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Investments (Tables)
 3 Months Ended
Mar. 31, 2014
Investments [Abstract]  
Unrealized Gain (Loss) On Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

unrealized

 

unrealized

 

Fair

March 31, 2014

 

cost

 

gains

 

losses

 

value

Equity securities

 

$
1,472 

 

$
544 

 

$

 -

 

$
2,016 

U.S. Government agency securities

 

 
14,547 

 

 
88 

 

 
(96)

 

 
14,539 

Municipal securities

 

 
55,531 

 

 
1,568 

 

 
(976)

 

 
56,123 

Corporate debt securities

 

 
1,001 

 

 
1 

 

 

 -

 

 
1,002 

Trust preferred securities

 

 
5,928 

 

 

 -

 

 
(833)

 

 
5,095 

Agency mortgage-backed securities

 

 
80,500 

 

 
826 

 

 
(444)

 

 
80,882 

Private-label mortgage-backed securities

 

 
1,918 

 

 
48 

 

 
(44)

 

 
1,922 

Asset-backed securities

 

 
50 

 

 

 -

 

 
(3)

 

 
47 

 

 

$
160,947 

 

$
3,075 

 

$
(2,396)

 

$
161,626 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

unrealized

 

unrealized

 

Fair

December 31, 2013

 

cost

 

gains

 

losses

 

value

Equity securities

 

$
1,472 

 

$
499 

 

$
(1)

 

$
1,970 

U.S. Government agency securities

 

 
11,771 

 

 
94 

 

 
(114)

 

 
11,751 

Municipal securities

 

 
56,861 

 

 
1,400 

 

 
(1,404)

 

 
56,857 

Corporate debt securities

 

 
1,002 

 

 

 -

 

 
(1)

 

 
1,001 

Trust preferred securities

 

 
5,922 

 

 

 -

 

 
(871)

 

 
5,051 

Agency mortgage-backed securities

 

 
81,352 

 

 
726 

 

 
(1,051)

 

 
81,027 

Private-label mortgage-backed securities

 

 
1,984 

 

 
16 

 

 
(31)

 

 
1,969 

Asset-backed securities

 

 
51 

 

 

 -

 

 
(3)

 

 
48 

 

 

$
160,415 

 

$
2,735 

 

$
(3,476)

 

$
159,674 

 

Amortized Cost And Fair Value Of Debt Securities, By Contractual Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Amorized cost

 

Fair value

Due in one year or less

$
1,446 

 

$
1,458 

Due after one year through five years

 
13,149 

 

 
13,676 

Due after five years through ten years

 
26,751 

 

 
26,868 

Due after ten years

 
35,711 

 

 
34,804 

 

 
77,057 

 

 
76,806 

Mortgage-backed securities

 
82,418 

 

 
82,804 

 

$
159,475 

 

$
159,610 

 

Schedule Of Trust Preferred Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deal Name

 

Single Issuer or Pooled

 

Class

 

Amortized Cost

 

Fair Value

 

Gross Unrealized Gain (Loss)

 

Lowest Credit Rating Assigned

 

Number of Banks Currently Performing

 

Deferrals and Defaults as % of Original Collateral

 

Expected Deferral/ Defaults as a Percentage of Remaining Performing Collateral

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Huntington Cap Trust

 

Single

 

Preferred Stock

 

$
937 

 

$
811 

 

$
(126)

 

BB+

 

1

 

None

 

None

Huntington Cap Trust II

 

Single

 

Preferred Stock

 

 
886 

 

 
780 

 

 
(106)

 

BB+

 

1

 

None

 

None

BankAmerica Cap III

 

Single

 

Preferred Stock

 

 
961 

 

 
795 

 

 
(166)

 

BB+

 

1

 

None

 

None

Wachovia Cap Trust II

 

Single

 

Preferred Stock

 

 
276 

 

 
245 

 

 
(31)

 

BBB+

 

1

 

None

 

None

Corestates Captl Tr II

 

Single

 

Preferred Stock

 

 
933 

 

 
830 

 

 
(103)

 

BBB+

 

1

 

None

 

None

Chase Cap VI JPM

 

Single

 

Preferred Stock

 

 
961 

 

 
830 

 

 
(131)

 

BBB

 

1

 

None

 

None

Fleet Cap Tr V

 

Single

 

Preferred Stock

 

 
974 

 

 
804 

 

 
(170)

 

BB+

 

1

 

None

 

None

 

 

 

 

 

 

$
5,928 

 

$
5,095 

 

$
(833)

 

 

 

 

 

 

 

 

 

Private Label Mortgage Backed Securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Gross 

 

 

 

 

 

 

 

Cumulative

 

