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Note 4 - Debt and Equity Securities (Tables)

9 Months Ended

Sep. 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		$	100,611			$	101,490			$	1,507			$	628
Municipals			143,450				146,086				2,819				183
Mutual funds			26,974				26,974				-				-
Other			16,388				13,618				-				2,770
Total other securities			287,423				288,168				4,326				3,581
REMIC and CMO			497,457				495,375				5,705				7,787
GNMA			14,617				14,839				430				208
FNMA			173,048				170,943				1,399				3,504
FHLMC			15,031				15,052				143				122
Total mortgage-backed securities			700,153				696,209				7,677				11,621
Total securities available for sale		$	987,576			$	984,377			$	12,003			$	15,202

		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		$	39,373			$	628			$	9,529			$	472			$	29,844			$	156
Municipals			32,355				183				20,746				34				11,609				149
Other			6,793				2,770				-				-				6,793				2,770
Total other securities			78,521				3,581				30,275				506				48,246				3,075
REMIC and CMO			266,921				7,787				114,949				1,379				151,972				6,408
GNMA			8,581				208				-				-				8,581				208
FNMA			114,411				3,504				19,805				134				94,606				3,370
FHLMC			11,905				122				4,987				45				6,918				77
Total mortgage-backed securities			401,818				11,621				139,741				1,558				262,077				10,063
Total securities available for sale		$	480,339			$	15,202			$	170,016			$	2,064			$	310,323			$	13,138

		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		$	9,262			$	6,500			$	2,762			$	3,738

Total		$	9,262			$	6,500			$	2,762			$	3,738

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

		For the three months ended September 30,								For the nine months ended September 30,
		2014				2013				2014				2013
		(In thousands)
Beginning balance		$	3,738			$	6,193			$	3,738			$	6,178
Recognition of actual losses			-				(186	)			-				(674	)
OTTI charges due to credit loss recorded in earnings			-				916				-				1,419
Securities sold during the period			-				-				-				-
Securities where there is an intent to sell or requirement to sell			-				-				-				-
Ending balance		$	3,738			$	6,923			$	3,738			$	6,923

Investments Classified by Contractual Maturity Date [Table Text Block]

		Amortized Cost				Fair Value
		(In thousands)

Due in one year or less		$	46,317			$	46,369
Due after one year through five years			35,658				37,094
Due after five years through ten years			68,741				68,245
Due after ten years			136,707				136,460

Total other securities			287,423				288,168
Mortgage-backed securities			700,153				696,209

Total securities available for sale		$	987,576			$	984,377

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

		For the three months ended September 30,								For the nine months ended September 30,
		2014				2013				2014				2013
		(In thousands)
Gross gains from the sale of securities		$	5,247			$	96			$	5,247			$	3,313
Gross losses from the sale of securities			(31	)			-				(31	)			(341	)

Net gains from the sale of securities		$	5,216			$	96			$	5,216			$	2,972

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			$	293			$	-				None				None				BB-
Pooled issuer			B1				15				5,617				3,200				2,383				22.5	%			0.0	%			C
Pooled issuer			C1				16				3,645				3,300				1,355				17.9	%			0.0	%			C
Total										$	9,562			$	6,793			$	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