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INVESTMENTS IN DEBT AND EQUITY SECURITIES (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale Securities [Table Text Block]
The amortized cost, contractual maturity, gross unrealized gains and losses and fair value of investment securities available for sale at December 31, 2014 and 2013 were as follows:
 
Maturity
 
Total Amortized Cost
 
Gross Unrealized
 
 
 
Weighted Average Yield
(dollars in thousands)
1 Year
or Less
 
1-5
Years
 
5-10
Years
 
After 10 Years
 
 
Gains
 
Losses
 
Fair
Value
 
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored agencies
$

 
29,942

 
20,119

 
180,098

 
230,159

 
2,129

 
(557
)
 
231,731

 
1.39
%
Residential mortgage-backed
269

 
65,433

 
48,174

 
885,896

 
999,772

 
14,189

 
(6,117
)
 
1,007,844

 
2.39

Commercial mortgage-backed

 
779

 

 

 
779

 
58

 

 
837

 
4.95

State and political subdivisions
863

 
571

 

 
28,371

 
29,805

 
33

 
(223
)
 
29,615

 
1.05

Corporate notes
27,382

 
72,959

 
70,990

 

 
171,331

 
2,759

 
(395
)
 
173,695

 
2.75

Equity investments

 

 

 
2,000

 
2,000

 

 
(33
)
 
1,967

 
2.15

Total
$
28,514

 
169,684

 
139,283

 
1,096,365

 
1,433,846

 
19,168

 
(7,325
)
 
1,445,689

 
2.25

Fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt securities
$
28,901

 
172,561

 
140,717

 
1,101,543

 
 
 
 
 
 
 
 
 
 
Equity securities

 

 

 
1,967

 
 
 
 
 
 
 
 
 
 
Total
$
28,901

 
172,561

 
140,717

 
1,103,510

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average yield
2.64
%
 
1.97
%
 
2.58
%
 
2.23
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored agencies
$
8,450

 
40,243

 
88,666

 
135,679

 
273,038

 
3,525

 
(664
)
 
275,899

 
1.34
%
Residential mortgage-backed

 
43,943

 
115,731

 
951,454

 
1,111,128

 
12,873

 
(18,214
)
 
1,105,787

 
2.32

Commercial mortgage-backed

 

 
793

 

 
793

 
63

 

 
856

 
4.94

State and political subdivisions
1,369

 
2,035

 
200

 
28,432

 
32,036

 
81

 
(560
)
 
31,557

 
1.26

Corporate notes
4,980

 
140,575

 
45,132

 

 
190,687

 
5,777

 
(261
)
 
196,203

 
2.69

Equity investments

 

 

 
1,500

 
1,500

 

 
(57
)
 
1,443

 
2.17

Total
$
14,799

 
226,796

 
250,522

 
1,117,065

 
1,609,182

 
22,319

 
(19,756
)
 
1,611,745

 
2.18

Fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt securities
$
14,927

 
233,338

 
250,860

 
1,111,177

 
 
 
 
 
 
 
 
 
 
Equity securities

 

 

 
1,443

 
 
 
 
 
 
 
 
 
 
Total
$
14,927

 
233,338

 
250,860

 
1,112,620

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average yield
2.17
%
 
2.23
%
 
1.81
%
 
2.24
%
 
 
 
 
 
 
 
 
 
 
Held-to-maturity Securities [Table Text Block]
The amortized cost, contractual maturity, gross unrealized gains and losses and fair value of investment securities held to maturity at December 31, 2014 and 2013 were as follows:
 
Maturity
 
Total Amortized Cost
 
Gross Unrealized
 
 
 
Weighted Average Yield
(dollars in thousands)
1 Year
or Less
 
1-5
Years
 
5-10
Years
 
After 10 Years
 
 
Gains
 
Losses
 
Fair
Value
 
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored agencies
$

 

 
10,725

 

 
10,725

 
42

 

 
10,767

 
1.25
%
Residential mortgage-backed

 
105,660

 
50,512

 
448,905

 
605,077

 
1,931

 
(5,782
)
 
601,226

 
1.86

State and political subdivisions
561

 
335

 
489

 
961

 
2,346

 
1

 
(68
)
 