 

Origination

 

Amortized

 

Fair

 

Unrealized

 

Collateral

 

Lowest Credit

 

Credit

 

OTTI

Description

 

Date

 

Cost

 

Value

 

Gain (Loss)

 

Type

 

Rating Assigned

 

Support %

 

Charges

RALI 2004-QS4 A7

 

3/1/2004

 

$
157 

 

$
164 

 

$
7 

 

ALT A

 

BBB+

 
12.55 

 

$

 -

MALT 2004-6 7A1

 

6/1/2004

 

 
426 

 

 
446 

 

 
20 

 

ALT A

 

CCC

 
14.26 

 

 

 -

RALI 2005-QS2 A1

 

2/1/2005

 

 
318 

 

 
331 

 

 
13 

 

ALT A

 

C

 
5.82 

 

 
10 

RALI 2006-QS4 A2

 

4/1/2006

 

 
593 

 

 
565 

 

 
(28)

 

ALT A

 

D

 

 -

 

 
293 

GSR 2006-5F 2A1

 

5/1/2006

 

 
94 

 

 
102 

 

 
8 

 

Prime

 

D

 

 -

 

 
15 

RALI 2006-QS8 A1

 

7/28/2006

 

 
330 

 

 
314 

 

 
(16)

 

ALT A

 

D

 

 -

 

 
197 

 

 

 

 

$
1,918 

 

$
1,922 

 

$
4 

 

 

 

 

 

 

 

$
515 

 

Schedule Of Unrealized Loss On Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

 

Less than 12 months

 

12 months or more

 

Total

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government agency securities

$
4,051 

 

$
(37)

 
5 

 

$
5,593 

 

$
(59)

 
11 

 

$
9,644 

 

$
(96)

 
16 

Municipal securities

 
12,526 

 

 
(483)

 
16 

 

 
5,762 

 

 
(493)

 
9 

 

 
18,288 

 

 
(976)

 
25 

Trust preferred securities

 

 -

 

 

 -

 

 -

 

 
5,095 

 

 
(833)

 
7 

 

 
5,095 

 

 
(833)

 
7 

Agency mortgage-backed securities

 
31,497 

 

 
(358)

 
29 

 

 
3,371 

 

 
(86)

 
4 

 

 
34,868 

 

 
(444)

 
33 

Private-label mortgage-backed securities

 

 -

 

 

 -

 

 -

 

 
879 

 

 
(44)

 
2 

 

 
879 

 

 
(44)

 
2 

Asset-backed securities

 

 -

 

 

 -

 

 -

 

 
5 

 

 
(3)

 
1 

 

 
5 

 

 
(3)

 
1 

Total temporarily impaired securities

$
48,074 

 

$
(878)

 
50 

 

$
20,705 

 

$
(1,518)

 
34 

 

$
68,779 

 

$
(2,396)

 
84 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

Less than 12 months

 

12 months or more

 

Total

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

 

Fair

 

Unrealized

 

 

(Dollars in thousands)

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

Value

 

Losses

 

Count

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

$
22 

 

$
(1)

 
1 

 

$

 -

 

$

 -

 

 -

 

$
22 

 

$
(1)

 
1 

U.S. Government agency securities

 
3,971 

 

 
(85)

 
7 

 

 
3,807 

 

 
(29)

 
7 

 

 
7,778 

 

 
(114)

 
14 

Municipal securities

 
16,770 

 

 
(1,022)

 
24 

 

 
3,160 

 

 
(382)

 
4 

 

 
19,930 

 

 
(1,404)

 
28 

Corporate debt securities

 

 -

 

 

 -

 

 -

 

 
1,001 

 

 
(1)

 
1 

 

 
1,001 

 

 
(1)

 
1 

Trust preferred securities

 

 -

 

 

 -

 

 -

 

 
5,051 

 

 
(871)

 
7 

 

 
5,051 

 

 
(871)

 
7 

Agency mortgage-backed securities

 
40,395 

 

 
(999)

 
38 

 

 
2,213 

 

 
(52)

 
4 

 

 
42,608 

 

 
(1,051)

 
42 

Private-label mortgage-backed securities

 

 -

 

 

 -

 

 -

 

 
911 

 

 
(31)

 
2 

 

 
911 

 

 
(31)

 
2 

Asset-backed securities

 

 -

 

 

 -

 

 -

 

 
48 

 

 
(3)

 
3 

 

 
48 

 

 
(3)

 
3 

Total temporarily impaired securities

$
61,158 

 

$
(2,107)

 
70 

 

$
16,191 

 

$
(1,369)

 
28 

 

$
77,349 

 

$
(3,476)

 
98