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Securities (Tables)
9 Months Ended
Jun. 30, 2014
Securities [Abstract]  
Amortized Cost, Estimated Fair Value, And Gross Unrealized Gains And Losses Of AFS And HTM Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

Gross

 

Gross

 

Estimated

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

Cost

 

Gains

 

Losses

 

Value

 

 

(Dollars in thousands)

AFS:

 

 

 

 

 

 

 

 

 

 

 

GSE debentures

$

554,821 

 

$

439 

 

$

4,829 

 

$

550,431 

MBS

 

287,496 

 

 

15,994 

 

 

47 

 

 

303,443 

Trust preferred securities

 

2,524 

 

 

--

 

 

168 

 

 

2,356 

Municipal bonds

 

1,117 

 

 

25 

 

 

--

 

 

1,142 

 

 

845,958 

 

 

16,458 

 

 

5,044 

 

 

857,372 

HTM:

 

 

 

 

 

 

 

 

 

 

 

MBS

 

1,600,567 

 

 

36,503 

 

 

10,332 

 

 

1,626,738 

Municipal bonds

 

36,476 

 

 

719 

 

 

16 

 

 

37,179 

 

 

1,637,043 

 

 

37,222 

 

 

10,348 

 

 

1,663,917 

 

$

2,483,001 

 

$

53,680 

 

$

15,392 

 

$

2,521,289 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 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

 

$

74,660 

 

$

94 

 

18 

 

$

403,920 

 

$

4,735 

MBS

 

 

12,501 

 

 

46 

 

 

 

35 

 

 

Trust preferred securities

--

 

 

--

 

 

--

 

 

 

2,356 

 

 

168 

 

 

$

87,161 

 

$

140 

 

20 

 

$

406,311 

 

$

4,904 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HTM:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MBS

 

$

119,381 

 

$

501 

 

26 

 

$

439,796 

 

$

9,831 

Municipal bonds

 

 

2,971 

 

 

11 

 

 

 

741 

 

 

 

13 

 

$

122,352 

 

$

512 

 

27 

 

$

440,537 

 

$

9,836 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

$

200 

 

$

202 

 

$

5,414 

 

$

5,451 

One year through five years

 

510,931 

 

 

508,456 

 

 

81,251 

 

 

85,476 

Five years through ten years

 

131,298 

 

 

135,501 

 

 

458,521 

 

 

461,267 

Ten years and thereafter

 

203,529 

 

 

213,213 

 

 

1,091,857 

 

 

1,111,723 

 

$

845,958 

 

$

857,372 

 

$

1,637,043 

 

$

1,663,917 

 

Carrying Value Of Mortgage-Backed Securities In Portfolio

 

 

 

 

 

 

 

June 30, 2014

 

September 30, 2013

 

 

(Dollars in thousands)

Federal National Mortgage Association (“FNMA”)

$

1,108,947 

 

$

1,250,948 

Federal Home Loan Mortgage Corporation (“FHLMC”)

 

632,224 

 

 

629,216 

Government National Mortgage Association

 

162,839 

 

 

167,544 

 

$

1,904,010 

 

$

2,047,708 

 

Schedule Of Taxable And Non-taxable Components Of Interest Income

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

June 30,

 

June 30,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

(Dollars in thousands)

Taxable

$

1,508 

 

$

2,143 

 

$

4,947 

 

$

6,828 

Non-taxable

 

231 

 

 

296 

 

 

727 

 

 

933 

 

$

1,739 

 

$

2,439 

 

$

5,674 

 

$

7,761 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

September 30, 2013

 

 

 

 

Estimated

 

 

 

 

Estimated

 

Amortized

 

Fair

 

Amortized

 

Fair

 

Cost

 

Value

 

Cost

 

Value

 

 

(Dollars in thousands)

Repurchase agreements

$

347,536 

 

$

361,377 

 

$

353,648 

 

$

364,593 

Public unit deposits

 

312,142 

 

 

316,412 

 

 

272,016 

 

 

274,917 

Federal Reserve Bank

 

27,929 

 

 

28,906 

 

 

34,261 

 

 

35,477 

 

$

687,607 

 

$

706,695 

 

$

659,925 

 

$

674,987