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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2012
Schedule Of Amortized Cost And Fair Values Of Investment Securities, With Gross Unrealized Gains And Losses
(Dollars in thousands)    Amortized
Cost
     Gross
Unrealized
Gains
     Gross
Unrealized
Losses
    Estimated
Fair
Value
 

December 31, 2012

          

Securities available for sale:

          

U.S. Government-sponsored enterprise obligations

   $ 281,746       $ 4,364       $ (386   $ 285,724   

Obligations of state and political subdivisions

     120,680         6,573         (178     127,075   

Mortgage backed securities

     1,303,030         29,108         (1,482     1,330,656   

Other securities

     1,460         89         —          1,549   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total securities available for sale

   $ 1,706,916       $ 40,134       $ (2,046   $ 1,745,004   

Securities held to maturity:

          

U.S. Government-sponsored enterprise obligations

   $ 69,949       $ 1,244       $ —        $ 71,193   

Obligations of state and political subdivisions

     88,909         4,730         (113     93,526   

Mortgage backed securities

     46,204         728         (153     46,779   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total securities held to maturity

   $ 205,062       $ 6,702       $ (266   $ 211,498   

December 31, 2011

          

Securities available for sale:

          

U.S. Government-sponsored enterprise obligations

   $ 336,859       $ 5,633       $ (4   $ 342,488   

Obligations of state and political subdivisions

     137,503         6,500         (198     143,805   

Mortgage backed securities

     1,289,775         28,317         (718     1,317,374   

Other securities

     1,460         78         —          1,538   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total securities available for sale

   $ 1,765,597       $ 40,528       $ (920   $ 1,805,205   

Securities held to maturity:

          

U.S. Government-sponsored enterprise obligations

   $ 85,172       $ 1,921       $ —        $ 87,093   

Obligations of state and political subdivisions

     81,053         3,682         (57     84,678   

Mortgage backed securities

     26,539         800         —          27,339   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total securities held to maturity

   $ 192,764       $ 6,403       $ (57   $ 199,110   
  

 

 

    

 

 

    

 

 

   

 

 

 
Schedule Of Exposure To Investment Security Issuers Exceed Ten Percentage Of Shareholders' Equity
(Dollars in thousands)    Amortized Cost      Market Value  

Federal National Mortgage Association (Fannie Mae)

   $ 911,752       $ 930,452   

Government National Mortgage Association (Ginnie Mae)

     205,389         209,692   

Federal Home Loan Mortgage Corporation (Freddie Mac)

     503,417         511,348   
  

 

 

    

 

 

 

Total

   $ 1,620,558       $ 1,651,492   
  

 

 

    

 

 

 
Schedule Of Securities With Gross Unrealized Losses Aggregated By Investment Category
     Less Than Twelve Months      Over Twelve Months      Total  
(Dollars in thousands)    Gross
Unrealized
Losses
    Estimated
Fair
Value
     Gross
Unrealized
Losses
    Estimated
Fair
Value
     Gross
Unrealized
Losses
    Estimated
Fair
Value
 

December 31, 2012

              

Securities available for sale:

              

U.S. Government-sponsored enterprise obligations

   $ (386   $ 59,741       $ —        $ —         $ (386   $ 59,741   

Obligations of state and political subdivisions

     —          —           (178     1,094         (178     1,094   

Mortgage backed securities

     (1,473     180,027         (9     3,919         (1,482     183,946   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total securities available for sale

   $ (1,859   $ 239,768       $ (187   $ 5,013       $ (2,046   $ 244,781   

Securities held to maturity:

              

U.S. Government-sponsored enterprise obligations

   $ —        $ —         $ —        $ —         $ —        $ —     

Obligations of state and political subdivisions

     (113     8,242         —          —           (113     8,242   

Mortgage backed securities

     (153     16,262         —          —           (153     16,262   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total securities held to maturity

   $ (266   $ 24,504       $ —        $ —         $ (266   $ 24,504   

December 31, 2011

              

Securities available for sale:

              

U.S. Government-sponsored enterprise obligations

   $ (4   $ 9,996       $ —        $ —         $ (4   $ 9,996   

Obligations of state and political subdivisions

     (11     1,104         (187     1,085         (198     2,189   

Mortgage backed securities

     (545     147,803         (173     21,679         (718     169,482   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total securities available for sale

   $ (560   $ 158,903       $ (360   $ 22,764       $ (920   $ 181,667   

Securities held to maturity:

              

U.S. Government-sponsored enterprise obligations

   $ —        $ —         $ —        $ —         $ —        $ —     

Obligations of state and political subdivisions

     (26     2,354         (31     1,297         (57     3,651   

Mortgage backed securities

     —          —           —          —           —          —     
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Total securities held to maturity

   $ (26   $ 2,354       $ (31   $ 1,297       $ (57   $ 3,651   
  

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
Schedule Of Other-Than-Temporarily Impaired Investment Security Portion Of Unrealized Loss Recognized In Other Comprehensive Income
(Dollars in thousands)    December 31,  
     2012     2011     2010  

Balance, beginning of period

   $ (1,273   $ (764   $ (247

Credit losses on securities not previously considered other-than-temporarily impaired

     —          —          (517

Credit losses on securities for which OTTI was previously recognized

     —          (509     —     

Reduction for securities sold/settle during the period

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Balance, end of period

   $ (1,273   $ (1,273   $ (764
  

 

 

   

 

 

   

 

 

 
Schedule Of Amortized Cost And Estimated Fair Value By Maturity Of Investment Securities
     Securities      Securities  
   Available for Sale      Held to Maturity  
(Dollars in thousands)    Weighted
Average
Yield
    Amortized
Cost
     Estimated
Fair
Value
     Weighted
Average
Yield
    Amortized
Cost
     Estimated
Fair
Value
 

Within one year or less

     1.52   $ 18,409       $ 18,541         1.61   $ 20,797       $ 20,916   

One through five years

     1.85        138,725         141,448         2.04        56,358         57,708   

After five through ten years

     2.14        518,218         532,684         2.50        26,215         27,500   

Over ten years

     1.78        1,031,564         1,052,331         2.98        101,692         105,374   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Totals

     1.89   $ 1,706,916       $ 1,745,004         2.52   $ 205,062       $ 211,498   
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 
Schedule Of Realized Gains And Losses From Sale Of Securities Classified As Available For Sale
     Years Ended December 31,  
(Dollars in thousands)    2012     2011     2010  

Realized gains

   $ 3,754      $ 3,429      $ 5,172   

Realized losses

     (15     (7     —     
  

 

 

   

 

 

   

 

 

 

Net realized gains

   $ 3,739      $ 3,422      $ 5,172   
  

 

 

   

 

 

   

 

 

 
Schedule Of Securities In Other Assets On Company's Consolidated Balance Sheets

 

(Dollars in thousands)    2012      2011  

Federal Home Loan Bank (FHLB) stock

   $ 16,860       $ 32,145   

Federal Reserve Bank (FRB) stock

     28,155         26,809   

First National Bankers Bankshares, Inc. (FNBB) stock

     899         899   

Other investments

     302         302   
  

 

 

    

 

 

 

Total equity securities

   $ 46,216       $ 60,155