XML 37 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT AND MORTGAGE RELATED SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2013
INVESTMENT AND MORTGAGE RELATED SECURITIES  
Schedule of amortized cost and fair value of securities available-for-sale and held-to-maturity

 

 

 

March 31, 2013 (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

OTTI

 

Fair

 

 

Cost

 

Gains

 

Losses

 

in AOCI

 

Value

 

 

(In Thousands)

Available-for-Sale Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of U.S. government agencies

 

$

 300

 

$

 13

 

$

 -

 

$

 -

 

$

 313

Corporate securities

 

12,182

 

96

 

(49)

 

-

 

12,229

 

 

12,482

 

109

 

(49)

 

-

 

12,542

 

 

 

 

 

 

 

 

 

 

 

Private label commercial mortgage related securities

 

4,630

 

49

 

-

 

-

 

4,679

Agency residential mortgage related securities

 

294,196

 

5,306

 

(1,454)

 

-

 

298,048

Total mortgage related securities

 

298,826

 

5,355

 

(1,454)

 

-

 

302,727

Total available-for-sale securities

 

$

 311,308

 

$

 5,464

 

$

 (1,503)

 

$

 -

 

$

 315,269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-Maturity Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agency residential mortgage related securities

 

$

 25,611

 

$

 1,027

 

$

 -

 

$

 -

 

$

 26,638

Total mortgage related securities

 

25,611

 

1,027

 

-

 

-

 

26,638

Total held-to-maturity securities

 

$

 25,611

 

$

 1,027

 

$

 -

 

$

 -

 

$

 26,638

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

OTTI

 

Fair

 

 

Cost

 

Gains

 

Losses

 

in AOCI

 

Value

 

 

(In Thousands)

Available-for-Sale Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of U.S. government agencies

 

$

 300

 

$

 14

 

$

 -

 

$

 -

 

$

 314

Corporate securities

 

12,207

 

91

 

(121)

 

-

 

12,177

 

 

12,507

 

105

 

(121)

 

-

 

12,491

 

 

 

 

 

 

 

 

 

 

 

Private label commercial mortgage related securities

 

6,119

 

78

 

-

 

-

 

6,197

Agency residential mortgage related securities

 

270,461

 

7,023

 

(65)

 

-

 

277,419

Total mortgage related securities

 

276,580

 

7,101

 

(65)

 

-

 

283,616

Total available-for-sale securities

 

$

 289,087

 

$

 7,206

 

$

 (186)

 

$

 -

 

$

 296,107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-Maturity Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agency residential mortgage related securities

 

$

 28,369

 

$

 1,082

 

$

 -

 

$

 -

 

$

 29,451

Total mortgage related securities

 

28,369

 

1,082

 

-

 

-

 

29,451

Total held-to-maturity securities

 

$

 28,369

 

$

 1,082

 

$

 -

 

$

 -

 

$

 29,451

 
Schedule of gross unrealized losses and fair value of securities, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position

 

 

 

March 31, 2013 (Unaudited)

 

 

Less than 12 Months

 

12 Months or More

 

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

(In Thousands)

Available-for-Sale Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of U.S. government agencies

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

Corporate securities

 

-

 

-

 

2,951

 

(49)

 

2,951

 

(49)

 

 

-

 

-

 

2,951

 

(49)

 

2,951

 

(49)

 

 

 

 

 

 

 

 

 

 

 

 

 

Private label commercial mortgage related securities

 

-

 

-

 

-

 

-

 

-

 

-

Agency residential mortgage related securities

 

101,021

 

(1,454)

 

-

 

-

 

101,021

 

(1,454)

Total mortgage related securities

 

101,021

 

(1,454)

 

-

 

-

 

101,021

 

(1,454)

Total available-for-sale securities

 

$

 101,021

 

$

 (1,454)

 

$

 2,951

 

$

 (49)

 

$

 103,972

 

$

 (1,503)

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-Maturity Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Agency residential mortgage related securities

 

-

 

-

 

-

 

-

 

-

 

-

Total mortgage related securities

 

-

 

-

 

-

 

-

 

-

 

-

Total held-to-maturity securities

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

Total Temporarily Impaired Securities

 

$

 101,021

 

$

 (1,454)

 

$

 2,951

 

$

 (49)

 

$

 103,972

 

$

 (1,503)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

Less than 12 Months

 

12 Months or More

 

Total

 

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

(In Thousands)

Available-for-Sale Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Obligations of U.S. government agencies

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

Corporate securities

 

-

 

-

 

2,879

 

(121)

 

2,879

 

(121)

 

 

