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SECURITIES (Tables)
3 Months Ended
Jun. 30, 2014
SECURITIES [Abstract]  
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

 

$   1,328,852

 

$        6,995

 

$        2,479

 

$   1,333,368

Government agency issued residential

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

225,960 

 

4,157 

 

703 

 

229,414 

Government agency issued commercial

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

240,693 

 

2,225 

 

5,597 

 

237,321 

Obligations of states and political subdivisions

 

497,547 

 

23,656 

 

306 

 

520,897 

Other

 

10,056 

 

1,136 

 

 -

 

11,192 

Total

 

$   2,303,108

 

$      38,169

 

$        9,085

 

$   2,332,192

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

 

$   1,455,417

 

$        9,065

 

$        6,133

 

$   1,458,349

Government agency issued residential

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

249,682 

 

3,118 

 

2,566 

 

250,234 

Government agency issued commercial

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

239,313 

 

1,773 

 

10,174 

 

230,912 

Obligations of states and political subdivisions

 

509,255 

 

12,883 

 

2,733 

 

519,405 

Other

 

6,941 

 

1,148 

 

 -

 

8,089 

Total

 

$   2,460,608

 

$      27,987

 

$      21,606

 

$   2,466,989

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2013

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

(In thousands)

U.S. Government agencies

 

$   1,575,837

 

$       13,082

 

$         7,349

 

$   1,581,570

Government agency issued residential

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

288,345 

 

5,584 

 

1,342 

 

292,586 

Government agency issued commercial

 

 

 

 

 

 

 

 

  mortgage-backed securities

 

237,961 

 

2,153 

 

12,733 

 

227,381 

Obligations of states and political subdivisions

 

520,067 

 

17,245 

 

1,975 

 

535,337 

Other

 

7,064 

 

1,001 

 

 -

 

8,065 

Total

 

$   2,629,274

 

$       39,065

 

$       23,399

 

$   2,644,939

 

Amortized Cost And Estimated Fair Value Of Available-For-Sale Securities By Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

 

 

 

Estimated

 

Weighted

 

 

Amortized

 

Fair

 

Average

 

 

Cost

 

Value

 

Yield

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Maturing in one year or less

 

$      366,237

 

$      368,148

 

1.43 

%

Maturing after one year through five years

 

1,101,734 

 

1,107,122 

 

1.26 

 

Maturing after five years through ten years

 

183,070 

 

191,868 

 

5.67 

 

Maturing after ten years

 

185,414 

 

198,319 

 

5.89 

 

Mortgage-backed securities

 

466,653 

 

466,735 

 

2.10 

 

Total

 

$   2,303,108

 

$   2,332,192

 

 

 

 

Temporarily Impaired Available-For-Sale Securities With Continuous Unrealized Loss Positions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014

 

Continuous Unrealized Loss Position

 

 

 

 

 

Less Than 12 Months

 

12 Months or Longer

 

Total

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

$      79,262

 

$             88

 

$    360,808

 

$        2,391

 

$    440,070

 

$        2,479

Government agency issued residential

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

23,574 

 

89 

 

28,750 

 

614 

 

52,324 

 

703 

Government agency issued commercial

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

978 

 

 

203,253 

 

5,596 

 

204,231 

 

5,597 

Obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 political subdivisions

10,671 

 

42 

 

18,523 

 

264 

 

29,194 

 

306 

Total

$    114,485

 

$           220

 

$    611,334

 

$        8,865

 

$    725,819

 

$        9,085

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

Continuous Unrealized Loss Position

 

 

 

 

 

Less Than 12 Months

 

12 Months or Longer

 

Total

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

Unrealized

 

Value

 

Losses

 

Value

 

Losses

 

Value

 

Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

U.S. Government agencies

$        533,326 

 

$            6,133 

 

$                    - 

 

$                    - 

 

$        533,326 

 

$            6,133 

Government agency issued residential

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

106,179 

 

2,418 

 

4,407 

 

148 

 

110,586 

 

2,566 

Government agency issued commercial

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

176,253 

 

8,578 

 

27,225 

 

1,596 

 

203,478 

 

10,174 

Obligations of states and

 

 

 

 

 

 

 

 

 

 

 

 political subdivisions

97,543 

 

2,555 

 

3,663 

 

178 

 

101,206 

 

2,733 

Total

$        913,301 

 

$          19,684 

 

$          35,295 

 

$            1,922 

 

$        948,596 

 

$          21,606