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





 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

September 30, 2017



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



(In thousands)

U.S. Government agencies

 

$   1,693,102

 

$           268

 

$        6,184

 

$   1,687,186

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

 

157,868 

 

1,288 

 

1,265 

 

157,891 

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

 

153,157 

 

1,400 

 

1,048 

 

153,509 

Obligations of states and political subdivisions

 

316,374 

 

14,032 

 

2,092 

 

328,314 

FHLB and other securities

 

32,791 

 

276 

 

 -

 

33,067 

Total

 

$   2,353,292

 

$      17,264

 

$      10,589

 

$   2,359,967







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

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









 

 

 

 

 

 

 

 



 

September 30, 2016



 

 

 

Gross

 

Gross

 

Estimated



 

Amortized

 

Unrealized

 

Unrealized

 

Fair



 

Cost

 

Gains

 

Losses

 

Value



 

(In thousands)

U.S. Government agencies

 

$   1,686,637

 

$        5,330

 

$           101

 

$   1,691,866

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

 

181,307 

 

2,887 

 

99 

 

184,095 

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

 

175,078 

 

3,831 

 

82 

 

178,827 

Obligations of states and political subdivisions

 

366,039 

 

21,871 

 

2,915 

 

384,995 

FHLB and other securities

 

27,388 

 

1,028 

 

 -

 

28,416 

Total

 

$   2,436,449

 

$      34,947

 

$        3,197

 

$   2,468,199



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



 

 

 

 

 

 

 



 

 

 

 

 

 

 



 

September 30, 2017



 

 

 

Estimated

 

Weighted



 

Amortized

 

Fair

 

Average



 

Cost

 

Value

 

Yield



 

(Dollars in thousands)

Maturing in one year or less

 

$      595,396

 

$      595,218

 

1.21 

%

Maturing after one year through five years

 

1,170,245 

 

1,165,247 

 

1.40 

 

Maturing after five years through ten years

 

60,417 

 

61,041 

 

5.94 

 

Maturing after ten years

 

216,209 

 

227,061 

 

5.13 

 

Mortgage-backed securities

 

311,025 

 

311,400 

 

2.18 

 

Total

 

$   2,353,292

 

$   2,359,967

 

 

 



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





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



September 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

$  1,013,354

 

$        3,213

 

$    335,579

 

$        2,971

 

$  1,348,933

 

$        6,184

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

45,264 

 

365 

 

34,636 

 

900 

 

79,900 

 

1,265 

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

89,351 

 

684 

 

34,176 

 

364 

 

123,527 

 

1,048 

Obligations of states and political subdivisions

8,048 

 

21 

 

7,828 

 

2,071 

 

15,876 

 

2,092 

Total

$  1,156,017

 

$        4,283

 

$    412,219

 

$        6,306

 

$  1,568,236

 

$      10,589









 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



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