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SECURITIES (Tables)
3 Months Ended
Mar. 31, 2017
SECURITIES [Abstract]  
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31, 2017



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



(In thousands)

U.S. Government agencies

 

$   1,823,294

 

$           861

 

$        5,975

 

$   1,818,180

U.S. Government agency issued residential mortgage-backed securities

 

167,986 

 

1,389 

 

1,833 

 

167,542 

U.S. Government agency issued commercial mortgage-backed securities

 

169,996 

 

1,510 

 

1,424 

 

170,082 

Obligations of states and political subdivisions

 

337,595 

 

16,193 

 

1,464 

 

352,324 

FHLB and other securities

 

32,531 

 

228 

 

 -

 

32,759 

Total

 

$   2,531,402

 

$      20,181

 

$      10,696

 

$   2,540,887







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

December 31, 2016



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



(In thousands)

U.S. Government agencies

 

$   1,794,231

 

$        1,261

 

$        6,065

 

$   1,789,427

U.S. Government agency issued residential  mortgage-backed securities

 

176,476 

 

1,665 

 

1,898 

 

176,243 

U.S. Government agency issued commercial mortgage-backed securities

 

171,840 

 

1,648 

 

1,209 

 

172,279 

Obligations of states and political subdivisions

 

346,609 

 

15,547 

 

2,151 

 

360,005 

FHLB and other securities

 

32,436 

 

1,286 

 

 -

 

33,722 

Total

 

$   2,521,592

 

$      21,407

 

$      11,323

 

$   2,531,676







 

 

 

 

 

 

 

 



 

March 31, 2016



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In thousands)

U.S. Government agencies

 

$   1,190,199

 

$        5,974

 

$               6

 

$   1,196,167

 U.S. Government agency issued residential mortgage-backed securities

 

187,410 

 

2,582 

 

251 

 

189,741 

U.S. Government agency issued commercial mortgage-backed securities

 

204,246 

 

3,719 

 

57 

 

207,908 

Obligations of states and political subdivisions

 

384,326 

 

24,219 

 

 

408,537 

FHLB and other securities

 

13,142 

 

878 

 

 -

 

14,020 

Total

 

$   1,979,323

 

$      37,372

 

$           322

 

$   2,016,373



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



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

March 31, 2017



 

 

 

Estimated

 

Weighted



 

Amortized

 

Fair

 

Average



 

Cost

 

Value

 

Yield



 

(Dollars in thousands)

Maturing in one year or less

 

$      569,032

 

$      569,120

 

1.05 

%

Maturing after one year through five years

 

1,347,399 

 

1,341,746 

 

1.37 

 

Maturing after five years through ten years

 

45,459 

 

47,804 

 

5.90 

 

Maturing after ten years

 

231,530 

 

244,593 

 

5.47 

 

Mortgage-backed securities

 

337,982 

 

337,624 

 

2.18 

 

Total

 

$   2,531,402

 

$   2,540,887

 

 

 



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





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



March 31, 2017



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

$  1,319,456

 

$        5,975

 

$                -

 

$                -

 

$  1,319,456

 

$        5,975

U.S. Government agency issued residential mortgage-backed securities

88,596 

 

1,751 

 

5,578 

 

82 

 

94,174 

 

1,833 

U.S. Government agency issued commercial mortgage-backed securities

128,763 

 

1,295 

 

13,662 

 

129 

 

142,425 

 

1,424 

Obligations of states and political subdivisions

25,727 

 

1,464 

 

 -

 

 -

 

25,727 

 

1,464 

Total

$  1,562,542

 

$      10,485

 

$      19,240

 

$           211

 

$  1,581,782

 

$      10,696









 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



December 31, 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)

U.S. Government agencies

$  1,082,573

 

$        6,065

 

$                -

 

$                -

 

$  1,082,573

 

$        6,065

U.S. Government agency issued residential mortgage-backed securities

71,599 

 

1,783 

 

15,375 

 

115 

 

86,974 

 

1,898 

U.S. Government agency issued commercial mortgage-backed securities

129,940 

 

1,084 

 

14,385 

 

125 

 

144,325 

 

1,209 

Obligations of states and political subdivisions

46,798 

 

2,151 

 

 -

 

 -

 

46,798 

 

2,151 

Total

$  1,330,910

 

$      11,083

 

$      29,760

 

$           240

 

$  1,360,670

 

$      11,323