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Securities (Tables)
3 Months Ended
Mar. 31, 2019
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Securities Available for Sale

 

Securities Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

March 31, 2019

 

 

December 31, 2018

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. Treasury and government agency securities

 

$

73,426

 

 

 

 

 

 

1,283

 

 

$

72,143

 

 

$

74,339

 

 

$

 

 

$

2,633

 

 

$

71,706

 

Municipal obligations

 

 

245,707

 

 

 

1,833

 

 

 

1,600

 

 

 

245,940

 

 

 

246,713

 

 

 

360

 

 

 

6,646

 

 

 

240,427

 

Residential mortgage-backed securities

 

 

1,418,881

 

 

 

9,964

 

 

 

15,813

 

 

 

1,413,032

 

 

 

1,468,912

 

 

 

4,284

 

 

 

29,794

 

 

 

1,443,402

 

Commercial mortgage-backed securities

 

 

798,447

 

 

 

4,594

 

 

 

15,207

 

 

 

787,834

 

 

 

799,060

 

 

 

1,953

 

 

 

30,936

 

 

 

770,077

 

Collateralized mortgage obligations

 

 

158,904

 

 

 

1,212

 

 

 

1,485

 

 

 

158,631

 

 

 

163,282

 

 

 

903

 

 

 

2,260

 

 

 

161,925

 

Corporate debt securities

 

 

3,500

 

 

 

 

 

 

 

 

 

3,500

 

 

 

3,500

 

 

 

 

 

 

 

 

 

3,500

 



 

$

2,698,865

 

 

$

17,603

 

 

$

35,388

 

 

$

2,681,080

 

 

$

2,755,806

 

 

$

7,500

 

 

$

72,269

 

 

$

2,691,037

 

 

Amortized Cost and Fair Value of Securities Held to Maturity

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

Securities Held to Maturity

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

(in thousands)

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

U.S. Treasury and government agency securities

 

$

50,000

 

 

 

 

 

 

317

 

 

$

49,683

 

 

$

50,000

 

 

$

 

 

$

478

 

 

$

49,522

 

Municipal obligations

 

 

676,651

 

 

 

11,247

 

 

 

1,726

 

 

 

686,172

 

 

 

688,201

 

 

 

2,347

 

 

 

9,503

 

 

 

681,045

 

Residential mortgage-backed securities

 

 

613,964

 

 

 

3,701

 

 

 

3,148

 

 

 

614,517

 

 

 

640,393

 

 

 

1,461

 

 

 

6,117

 

 

 

635,737

 

Commercial mortgage-backed securities

 

 

356,919

 

 

 

1,233

 

 

 

3,780

 

 

 

354,372

 

 

 

357,175

 

 

 

376

 

 

 

10,882

 

 

 

346,669

 

Collateralized mortgage obligations

 

 

1,198,908

 

 

 

3,285

 

 

 

14,027

 

 

 

1,188,166

 

 

 

1,243,778

 

 

 

1,598

 

 

 

22,493

 

 

 

1,222,883

 



 

$

2,896,442

 

 

$

19,466

 

 

$

22,998

 

 

$

2,892,910

 

 

$

2,979,547

 

 

$

5,782

 

 

$

49,473

 

 

$

2,935,856

 

 

Available for Sale Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

 

Debt Securities Available for Sale

 

Amortized

 

 

Fair

 

(in thousands)

 

Cost

 

 

Value

 

Due in one year or less

 

$

368

 

 

$

374

 

Due after one year through five years

 

 

107,225

 

 

 

108,866

 

Due after five years through ten years

 

 

1,184,905

 

 

 

1,175,070

 

Due after ten years

 

 

1,406,367

 

 

 

1,396,770

 

Total available for sale debt securities

 

$

2,698,865

 

 

$

2,681,080

 

 

Securities with Unrealized Losses

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 

(in thousands)

 

Fair

Value

 

 

Gross

Unrealized

Losses

 

 

Fair

Value

 

 

Gross

Unrealized

Losses

 

 

Fair

Value

 

 

Gross

Unrealized

Losses

 

U.S. Treasury and government agency securities

 

$

-

 

 

 

-

 

 

 

72,143

 

 

 

1,283

 

 

$

72,143

 

 

$

1,283

 

Municipal obligations

 

 

2,270

 

 

 

40

 

 

 

106,042

 

 

 

1,560

 

 

 

108,312

 

