XML 117 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
INVESTMENT SECURITIES (Tables)
12 Months Ended
Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation
The tables below summarize the amortized cost, gross unrealized gains and losses, and fair value of investment securities available for sale and held to maturity by major classification.
 
December 31, 2013
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Securities available for sale:  
 

 
 

 
 

 
 

U.S. government-sponsored enterprise securities
$
14,834

 
$

 
$
161

 
$
14,673

SBA-guaranteed securities
66,579

 
52

 
751

 
65,880

Residential mortgage-backed securities (MBS)
216,818

 
69

 
11,627

 
205,260

Corporate bonds
109,423

 
1,800

 
483

 
110,740

Commercial MBS
5,867

 
71

 

 
5,938

Municipal obligations - non-taxable
600

 
1

 

 
601

Other debt securities
253

 

 

 
253

Marketable equity securities
677

 
366

 

 
1,043

Total securities available for sale
$
415,051

 
$
2,359

 
$
13,022

 
$
404,388

 
 
 
 
 
 
 
 
Securities held to maturity:  
 
 
 
 
 
 
 
Corporate bonds
$
500

 
$

 
$

 
$
500


 
December 31, 2012
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Securities available for sale: 
 

 
 

 
 

 
 

Residential MBS
$
76,249

 
$
574

 
$
46

 
$
76,777

Corporate bonds
30,861

 
1,697

 
50

 
32,508

Commercial MBS
6,612

 
273

 

 
6,885

Municipal obligations – non-taxable
15,492

 
709

 

 
16,201

Municipal obligations – taxable
2,583

 
142

 

 
2,725

Other debt securities
1,083

 
74

 

 
1,157

Marketable equity securities
37

 
21

 

 
58

Total securities available for sale
$
132,917

 
$
3,490

 
$
96

 
$
136,311

 
 
 
 
 
 
 
 
Securities held to maturity:  
 
 
 
 
 
 
 
Corporate bonds
$
180

 
$
230

 
$

 
$
410

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The table below summarizes gross unrealized losses and fair values, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position. 
 
Less Than 12 Months
 
12 Months or More
 
Total
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
December 31, 2013
 

 
 

 
 

 
 

 
 

 
 

U.S. government-sponsored enterprise securities
$
14,673

 
$
161

 
$

 
$

 
$
14,673

 
$
161

SBA-guaranteed securities
57,277

 
751

 

 

 
57,277

 
751

Residential MBS
198,885

 
11,627

 

 

 
198,885

 
11,627

Corporate bonds
19,420

 
483

 

 

 
19,420

 
483

Total temporarily impaired securities
$
290,255

 
$
13,022

 
$

 
$

 
$
290,255

 
$
13,022

 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
Residential MBS
$
28,802

 
$
46

 
$

 
$

 
$
28,802

 
$
46

Corporate bonds
2,013

 
50

 

 

 
2,013

 
50

Total temporarily impaired securities
$
30,815

 
$
96

 
$

 
$

 
$
30,815

 
$
96


Investments Classified by Contractual Maturity Date
 
2013
 
2012
 
Amortized
Cost
 
Fair
Value
 
Amortized
Cost
 
Fair
Value
Securities available for sale:
 
 
 
 
 
 
 
Due within one year
$
677

 
$
678

 
$
13,327

 
$
13,420

Due after one year through five years
182,777

 
182,713

 
78,671

 
81,064

Due after five years through ten years
173,624

 
166,765

 
24,039

 
24,669

Due after ten years
57,296

 
53,189

 
16,843

 
17,100

Other equity securities
677

 
1,043

 
37

 
58

 
$
415,051

 
$
404,388

 
$
132,917

 
$
136,311

Securities held to maturity:  
 
 
 
 
 
 
 
Due after one year through five years
$
500

 
$
500

 
$

 
$

Due after five years through ten years

 

 
180

 
410

 
$
500

 
$
500

 
$
180

 
$
410

Realized Gain (Loss) on Investments
The table below summarizes securities gains (losses) for the periods presented.
 
Successor
Company
 
 
Predecessor
Company
 
Year Ended December 31, 2013
 
Period from February 1 to December 31, 2012
 
 
Period from January 1 to
January 31,
2012
 
 
 
 
 
 
 
 
 
 
 
Gross gains on sales of securities available for sale
$
1,250

 
$
1,335

 
 
$

Gross losses on sales of securities available for sale
(35
)
 
(84
)
 
 

Total securities gains, net
$
1,215

 
$
1,251

 
 
$