2,279

 
1.68

Total
$
561

 
105,995

 
61,726

 
449,866

 
618,148

 
1,974

 
(5,850
)
 
614,272

 
1.85

Fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt securities
$
561

 
106,147

 
62,000

 
445,564

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average yield
3.07
%
 
1.88
%
 
1.13
%
 
1.94
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Carrying value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored agencies
$

 

 
16,119

 

 
16,119

 

 
(153
)
 
15,966

 
1.14
%
Residential mortgage-backed

 
16,327

 
182,933

 
522,504

 
721,764

 
441

 
(21,206
)
 
700,999

 
1.88

State and political subdivisions
640

 
575

 
55

 
1,033

 
2,303

 
2

 
(87
)
 
2,218

 
1.93

Total
$
640

 
16,902

 
199,107

 
523,537

 
740,186

 
443

 
(21,446
)
 
719,183

 
1.86

Fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt securities
$
642

 
16,926

 
195,647

 
505,968

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average yield
3.32
%
 
2.20
%
 
1.53
%
 
1.97
%
 
 
 
 
 
 
 
 
 
 
Schedule of Realized Gain (Loss) [Table Text Block]
Gross realized gains and gross realized losses on investment securities for the years ended December 31, 2014, 2013 and 2012 were as follows:
(dollars in thousands)
2014
 
2013
 
2012
Gross realized gains on sales of available-for-sale securities
$
5,063

 
802

 
1,675

Gross realized losses on sales of available-for-sale securities
(3,374
)
 
(354
)
 
(374
)
Other-than-temporary impairment
(3
)
 
(412
)
 
(2
)
Gross realized gains on calls of investment securities

 

 
7

Net realized gain on investment securities
$
1,686

 
36

 
1,306

Schedule of Unrealized Loss on Investments [Table Text Block]
Gross unrealized losses on investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2014 and 2013, were as follows:
 
Less than 12 months
 
12 months or more
 
Total
(dollars in thousands)
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
 
Fair
Value
 
Unrealized
Losses
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
Available for sale:
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored agencies
$
79,207

 
(427
)
 
14,600

 
(130
)
 
93,807

 
(557
)
Residential mortgage-backed
204,378

 
(1,154
)
 
191,644

 
(4,963
)
 
396,022

 
(6,117
)
State and political subdivisions
28,148

 
(223
)
 

 

 
28,148

 
(223
)
Corporate notes
9,650

 
(350
)
 
4,955

 
(45
)
 
14,605

 
(395
)
Equity investments
1,967

 
(33
)
 

 

 
1,967

 
(33
)
Total
$
323,350

 
(2,187
)
 
211,199

 
(5,138
)
 
534,549

 
(7,325
)
 
 
 
 
 
 
 
 
 
 
 
 
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage-backed
$
28,371

 
(112
)
 
325,820

 
(5,670
)
 
354,191

 
(5,782
)
State and political subdivisions
641

 
(3
)
 
896

 
(65
)
 
1,537

 
(68
)
Total:
$
29,012

 
(115
)
 
326,716

 
(5,735
)
 
355,728

 
(5,850
)
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
Available for sale:
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored agencies
$
16,005

 
(664
)
 

 

 
16,005

 
(664
)
Residential mortgage-backed
511,617

 
(18,119
)
 
5,473

 
(95
)
 
517,090

 
(18,214
)
State and political subdivisions
27,872

 
(560
)
 

 

 
27,872

 
(560
)
Corporate notes
9,959

 
(41
)
 
4,780

 
(220
)
 
14,739

 
(261
)
Equity investments
1,443

 
(57
)
 

 

 
1,443

 
(57
)
Total
$
566,896

 
(19,441
)
 
10,253

 
(315
)
 
577,149

 
(19,756
)
 
 
 
 
 
 
 
 
 
 
 
 
Held to maturity:
 
 
 
 
 
 
 
 
 
 
 
U.S. Government sponsored agencies
$
15,966

 
(153
)
 

 

 
15,966

 
(153
)
Residential mortgage-backed
644,700

 
(20,759
)
 
10,527

 
(447
)
 
655,227

 
(21,206
)
State and political subdivisions
946

 
(87
)
 

 

 
946

 
(87
)
Total:
$
661,612

 
(20,999
)
 
10,527

 
(447
)
 
672,139

 
(21,446
)