-

 

-

 

2,879

 

(121)

 

2,879

 

(121)

 

 

 

 

 

 

 

 

 

 

 

 

 

Private label commercial mortgage related securities

 

-

 

-

 

-

 

-

 

-

 

-

Agency residential mortgage related securities

 

29,092

 

(65)

 

-

 

-

 

29,092

 

(65)

Total mortgage related securities

 

29,092

 

(65)

 

-

 

-

 

29,092

 

(65)

Total available-for-sale securities

 

$

 29,092

 

$

 (65)

 

$

 2,879

 

$

 (121)

 

$

 31,971

 

$

 (186)

 

 

 

 

 

 

 

 

 

 

 

 

 

Held-to-Maturity Securities:

 

 

 

 

 

 

 

 

 

 

 

 

Agency residential mortgage related securities

 

-

 

-

 

-

 

-

 

-

 

-

Total mortgage related securities

 

-

 

-

 

-

 

-

 

-

 

-

Total held-to-maturity securities

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

Total Temporarily Impaired Securities

 

$

 29,092

 

$

 (65)

 

$

 2,879

 

$

 (121)

 

$

 31,971

 

$

 (186)

 
Schedules of components of net gains on sale of investment securities

 

 

 

Three Months Ended March 31, 2013 (Unaudited):

 

 

 

 

 

 

Other-than-

 

 

 

 

 

 

Gross

 

Gross

 

Temporary

 

Portion of

 

 

 

 

Realized

 

Realized

 

Impairment

 

OTTI

 

Net Gains

 

 

Gains

 

Losses

 

Losses

 

in OCI

 

(Losses)

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Obligations of U.S. government agencies

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

Corporate securities

 

-

 

-

 

-

 

-

 

-

 

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

Private label residential mortgage related security

 

-

 

-

 

-

 

-

 

-

Private label commercial mortgage related securities

 

-

 

-

 

-

 

-

 

-

Agency residential mortgage related securities

 

361

 

-

 

-

 

-

 

361

Total mortgage related securities

 

361

 

-

 

-

 

-

 

361

 

 

 

 

 

 

 

 

 

 

 

Total securities available-for-sale

 

$

 361

 

$

 -

 

$

 -

 

$

 -

 

$

 361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2012 (Unaudited):

 

 

 

 

 

 

Other-than-

 

 

 

 

 

 

Gross

 

Gross

 

Temporary

 

Portion of

 

 

 

 

Realized

 

Realized

 

Impairment

 

OTTI

 

Net Gains

 

 

Gains

 

Losses

 

Losses

 

in OCI

 

(Losses)

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Obligations of U.S. government agencies

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

Corporate securities

 

-

 

-

 

-

 

-

 

-

 

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

Private label residential mortgage related security

 

-

 

-

 

-

 

-

 

-

Private label commercial mortgage related securities

 

-

 

-

 

-

 

-

 

-

Agency residential mortgage related securities

 

-

 

-

 

-

 

-

 

-

Total mortgage related securities

 

-

 

-

 

-

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

Total securities available-for-sale

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 
Schedule of amortized cost and estimated fair value of investment securities available-for-sale and held-to-maturity by contractual maturity

 

 

 

 

Available for Sale

 

 

 

Held to Maturity

 

 

 

 

Amortized

 

 

 

Fair

 

 

 

Amortized

 

 

 

Fair

 

 

 

 

Cost

 

 

 

Value

 

 

 

Cost

 

 

 

Value

 

 

 

 

(In Thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013 (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due in one year or less

 

 

$

3,968

 

 

 

$

4,003

 

 

 

$

-

 

 

 

$

-

 

Due after one year through five years

 

 

8,514

 

 

 

8,539

 

 

 

-

 

 

 

-

 

Due after five years through ten years

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Due after ten years

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total mortgage related securities

 

 

298,826

 

 

 

302,727

 

 

 

25,611

 

 

 

26,638

 

 

 

 

$

311,308

 

 

 

$

315,269

 

 

 

$

25,611

 

 

 

$

26,638

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due in one year or less

 

 

$

2,019

 

 

 

$

2,032

 

 

 

$

-

 

 

 

$

-

 

Due after one year through five years

 

 

10,488

 

 

 

10,459

 

 

 

-

 

 

 

-

 

Due after five years through ten years

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Due after ten years

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total mortgage related securities

 

 

276,580

 

 

 

283,616

 

 

 

28,369

 

 

 

29,451

 

 

 

 

$

289,087

 

 

 

$

296,107

 

 

 

$

28,369

 

 

 

$

29,451