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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2016
SECURITIES [Abstract]  
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

June 30, 2016



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

 

 

 

 

 

 

 



(In thousands)

U.S. Government agencies

 

$   1,302,238

 

$        8,565

 

$                -

 

$   1,310,803

Government agency issued residential

 

 

 

 

 

 

 

 

   mortgage-backed securities

 

177,195 

 

3,066 

 

83 

 

180,178 

Government agency issued commercial

 

 

 

 

 

 

 

 

   mortgage-backed securities

 

188,222 

 

5,268 

 

15 

 

193,475 

Obligations of states and political subdivisions

 

374,134 

 

25,263 

 

 

399,391 

Other

 

19,173 

 

863 

 

 -

 

20,036 

Total

 

$   2,060,962

 

$      43,025

 

$           104

 

$   2,103,883







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

December 31, 2015



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

 

 

 

 

 

 

 



(In thousands)

U.S. Government agencies

 

$   1,246,261

 

$           826

 

$        2,447

 

$   1,244,640

Government agency issued residential

 

 

 

 

 

 

 

 

   mortgage-backed securities

 

138,759 

 

1,957 

 

176 

 

140,540 

Government agency issued commercial

 

 

 

 

 

 

 

 

   mortgage-backed securities

 

261,544 

 

2,414 

 

3,265 

 

260,693 

Obligations of states and political subdivisions

 

394,769 

 

22,813 

 

83 

 

417,499 

Other

 

18,112 

 

845 

 

 -

 

18,957 

Total

 

$   2,059,445

 

$      28,855

 

$        5,971

 

$   2,082,329







 

 

 

 

 

 

 

 



 

June 30, 2015



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In thousands)

U.S. Government agencies

 

$   1,331,589

 

$        5,341

 

$             84

 

$   1,336,846

Government agency issued residential

 

 

 

 

 

 

 

 

   mortgage-backed securities

 

214,390 

 

3,518 

 

717 

 

217,191 

Government agency issued commercial

 

 

 

 

 

 

 

 

   mortgage-backed securities

 

224,386 

 

2,064 

 

2,000 

 

224,450 

Obligations of states and political subdivisions

 

434,980 

 

23,488 

 

146 

 

458,322 

Other

 

13,123 

 

1,221 

 

 -

 

14,344 

Total

 

$   2,218,468

 

$      35,632

 

$        2,947

 

$   2,251,153



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



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

June 30, 2016



 

 

 

Estimated

 

Weighted



 

Amortized

 

Fair

 

Average



 

Cost

 

Value

 

Yield



 

 

 

 

 

 

 



 

(Dollars in thousands)

Maturing in one year or less

 

$      380,547

 

$      381,075

 

0.91 

%

Maturing after one year through five years

 

1,023,283 

 

1,033,003 

 

1.36 

 

Maturing after five years through ten years

 

49,906 

 

53,281 

 

5.77 

 

Maturing after ten years

 

241,809 

 

262,871 

 

5.72 

 

Mortgage-backed securities

 

365,417 

 

373,653 

 

2.08 

 

Total

 

$   2,060,962

 

$   2,103,883

 

 

 



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







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



June 30, 2016



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)

Government agency issued residential

 

 

 

 

 

 

 

 

 

 

 

mortgage-backed securities

$       21,771

 

$            76

 

$       4,691

 

$              7

 

$       26,462

 

$            83

Government agency issued commercial

 

 

 

 

 

 

 

 

 

 

 

 mortgage-backed securities

14,049 

 

13 

 

658 

 

 

14,707 

 

15 

Obligations of states and

 

 

 

 

 

 

 

 

 

 

 

political subdivisions

657 

 

 

 -

 

 -

 

657 

 

Total

$       36,477

 

$            95

 

$       5,349

 

$              9

 

$       41,826

 

$          104







 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



December 31, 2015



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

$     762,568

 

$        2,447

 

$                -

 

$                -

 

$     762,568

 

$        2,447

Government agency issued residential mortgage-backed securities

34,238 

 

176 

 

 -

 

 -

 

34,238 

 

176 

Government agency issued commercial mortgage-backed securities

193,621 

 

2,710 

 

31,166 

 

555 

 

224,787 

 

3,265 

Obligations of states and political subdivisions

13,576 

 

70 

 

2,856 

 

13 

 

16,432 

 

83 

Total

$  1,004,003

 

$        5,403

 

$      34,022

 

$           568

 

$  1,038,025

 

$        5,971