XML 129 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 - Investment Securities (Tables)
6 Months Ended
Jun. 30, 2013
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
   
Investment Securities Available for Sale
At June 30, 2013
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
U.S. Treasury securities
  $ 3,511     $ 23     $ -     $ 3,534  
Securities of U.S. Government sponsored entities
    38,699       49       (367 )     38,381  
Residential mortgage-backed securities
    39,532       2,089       (11 )     41,610  
Commercial mortgage-backed securities
    3,716       73       -       3,789  
Obligations of States and political subdivisions
    191,367       7,338       (278 )     198,427  
Residential collateralized mortgage obligations
    285,670       918       (8,790 )     277,798  
Asset-backed securities
    15,328       -       (125 )     15,203  
FHLMC (1) and FNMA (2) stock
    824       7,204       -       8,028  
Corporate securities
    416,108       2,279       (3,074 )     415,313  
Other securities
    2,049       888       (132 )     2,805  
Total
  $ 996,804     $ 20,861     $ (12,777 )   $ 1,004,888  
   
Investment Securities Available for Sale
At December 31, 2012
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
U.S. Treasury securities
  $ 3,520     $ 38     $ -     $ 3,558  
Securities of U.S. Government sponsored entities
    49,335       207       (17 )     49,525  
Residential mortgage-backed securities
    53,078       3,855       (1 )     56,932  
Commercial mortgage-backed securities
    4,076       69       -       4,145  
Obligations of States and political subdivisions
    200,769       14,730       (252 )     215,247  
Residential collateralized mortgage obligations
    219,613       1,786       (294 )     221,105  
Asset-backed securities
    16,130       18       (143 )     16,005  
FHLMC and FNMA stock
    824       2,061       (5 )     2,880  
Corporate securities
    250,655       3,009       (826 )     252,838  
Other securities
    2,091       1,370       (60 )     3,401  
Total
  $ 800,091     $ 27,143     $ (1,598 )   $ 825,636  
Schedule Of Held To Maturity Securities Reconciliation [Table Text Block]
   
Investment Securities Held to Maturity
At June 30, 2013
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
Securities of U.S. Government sponsored entities
  $ 2,256     $ 10     $ -     $ 2,266  
Residential mortgage-backed securities
    64,404       986       (488 )     64,902  
Obligations of States and political subdivisions
    723,096       9,146       (18,155 )     714,087  
Residential collateralized mortgage obligations
    344,859       1,459       (2,627 )     343,691  
Total
  $ 1,134,615     $ 11,601     $ (21,270 )   $ 1,124,946  
   
Investment Securities Held to Maturity
At December 31, 2012
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
Securities of U.S. Government sponsored entities
  $ 3,232     $ 43     $ -     $ 3,275  
Residential mortgage-backed securities
    72,807       2,090       (10 )     74,887  
Obligations of States and political subdivisions
    680,802       23,004       (1,235 )     702,571  
Residential collateralized mortgage obligations
    399,200       5,185       (561 )     403,824  
Total
  $ 1,156,041     $ 30,322     $ (1,806 )   $ 1,184,557  
Investments Classified by Contractual Maturity Date [Table Text Block]
   
At June 30, 2013
 
   
Securities Available
for Sale
   
Securities Held
to Maturity
 
   
Amortized
Cost
   
Fair
Value
   
Amortized
Cost
   
Fair
Value
 
   
(In thousands)
 
Maturity in years:
                       
1 year or less
  $ 69,203     $ 69,604     $ 11,182     $ 11,441  
Over 1 to 5 years
    426,099       425,485       162,937       166,079  
Over 5 to 10 years
    71,015       72,718       282,150       281,073  
Over 10 years
    98,696       103,051       269,083       257,760  
Subtotal
    665,013       670,858       725,352       716,353  
Mortgage-backed securities and residential collateralized mortgage obligations
    328,918       323,197       409,263       408,593  
Other securities
    2,873       10,833       -       -  
Total
  $ 996,804     $ 1,004,888     $ 1,134,615     $ 1,124,946  
   
At December 31, 2012
 
   
Securities Available
for Sale
   
Securities Held
to Maturity
 
   
Amortized
Cost
   
Fair
Value
   
Amortized
Cost
   
Fair
Value
 
   
(In thousands)
 
Maturity in years:
                       
