Investment Securities (Tables)

6 Months Ended

Jun. 30, 2012

Investment Securities [Abstract]

Summary of amortized cost and approximate fair value of investment securities

	June 30, 2012
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for Sale:
Mortgage-backed securities (1) (2)	$	107,360	$	661	$	(113	)	$	107,908
Asset-backed securities		574		8		0			582
Municipal securities		2,062		2		(6	)		2,058
Corporate notes		25,000		0		(797	)		24,203
Equities		6		0		0			6
	$	135,002	$	671	$	(916	)	$	134,757

(1) Includes an interest only strip security of $2,632.

(2) Includes private-label securities with an aggregate amortized cost of $701 and an aggregate fair value of $635.

	December 31, 2011
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Available for Sale:
U.S. Treasury and government agencies	$	1,002	$	0	$	(1	)	$	1,001
Mortgage-backed securities (1) (2)		55,818		581		(107	)		56,292
Asset-backed securities		622		5		0			627
Municipal securities		2,071		0		(71	)		2,000
Corporate notes		20,000		0		(783	)		19,217
	$	79,513	$	586	$	(962	)	$	79,137
Held to Maturity:
Mortgage-backed securities	$	319,547	$	11,262	$	0		$	330,809

(1) Includes an interest only strip security of $2,894.

(2) Includes private-label securities with an aggregate amortized cost of $765 and an aggregate fair value of $662.

Statement of proceeds from the sale of available for sale investment securities

	Three months ended June 30,
	2012		2011
Proceeds from sale of available-for-sale investment securities	$	257,645	$	0
Gross gains	$	8,797	$	0
Gross losses		0		0
Net gains	$	8,797	$	0
	Six months ended June 30,
	2012		2011
Proceeds from sale of available-for-sale investment securities	$	306,610	$	0
Gross gains	$	9,006	$	0
Gross losses		0		0
Net gains	$	9,006	$	0

Summary of investments securities by stated maturity

	June 30, 2012
	Available for Sale
	Amortized Cost		Fair Value
Due in one year or less	$	94	$	94
Due after one year through five years		27,461		26,667
Due after five years through ten years		46		47
Due after ten years		35		35
		27,636		26,843
Mortgage-backed securities (1)		107,360		107,908
Total, excluding equities	$	134,996	$	134,751

(1) Includes an interest only strip security of $2,632.

Gross unrealized losses and fair value, aggregated by investment category

	June 30, 2012
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Available for Sale:
Mortgage-backed securities	$	10,509	$	(42	)	$	425	$	(71	)	$	10,934	$	(113	)
Municipal securities		0		0			1,003		(6	)		1,003		(6	)
Corporate notes		24,203		(797	)		0		0			24,203		(797	)
Total	$	34,712	$	(839	)	$	1,428	$	(77	)	$	36,140	$	(916	)

	December 31, 2011
	Less than 12 months					12 months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Available for Sale:
U.S. Treasury and government agencies	$	1,001	$	(1	)	$	0	$	0		$	1,001	$	(1	)
Mortgage-backed securities		166		(1	)		412		(106	)		578		(107	)
Municipal securities		0		0			2,000		(71	)		2,000		(71	)
Corporate notes		19,218		(783	)		0		0			19,218		(783	)
Total	$	20,385	$	(785	)	$	2,412	$	(177	)	$	22,797	$	(962	)