XML 77 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 - Investment Securities (Tables)
9 Months Ended
Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
   
Investment Securities Available for Sale
At September 30, 2014
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
U.S. Treasury securities
  $ 3,499     $ 10     $ -     $ 3,509  
Securities of U.S. Government sponsored entities
    442,482       214       (1,160 )     441,536  
Residential mortgage-backed securities
    26,574       1,799       (20 )     28,353  
Commercial mortgage-backed securities
    3,021       7       (7 )     3,021  
Obligations of states and political subdivisions
    176,614       10,203       (197 )     186,620  
Residential collateralized mortgage obligations
    240,091       594       (11,400 )     229,285  
Asset-backed securities
    8,674       -       (35 )     8,639  
FHLMC(1) and FNMA(2) stock
    804       13,798       -       14,602  
Corporate securities
    470,570       3,674       (1,106 )     473,138  
Other securities
    2,039       756       (136 )     2,659  
Total
  $ 1,374,368     $ 31,055     $ (14,061 )   $ 1,391,362  
   
Investment Securities Available for Sale
At December 31, 2013
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
U.S. Treasury securities
  $ 3,500     $ 9     $ (3 )   $ 3,506  
Securities of U.S. Government sponsored entities
    131,080       75       (663 )     130,492  
Residential mortgage-backed securities
    32,428       1,763       (15 )     34,176  
Commercial mortgage-backed securities
    3,411       19       (5 )     3,425  
Obligations of states and political subdivisions
    186,082       5,627       (323 )     191,386  
Residential collateralized mortgage obligations
    266,890       730       (14,724 )     252,896  
Asset-backed securities
    14,653       3       (101 )     14,555  
FHLMC and FNMA stock
    804       12,568       -       13,372  
Corporate securities
    430,794       2,901       (1,264 )     432,431  
Other securities
    2,049       1,251       (158 )     3,142  
Total
  $ 1,071,691     $ 24,946     $ (17,256 )   $ 1,079,381  
Schedule of Held to Maturity Securities Reconciliation [Table Text Block]
   
Investment Securities Held to Maturity
At September 30, 2014
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
Securities of U.S. Government sponsored entities
  $ 1,164     $ -     $ -     $ 1,164  
Residential mortgage-backed securities
    59,182       926       (86 )     60,022  
Obligations of states and political subdivisions
    703,554       11,483       (2,909 )     712,128  
Residential collateralized mortgage obligations
    271,141       1,673       (4,743 )     268,071  
Total
  $ 1,035,041     $ 14,082     $ (7,738 )   $ 1,041,385  
   
Investment Securities Held to Maturity
At December 31, 2013
 
   
Amortized
Cost
   
Gross
Unrealized
Gains
   
Gross
Unrealized
Losses
   
Fair
Value
 
   
(In thousands)
 
Securities of U.S. Government sponsored entities
  $ 1,601     $ -     $ (4 )   $ 1,597  
Residential mortgage-backed securities
    65,076       854       (624 )     65,306  
Obligations of states and political subdivisions
    756,707       6,211       (21,667 )     741,251  
Residential collateralized mortgage obligations
    308,915       1,209       (5,602 )     304,522  
Total
  $ 1,132,299     $ 8,274     $ (27,897 )   $ 1,112,676  
Investments Classified by Contractual Maturity Date [Table Text Block]
   
At September 30, 2014
 
   
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
  $ 45,444     $ 45,671     $ 13,767     $ 14,233  
Over 1 to 5 years
    625,789       629,181       216,979       220,062  
Over 5 to 10 years
    362,884       366,119       270,071       273,124  
Over 10 years
    67,722       72,471       203,901       205,873  
Subtotal
    1,101,839       1,113,442       704,718       713,292  
Mortgage-backed securities and residential collateralized mortgage obligations
    269,686       260,659       330,323       328,093  
Other securities
    2,843       17,261       -       -  
Total
  $ 1,374,368     $ 1,391,362     $ 1,035,041     $ 1,041,385  
   
At December 31, 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
  $ 75,385     $ 75,609     $ 9,639     $ 9,900  
Over 1 to 5 years
    536,333       538,111       187,051       189,827  
Over 5 to 10 years
    66,669       68,166       314,630       310,104  
Over 10 years
    87,722       90,484       246,988       233,017  
Subtotal
    766,109       772,370       758,308       742,848  
Mortgage-backed securities and residential collateralized mortgage obligations
    302,729       290,497       373,991       369,828  
Other securities
    2,853       16,514       -       -  
Total
  $ 1,071,691     $ 1,079,381     $ 1,132,299     $ 1,112,676  
Schedule of Unrealized Loss on Investments [Table Text Block]
   
Investment Securities Available for Sale
At September 30, 2014
 
 
 
No. of
   
Less than 12 months
   
No. of
   
12 months or longer
   
No. of
   
Total
 
 
 
Investment
   
 
   
Unrealized
   
Investment
   
 
   
Unrealized
   
Investment
   
 
   
Unrealized
 
 
 
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
 
 
 
($ in thousands)
 
