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Securities (Tables)
3 Months Ended
Dec. 31, 2013
Securities [Abstract]  
Amortized Cost, Estimated Fair Value, And Gross Unrealized Gains And Losses Of AFS And HTM Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

Gross

 

Gross

 

Estimated

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Cost

 

Gains

 

Losses

 

Value

 

 

(Dollars in thousands)

AFS:

 

 

 

 

 

 

 

 

 

 

 

GSE debentures

$

658,834 

 

$

483 

 

$

11,155 

 

$

648,162 

MBS

 

323,720 

 

 

18,146 

 

 

--

 

 

341,866 

Trust preferred securities

 

2,579 

 

 

--

 

 

170 

 

 

2,409 

Municipal bonds

 

1,118 

 

 

38 

 

 

--

 

 

1,156 

 

 

986,251 

 

 

18,667 

 

 

11,325 

 

 

993,593 

HTM:

 

 

 

 

 

 

 

 

 

 

 

MBS

 

1,633,298 

 

 

30,192 

 

 

29,421 

 

 

1,634,069 

Municipal bonds

 

35,186 

 

 

863 

 

 

21 

 

 

36,028 

 

 

1,668,484 

 

 

31,055 

 

 

29,442 

 

 

1,670,097 

 

$

2,654,735 

 

$

49,722 

 

$

40,767 

 

$

2,663,690 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

 

 

Gross

 

Gross

 

Estimated

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Cost

 

Gains

 

Losses

 

Value

 

 

(Dollars in thousands)

AFS:

 

 

 

 

 

 

 

 

 

 

 

GSE debentures

$

709,118 

 

$

996 

 

$

7,886 

 

$

702,228 

MBS

 

345,263 

 

 

18,701 

 

 

--

 

 

363,964 

Trust preferred securities

 

2,594 

 

 

--

 

 

171 

 

 

2,423 

Municipal bonds

 

1,308 

 

 

44 

 

 

--

 

 

1,352 

 

 

1,058,283 

 

 

19,741 

 

 

8,057 

 

 

1,069,967 

HTM:

 

 

 

 

 

 

 

 

 

 

 

MBS

 

1,683,744 

 

 

39,878 

 

 

16,984 

 

 

1,706,638 

Municipal bonds

 

34,279 

 

 

943 

 

 

14 

 

 

35,208 

 

 

1,718,023 

 

 

40,821 

 

 

16,998 

 

 

1,741,846 

 

$

2,776,306 

 

$

60,562 

 

$

25,055 

 

$

2,811,813 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule Of Estimated Fair Value And Gross Unrealized Losses Of Securities In Continuous Unrealized Loss Position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

Less Than

 

Equal to or Greater

 

12 Months

 

Than 12 Months

 

 

 

Estimated

 

Unrealized

 

 

 

Estimated

 

Unrealized

 

Count

 

Fair Value

 

Losses

 

Count

 

Fair Value

 

Losses

 

(Dollars in thousands)

AFS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GSE debentures

21 

 

$

484,635 

 

$

9,601 

 

 

$

37,596 

 

$

1,554 

Trust preferred securities

--

 

 

--

 

 

--

 

 

 

2,409 

 

 

170 

 

21 

 

$

484,635 

 

$

9,601 

 

 

$

40,005 

 

$

1,724 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HTM:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MBS

46 

 

$

806,066 

 

$

27,862 

 

 

$

22,741 

 

$

1,559 

Municipal bonds

 

 

4,728 

 

 

21 

 

--

 

 

--

 

 

--

 

54 

 

$

810,794 

 

$

27,883 

 

 

$

22,741 

 

$

1,559 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,  2013

 

Less Than

 

Equal to or Greater

 

12 Months

 

Than 12 Months

 

 

 

Estimated

 

Unrealized

 

 

 

Estimated

 

Unrealized

 

Count

 

Fair Value

 

Losses

 

Count

 

Fair Value

 

Losses

 

(Dollars in thousands)

AFS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GSE debentures

19 

 

$

426,482 

 

$

7,213 

 

 

$

24,327 

 

$

673 

Trust preferred securities

--

 

 

--

 

 

--

 

 

 

2,423 

 

 

171 

 

19 

 

$

426,482 

 

$

7,213 

 

 

$

26,750 

 

$

844 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HTM:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MBS

40 

 

$

710,291 

 

$

16,984 

 

--

 

$

--

 

$

--

Municipal bonds

 

 

1,299 

 

 

14 

 

--

 

 

--

 

 

--

 

43 

 

$

711,590 

 

$

16,998 

 

--

 

$

--

 

$

--

 

Schedule Of Contractual Maturities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AFS

 

 

HTM

 

 

 

 

Estimated

 

 

 

 

Estimated

 

Amortized

 

Fair

 

Amortized

 

Fair

 

Cost

 

Value

 

Cost

 

Value

 

 

(Dollars in thousands)

One year or less

$

201 

 

$

205 

 

$

6,732 

 

$

6,803 

One year through five years

 

610,941 

 

 

603,278 

 

 

60,583 

 

 

63,560 

Five years through ten years

 

149,405 

 

 

153,498 

 

 

403,933 

 

 

400,427 

Ten years and thereafter

 

225,704 

 

 

236,612 

 

 

1,197,236 

 

 

1,199,307 

 

$

986,251 

 

$

993,593 

 

$

1,668,484 

 

$

1,670,097 

 

Carrying Value Of Mortgage Backed Securities In Portfolio

 

 

 

 

 

 

 

December 31,  2013

 

September 30, 2013

 

 

(Dollars in thousands)

Federal National Mortgage Association (“FNMA”)

$

1,193,334 

 

$

1,250,948 

Federal Home Loan Mortgage Corporation (“FHLMC”)

 

622,975 

 

 

629,216 

Government National Mortgage Association

 

158,855 

 

 

167,544 

 

$

1,975,164 

 

$

2,047,708 

 

Schedule Of Taxable And Non-taxable Components Of Interest Income

 

 

 

 

 

 

 

For the Three Months Ended

 

December 31,

 

 

2013

 

 

2012

 

(Dollars in thousands)

Taxable

$

1,807 

 

$

2,539 

Non-taxable

 

259 

 

 

326 

 

$

2,066 

 

$

2,865 

 

Schedule Of Amortized Cost And Estimated Fair Value Of Securities Pledged As Collateral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,  2013

 

 

September 30, 2013

 

 

 

 

Estimated

 

 

 

 

Estimated

 

Amortized

 

Fair

 

Amortized

 

Fair

 

Cost

 

Value

 

Cost

 

Value

 

 

(Dollars in thousands)

Repurchase agreements

$

347,507 

 

$

354,409 

 

$

353,648 

 

$

364,593 

Public unit deposits

 

286,953 

 

 

286,896 

 

 

272,016 

 

 

274,917 

Federal Reserve Bank

 

31,677 

 

 

32,549 

 

 

34,261 

 

 

35,477 

 

$

666,137 

 

$

673,854 

 

$

659,925 

 

$

674,987