investment securities

  $ 1,016,903     $ 45,587     $ 153,194     $ 7,363     $ 1,170,097     $ 52,950  
   

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