Securities of U.S. Government sponsored entities
    24     $ 358,842     $ (1,103 )     1     $ 9,943     $ (57 )     25     $ 368,785     $ (1,160 )
Residential mortgage-backed securities
    -       -       -       2       828       (20 )     2       828       (20 )
Commercial mortgage-backed securities
    -       -       -       2       1,822       (7 )     2       1,822       (7 )
Obligations of states and political subdivisions
    8       2,783       (46 )     21       6,460       (151 )     29       9,243       (197 )
Residential collateralized mortgage obligations
    -       -       -       38       209,504       (11,400 )     38       209,504       (11,400 )
Asset-backed securities
    1       5,030       (1 )     1       3,609       (34 )     2       8,639       (35 )
Corporate securities
    31       93,716       (772 )     5       34,218       (334 )     36       127,934       (1,106 )
Other securities
    -       -       -       1       1,864       (136 )     1       1,864       (136 )
Total
    64     $ 460,371     $ (1,922 )     71     $ 268,248     $ (12,139 )     135     $ 728,619     $ (14,061 )
   
Investment Securities Held to Maturity
At September 30, 2014
 
 
 
No. of
   
Less than 12 months
   
No. of
   
12 months or longer
   
No. of
   
Total
 
 
 
Investment
   
 
   
Unrealized
   
Investment
   
 
   
Unrealized
   
Investment
   
 
   
Unrealized
 
 
 
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
 
   
($ in thousands)
 
Securities of U.S. Government sponsored entities
    1     $ 1,164     $ -       -     $ -     $ -       1     $ 1,164     $ -  
Residential  mortgage-backed securities
    2       9,658       (48 )     2       3,320       (38 )     4       12,978       (86 )
Obligations of states and political subdivisions
    14       10,434       (45 )     180       162,095       (2,864 )     194       172,529       (2,909 )
Residential collateralized mortgage obligations
    15       63,098       (787 )     23       132,175       (3,956 )     38       195,273       (4,743 )
Total
    32     $ 84,354     $ (880 )     205     $ 297,590     $ (6,858 )     237     $ 381,944     $ (7,738 )
   
Investment Securities Available for Sale
At December 31, 2013
 
   
No. of
   
Less than 12 months
   
No. of
   
12 months or longer
   
No. of
   
Total
 
   
Investment
         
Unrealized
   
Investment
         
Unrealized
   
Investment
         
Unrealized
 
   
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
 
   
($ in thousands)
 
U.S. Treasury securities
    1     $ 2,994     $ (3 )     -     $ -     $ -       1     $ 2,994     $ (3 )
Securities of U.S. Government sponsored entities
    15       91,669       (663 )     -       -       -       15       91,669       (663 )
Residential mortgage-backed securities
    3       864       (15 )     -       -       -       3       864       (15 )
Commercial mortgage-backed securities
    1       1,072       (5 )     -       -       -       1       1,072       (5 )
Obligations of states and political subdivisions
    35       17,516       (222 )     11       3,214       (101 )     46       20,730       (323 )
Residential collateralized mortgage obligations
    34       187,848       (12,326 )     6       40,575       (2,398 )     40       228,423       (14,724 )
Asset-backed securities
    1       5,002       (1 )     1       4,475       (100 )     2       9,477       (101 )
Corporate securities
    25       117,751       (1,087 )     2       9,824       (177 )     27       127,575       (1,264 )
Other securities
    -       -       -       1       1,842       (158 )     1       1,842       (158 )
Total
    115     $ 424,716     $ (14,322 )     21     $ 59,930     $ (2,934 )     136     $ 484,646     $ (17,256 )
   
Investment Securities Held to Maturity
At December 31, 2013
 
   
No. of
   
Less than 12 months
   
No. of
   
12 months or longer
   
No. of
   
Total
 
   
Investment
         
Unrealized
   
Investment
         
Unrealized
   
Investment
         
Unrealized
 
   
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
   
Positions
   
Fair Value
   
Losses
 
   
($ in thousands)
 
Securities of U.S. Government sponsored entities
    1     $ 1,597     $ (4 )     -     $ -     $ -       1     $ 1,597     $ (4 )
Residential  mortgage-backed securities
    13       38,396       (616 )     1       392       (8 )     14       38,788       (624 )
Obligations of states and political subdivisions
    530       355,797       (14,893 )     64       64,427       (6,774 )     594       420,224       (21,667 )
Residential collateralized mortgage obligations
    42       214,981       (5,175 )     5       14,120       (427 )     47       229,101       (5,602 )
Total
    586     $ 610,771     $ (20,688 )     70     $ 78,939     $ (7,209 )     656     $ 689,710     $ (27,897 )
Interest Income From Investments [Table Text Block]
   
For the Three Months
   
For the Nine Months
 
   
Ended September 30,
 
   
2014
   
2013
   
2014
   
2013
 
   
(In thousands)
 
Taxable
  $ 6,348     $ 5,502     $ 17,907     $ 16,626  
Tax-exempt
    6,423       7,338       20,143       22,368  
Total interest income from investment securities
  $ 12,771     $ 12,840     $ 38,050     $ 38,994