 

 

1,600

 

Residential mortgage-backed securities

 

 

640

 

 

 

6

 

 

 

852,716

 

 

 

15,807

 

 

 

853,356

 

 

 

15,813

 

Commercial mortgage-backed securities

 

 

-

 

 

 

-

 

 

 

583,978

 

 

 

15,207

 

 

 

583,978

 

 

 

15,207

 

Collateralized mortgage obligations

 

 

-

 

 

 

-

 

 

 

108,798

 

 

 

1,485

 

 

 

108,798

 

 

 

1,485

 



 

$

2,910

 

 

$

46

 

 

$

1,723,677

 

 

$

35,342

 

 

$

1,726,587

 

 

$

35,388

 

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

(in thousands)

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury and government agency securities

 

$

 

 

 

 

 

$

71,706

 

 

$

2,633

 

 

$

71,706

 

 

$

2,633

 

Municipal obligations

 

 

41,203

 

 

 

591

 

 

 

170,883

 

 

 

6,054

 

 

 

212,086

 

 

 

6,645

 

Residential mortgage-backed securities

 

 

305,090

 

 

 

2,485

 

 

 

762,826

 

 

 

27,309

 

 

 

1,067,916

 

 

 

29,794

 

Commercial mortgage-backed securities

 

 

96,226

 

 

 

1,851

 

 

 

570,485

 

 

 

29,085

 

 

 

666,711

 

 

 

30,936

 

Collateralized mortgage obligations

 

 

254

 

 

 

1

 

 

 

111,804

 

 

 

2,259

 

 

 

112,058

 

 

 

2,260

 



 

$

442,773

 

 

$

4,928

 

 

$

1,687,704

 

 

$

67,340

 

 

$

2,130,477

 

 

$

72,268

 

 

Held-to-maturity Securities [Member]  
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]  
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity

Debt Securities Held to Maturity

 

Amortized

 

 

Fair

 

(in thousands)

 

Cost

 

 

Value

 

Due in one year or less

 

$

80,915

 

 

$

80,716

 

Due after one year through five years

 

 

67,617

 

 

 

67,418

 

Due after five years through ten years

 

 

1,392,654

 

 

 

1,398,880

 

Due after ten years

 

 

1,355,256

 

 

 

1,345,896

 

Total held to maturity securities

 

$

2,896,442

 

 

$

2,892,910

 

 

Securities with Unrealized Losses

Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 



 

 

 

 

 

Gross

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Gross

 



 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

(in thousands)

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury and government agency securities

 

$

 

 

 

 

 

$

49,682

 

 

$

317

 

 

$

49,682

 

 

$

317

 

Municipal obligations

 

 

8,750

 

 

 

63

 

 

 

169,931

 

 

 

1,663

 

 

 

178,681

 

 

 

1,726

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

 

186,221

 

 

 

3,148

 

 

 

186,221

 

 

 

3,148

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

 

312,296

 

 

 

3,780

 

 

 

312,296

 

 

 

3,780

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

860,183

 

 

 

14,027

 

 

 

860,183

 

 

 

14,027

 



 

$

8,750

 

 

$

63

 

 

$

1,578,313

 

 

$

22,935

 

 

$

1,587,063

 

 

$

22,998

 

Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

Losses < 12 months

 

 

Losses 12 months or >

 

 

Total

 



 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Gross

 

 

 

 

 



 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

 

Fair

 

 

Unrealized

 

(in thousands)

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

U.S. Treasury and government agency securities

 

$

 

 

$

 

 

$

49,521

 

 

$

478

 

 

$

49,521

 

 

$

478

 

Municipal obligations

 

 

233,469

 

 

 

2,256

 

 

 

233,280

 

 

 

7,247

 

 

 

466,749

 

 

 

9,503

 

Residential mortgage-backed securities

 

 

90,730

 

 

 

123

 

 

 

235,251

 

 

 

5,994

 

 

 

325,981

 

 

 

6,117

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

 

305,419

 

 

 

10,882

 

 

 

305,419

 

 

 

10,882

 

Collateralized mortgage obligations

 

 

77,394

 

 

 

281

 

 

 

897,153

 

 

 

22,212

 

 

 

974,547

 

 

 

22,493

 



 

$

401,593

 

 

$

2,660

 

 

$

1,720,624

 

 

$

46,813

 

 

$

2,122,217

 

 

$

49,473