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SECURITIES (Tables)
6 Months Ended
Jun. 30, 2017
SECURITIES [Abstract]  
Amortized Cost And Estimated Fair Values Of Available-For-Sale Securities





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

June 30, 2017



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



(In thousands)

U.S. Government agencies

 

$   1,718,885

 

$           433

 

$        5,944

 

$   1,713,374

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

 

159,617 

 

1,255 

 

1,626 

 

159,246 

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

 

170,129 

 

1,557 

 

1,044 

 

170,642 

Obligations of states and political subdivisions

 

331,251 

 

15,210 

 

1,331 

 

345,130 

FHLB and other securities

 

32,651 

 

252 

 

 -

 

32,903 

Total

 

$   2,412,533

 

$      18,707

 

$        9,945

 

$   2,421,295







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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







 

 

 

 

 

 

 

 



 

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

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

 

177,195 

 

3,066 

 

83 

 

180,178 

U.S. 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 

FHLB and other securities

 

19,173 

 

863 

 

 -

 

20,036 

Total

 

$   2,060,962

 

$      43,025

 

$           104

 

$   2,103,883



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



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

June 30, 2017



 

 

 

Estimated

 

Weighted



 

Amortized

 

Fair

 

Average



 

Cost

 

Value

 

Yield



 

(Dollars in thousands)

Maturing in one year or less

 

$      588,844

 

$      588,532

 

1.14 

%

Maturing after one year through five years

 

1,211,049 

 

1,206,605 

 

1.37 

 

Maturing after five years through ten years

 

55,472 

 

56,682 

 

5.78 

 

Maturing after ten years

 

227,422 

 

239,588 

 

5.49 

 

Mortgage-backed securities

 

329,746 

 

329,888 

 

2.16 

 

Total

 

$   2,412,533

 

$   2,421,295

 

 

 



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





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



June 30, 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

$  1,381,118

 

$        5,944

 

$                -

 

$                -

 

$  1,381,118

 

$        5,944

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

83,628 

 

1,467 

 

7,443 

 

159 

 

91,071 

 

1,626 

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

124,824 

 

937 

 

13,594 

 

107 

 

138,418 

 

1,044 

Obligations of states and political subdivisions

20,425 

 

1,331 

 

 -

 

 -

 

20,425 

 

1,331 

Total

$  1,609,995

 

$        9,679

 

$      21,037

 

$           266

 

$  1,631,032

 

$        9,945









 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



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