1 year or less
  $ 40,380     $ 40,686     $ 10,265     $ 10,496  
Over 1 to 5 years
    309,293       312,480       167,162       171,769  
Over 5 to 10 years
    59,817       63,540       227,603       236,608  
Over 10 years
    110,919       120,467       279,004       286,973  
Subtotal
    520,409       537,173       684,034       705,846  
Mortgage-backed securities and residential collateralized mortgage obligations
    276,767       282,182       472,007       478,711  
Other securities
    2,915       6,281       -       -  
Total
  $ 800,091     $ 825,636     $ 1,156,041     $ 1,184,557  
Schedule of Unrealized Loss on Investments [Table Text Block]
   
Investment Securities Available for Sale
At June 30, 2013
 
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
 
   
(In thousands)
 
Securities of U.S. Government sponsored entities
  $ 24,507     $ (367 )   $ -     $ -     $ 24,507     $ (367 )
Residential mortgage-backed securities
    18       -       868       (11 )     886       (11 )
Obligations of States and political subdivisions
    9,893       (141 )     5,756       (137 )     15,649       (278 )
Residential collateralized mortgage obligations
    250,865       (8,790 )     1       -       250,866       (8,790 )
Asset-backed securities
    10,108       (10 )     5,095       (115 )     15,203       (125 )
Corporate securities
    218,697       (2,715 )     32,548       (359 )     251,245       (3,074 )
Other securities
    -       -       1,868       (132 )     1,868       (132 )
Total
  $ 514,088     $ (12,023 )   $ 46,136     $ (754 )   $ 560,224     $ (12,777 )
   
Investment Securities Held to Maturity
At June 30, 2013
 
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
 
   
(In thousands)
 
Residential mortgage-backed securities
  $ 33,116     $ (360 )   $ 7,561     $ (128 )   $ 40,677     $ (488 )
Obligations of States and political subdivisions
    338,807       (17,765 )     9,307       (390 )     348,114       (18,155 )
Residential collateralized mortgage obligations
    208,216       (2,360 )     16,418       (267 )     224,634       (2,627 )
Total
  $ 580,139     $ (20,485 )   $ 33,286     $ (785 )   $ 613,425     $ (21,270 )
   
Investment Securities Available for Sale
At December 31, 2012
 
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
 
   
(In thousands)
 
Securities of U.S. Government sponsored entities
  $ 9,983     $ (17 )   $ -     $ -     $ 9,983     $ (17 )
Residential mortgage-backed securities
    103       (1 )     11       -       114       (1 )
Residential collateralized mortgage obligations
    72,803       (294 )     -       -       72,803       (294 )
Obligations of States and political subdivisions
    2,080       (23 )     8,928       (229 )     11,008       (252 )
Asset-backed securities
    -       -       5,828       (143 )     5,828       (143 )
FHLMC and FNMA stock
    -       -       1       (5 )     1       (5 )
Corporate securities
    53,570       (423 )     24,597       (403 )     78,167       (826 )
Other securities
    -       -       1,940       (60 )     1,940       (60 )
Total
  $ 138,539     $ (758 )   $ 41,305     $ (840 )   $ 179,844     $ (1,598 )
   
Investment Securities Held to Maturity
At December 31, 2012
 
   
Less than 12 months
   
12 months or longer
   
Total
 
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
   
Fair Value
   
Unrealized
Losses
 
   
(In thousands)
 
Residential mortgage-backed securities
  $ 113     $ -     $ 664     $ (10 )   $ 777     $ (10 )
Residential collateralized mortgage obligations
    26,683       (386 )     9,353       (175 )     36,036       (561 )
Obligations of States and political subdivisions
    69,839       (1,205 )     4,275       (30 )     74,114       (1,235 )
Total
  $ 96,635     $ (1,591 )   $ 14,292     $ (215 )   $ 110,927     $ (1,806 )
Interest Income From Investments [Table Text Block]
   
For the Three Months
   
For the Six Months
 
   
Ended June 30,
 
   
2013
   
2012
   
2013
   
2012
 
   
(In thousands)
 
Taxable:
                       
    Mortgage related securities
  $ 3,371     $ 3,713     $ 6,933     $ 7,076  
    Other
    2,220       1,635       4,192       2,962  
    Total taxable
    5,591       5,348       11,125       10,038  
Tax-exempt
    7,498       7,808       15,030       15,760  
Total interest income from investment securities
  $ 13,089     $ 13,156     $ 26,155     $ 25,798