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Note 4 - Debt and Equity Securities (Tables)

6 Months Ended

Jun. 30, 2014

Note 4 - Debt and Equity Securities (Tables) [Line Items]

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

		Amortized Cost				Fair Value				Gross Unrealized Gains				Gross Unrealized Losses
		(In thousands)
Corporate		$	110,686			$	112,577			$	2,286			$	395
Municipals			133,892				135,262				1,977				607
Mutual funds			26,937				26,937				-				-
Other			16,343				13,361				-				2,982
Total other securities			287,858				288,137				4,263				3,984
REMIC and CMO			512,453				514,622				8,616				6,447
GNMA			33,588				35,642				2,186				132
FNMA			206,666				207,819				4,072				2,919
FHLMC			12,236				12,462				267				41
Total mortgage-backed securities			764,943				770,545				15,141				9,539
Total securities available for sale		$	1,052,801			$	1,058,682			$	19,404			$	13,523

		Amortized Cost				Fair Value				Gross Unrealized Gains				Gross Unrealized Losses
		(In thousands)
Corporate		$	100,362			$	101,711			$	2,316			$	967
Municipals			127,967				123,423				93				4,637
Mutual funds			21,565				21,565				-				-
Other			18,160				14,935				-				3,225
Total other securities			268,054				261,634				2,409				8,829
REMIC and CMO			494,984				489,670				6,516				11,830
GNMA			38,974				40,874				2,325				425
FNMA			217,615				212,322				2,233				7,526
FHLMC			13,297				13,290				226				233
Total mortgage-backed securities			764,870				756,156				11,300				20,014
Total securities available for sale		$	1,032,924			$	1,017,790			$	13,709			$	28,843

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

		Total								Less than 12 months								12 months or more
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(In thousands)
Corporate		$	49,605			$	395			$	9,809			$	191			$	39,796			$	204
Municipals			44,859				607				17,307				49				27,552				558
Other			6,580				2,982				-				-				6,580				2,982
Total other securities			101,044				3,984				27,116				240				73,928				3,744
REMIC and CMO			236,976				6,447				89,203				1,022				147,773				5,425
GNMA			8,989				132				-				-				8,989				132
FNMA			96,273				2,919				-				-				96,273				2,919
FHLMC			7,192				41				-				-				7,192				41
Total mortgage-backed securities			349,430				9,539				89,203				1,022				260,227				8,517
Total securities available for sale		$	450,474			$	13,523			$	116,319			$	1,262			$	334,155			$	12,261

		Total								Less than 12 months								12 months or more
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(In thousands)
Corporate		$	39,033			$	967			$	39,033			$	967			$	-			$	-
Municipals			100,875				4,637				95,958				4,187				4,917				450
Other			6,337				3,225				-				-				6,337				3,225
Total other securities			146,245				8,829				134,991				5,154				11,254				3,675

REMIC and CMO			298,165				11,830				279,743				10,650				18,422				1,180
GNMA			9,213				425				9,213				425				-				-
FNMA			139,999				7,526				131,248				6,654				8,751				872
FHLMC			7,478				233				7,478				233				-				-
Total mortgage-backed securities			454,855				20,014				427,682				17,962				27,173				2,052
Total securities available for sale		$	601,100			$	28,843			$	562,673			$	23,116			$	38,427			$	5,727

Schedule of Unrealized Loss on Investments [Table Text Block]

(in thousands)		Amortized Cost				Fair Value				Gross Unrealized Losses Recorded In AOCI				Ending Credit Loss Amount

Trust preferred securities (1)		$	9,262			$	6,290			$	2,972			$	3,738
Total		$	9,262			$	6,290			$	2,972			$	3,738

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

		For the three months ended June 30,								For the six months ended June 30,
		2014				2013				2014				2013
		(In thousands)
Beginning balance		$	3,738			$	6,009			$	3,738			$	6,178

Recognition of actual losses			-				(319	)			-				(488	)
OTTI charges due to credit loss recorded in earnings			-				503				-				503
Securities sold during the period			-				-				-				-
Securities where there is an intent to sell or requirement to sell			-				-				-				-
Ending balance		$	3,738			$	6,193			$	3,738			$	6,193

Investments Classified by Contractual Maturity Date [Table Text Block]

		Amortized Cost				Fair Value
		(In thousands)

Due in one year or less		$	44,295			$	44,424
Due after one year through five years			41,225				43,266
Due after five years through ten years			63,537				63,354
Due after ten years			138,801				137,093
Total other securities			287,858				288,137
Mortgage-backed securities			764,943				770,545
Total securities available for sale		$	1,052,801			$	1,058,682

Realized Gain (Loss) on Investments [Table Text Block]

		For the three months ended June 30,								For the six months ended June 30,
		2014				2013				2014				2013
		(In thousands)
Gross gains from the sale of securities		$	-			$	18			$	-			$	3,217
Gross losses from the sale of securities			-				-				-				(341	)
Net gains from the sale of securities		$	-			$	18			$	-			$	2,876

Trust Preferred Securities [Member]

Note 4 - Debt and Equity Securities (Tables) [Line Items]

Available-for-sale Securities [Table Text Block]

																				Deferrals/Defaults
Issuer Type		Class			Performing Banks			Amortized Cost				Fair Value				Cumulative Credit Related OTTI				Actual as a Percentage of Original Security			Expected Percentage of Performing Collateral			Current Lowest Rating
								(Dollars in thousands)

Single issuer		n/a			1			$	300			$	290			$	-			None			None			BB-
Pooled issuer		B1			16				5,617				3,040				2,383			22.5%			0.0%			C
Pooled issuer		C1			15				3,645				3,250				1,355			21.3%			0.0%			C
Total								$	9,562			$	6,580			$	3,738

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

+ References+ Details