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Securities (Tables)
6 Months Ended
Mar. 31, 2014
Securities [Abstract]  
Amortized Cost, Estimated Fair Value, And Gross Unrealized Gains And Losses Of AFS And HTM Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

Gross

 

Gross

 

Estimated

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Cost

 

Gains

 

Losses

 

Value

 

 

(Dollars in thousands)

AFS:

 

 

 

 

 

 

 

 

 

 

 

GSE debentures

$

579,853 

 

$

364 

 

$

8,677 

 

$

571,540 

MBS

 

304,034 

 

 

16,603 

 

 

70 

 

 

320,567 

Trust preferred securities

 

2,539 

 

 

--

 

 

170 

 

 

2,369 

Municipal bonds

 

1,117 

 

 

30 

 

 

--

 

 

1,147 

 

 

887,543 

 

 

16,997 

 

 

8,917 

 

 

895,623 

HTM:

 

 

 

 

 

 

 

 

 

 

 

MBS

 

1,684,571 

 

 

32,599 

 

 

18,531 

 

 

1,698,639 

Municipal bonds

 

35,712 

 

 

769 

 

 

36 

 

 

36,445 

 

 

1,720,283 

 

 

33,368 

 

 

18,567 

 

 

1,735,084 

 

$

2,607,826 

 

$

50,365 

 

$

27,484 

 

$

2,630,707 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

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

20 

 

$

457,820 

 

$

7,467 

 

 

$

37,941 

 

$

1,210 

MBS

 

 

10,191 

 

 

70 

 

--

 

 

--

 

 

--

Trust preferred securities

--

 

 

--

 

 

--

 

 

 

2,369 

 

 

170 

 

21 

 

$

468,011 

 

$

7,537 

 

 

$

40,310 

 

$

1,380 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HTM:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MBS

44 

 

$

784,469 

 

$

17,239 

 

 

$

22,566 

 

$

1,292 

Municipal bonds

 

 

5,386 

 

 

36 

 

--

 

 

--

 

 

--

 

52 

 

$

789,855 

 

$

17,275 

 

 

$

22,566 

 

$

1,292 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 

 

$

204 

 

$

7,225 

 

$

7,296 

One year through five years

 

531,332 

 

 

525,271 

 

 

70,001 

 

 

73,335 

Five years through ten years

 

142,417 

 

 

146,593 

 

 

491,727 

 

 

490,835 

Ten years and thereafter

 

213,593 

 

 

223,555 

 

 

1,151,330 

 

 

1,163,618 

 

$

887,543 

 

$

895,623 

 

$

1,720,283 

 

$

1,735,084 

 

Carrying Value Of Mortgage-Backed Securities In Portfolio

 

 

 

 

 

 

 

March 31, 2014

 

September 30, 2013

 

 

(Dollars in thousands)

Federal National Mortgage Association (“FNMA”)

$

1,166,881 

 

$

1,250,948 

Federal Home Loan Mortgage Corporation (“FHLMC”)

 

666,209 

 

 

629,216 

Government National Mortgage Association

 

172,048 

 

 

167,544 

 

$

2,005,138 

 

$

2,047,708 

 

Schedule Of Taxable And Non-taxable Components Of Interest Income

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

March 31,

 

March 31,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

(Dollars in thousands)

Taxable

$

1,632 

 

$

2,147 

 

$

3,439 

 

$

4,685 

Non-taxable

 

237 

 

 

310 

 

 

496 

 

 

637 

 

$

1,869 

 

$

2,457 

 

$

3,935 

 

$

5,322 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

September 30, 2013

 

 

 

 

Estimated

 

 

 

 

Estimated

 

Amortized

 

Fair

 

Amortized

 

Fair

 

Cost

 

Value

 

Cost

 

Value

 

 

(Dollars in thousands)

Repurchase agreements

$

345,697 

 

$

356,488 

 

$

353,648 

 

$

364,593 

Public unit deposits

 

273,769 

 

 

274,775 

 

 

272,016 

 

 

274,917 

Federal Reserve Bank

 

29,425 

 

 

30,351 

 

 

34,261 

 

 

35,477 

 

$

648,891 

 

$

661,614 

 

$

659,925 

 

$

674,987