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Securities (Tables)
6 Months Ended
Jun. 30, 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)

 

June 30, 2019

 

 

December 31, 2018

 

 

 

 

 

 

 

Gross

 

 

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

 

$

80,935

 

 

 

1,078

 

 

 

149

 

 

$

81,864

 

 

$

74,339

 

 

$

 

 

$

2,633

 

 

$

71,706

 

Municipal obligations

 

 

244,600

 

 

 

4,744

 

 

 

3

 

 

 

249,341

 

 

 

246,713

 

 

 

360

 

 

 

6,646

 

 

 

240,427

 

Residential mortgage-backed securities

 

 

1,357,580

 

 

 

16,847

 

 

 

6,776

 

 

 

1,367,651

 

 

 

1,468,912

 

 

 

4,284

 

 

 

29,794

 

 

 

1,443,402

 

Commercial mortgage-backed securities

 

 

919,756

 

 

 

17,199

 

 

 

2,380

 

 

 

934,575

 

 

 

799,060

 

 

 

1,953

 

 

 

30,936

 

 

 

770,077

 

Collateralized mortgage obligations

 

 

152,352

 

 

 

1,463

 

 

 

278

 

 

 

153,537

 

 

 

163,282

 

 

 

903

 

 

 

2,260

 

 

 

161,925

 

Corporate debt securities

 

 

3,500

 

 

 

 

 

 

 

 

 

3,500

 

 

 

3,500

 

 

 

 

 

 

 

 

 

3,500

 



 

$

2,758,723

 

 

$

41,331

 

 

$

9,586

 

 

$

2,790,468

 

 

$

2,755,806

 

 

$

7,500

 

 

$

72,269

 

 

$

2,691,037

 

 

Amortized Cost and Fair Value of Securities Held to Maturity

Securities Held to Maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

June 30, 2019

 

 

December 31, 2018

 

 

 

 

 

 

 

Gross

 

 

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

 

$

50,000

 

 

 

 

 

 

119

 

 

$

49,881

 

 

$

50,000

 

 

$

 

 

$

478

 

 

$

49,522

 

Municipal obligations

 

 

653,105

 

 

 

21,047

 

 

 

86

 

 

 

674,066

 

 

 

688,201

 

 

 

2,347

 

 

 

9,503

 

 

 

681,045

 

Residential mortgage-backed securities

 

 

582,429

 

 

 

9,126

 

 

 

791

 

 

 

590,764

 

 

 

640,393

 

 

 

1,461

 

 

 

6,117

 

 

 

635,737

 

Commercial mortgage-backed securities

 

 

511,138

 

 

 

11,685

 

 

 

619

 

 

 

522,204

 

 

 

357,175

 

 

 

376

 

 

 

10,882

 

 

 

346,669

 

Collateralized mortgage obligations

 

 

1,138,595

 

 

 

7,720

 

 

 

3,829

 

 

 

1,142,486

 

 

 

1,243,778

 

 

 

1,598

 

 

 

22,493

 

 

 

1,222,883

 



 

$

2,935,267

 

 

$

49,578

 

 

$

5,444

 

 

$

2,979,401

 

 

$

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

 

$

190

 

 

$

194

 

Due after one year through five years

 

 

235,774

 

 

 

239,806

 

Due after five years through ten years

 

 

1,178,941

 

 

 

1,198,484

 

Due after ten years

 

 

1,343,818

 

 

 

1,351,984

 

Total available for sale debt securities

 

$

2,758,723

 

 

$

2,790,468

 

 

Securities with Unrealized Losses

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 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

 

$

 

 

$

 

 

$

21,215

 

 

 

149

 

 

$

21,215

 

 

$

149

 

Municipal obligations

 

 

2,292

 

 

 

3

 

 

 

 

 

 

 

 

 

2,292

 

 

 

3

 

Residential mortgage-backed securities

 

 

1

 

 

 

 

 

 

689,726

 

 

 

6,776

 

 

 

689,727

 

 

 

6,776

 

Commercial mortgage-backed securities

 

 

22,112

 

 

 

12

 

 

 

367,211

 

 

 

2,368

 

 

 

389,323

 

 

 

2,380

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

57,800

 

 

 

278

 

 

 

57,800

 

 

 

278

 

Other debt obligation

 

 

700

 

 

 

 

 

 

 

 

 

 

 

 

700

 

 

 

 



 

$

25,105

 

 

$

15

 

 

$

1,135,952

 

 

$

9,571

 

 

$

1,161,057

 

 

$

9,586

 

 

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

 

$

62,394

 

 

$

62,356

 

Due after one year through five years

 

 

92,045

 

 

 

93,495

 

Due after five years through ten years

 

 

1,490,042

 

 

 

1,525,907

 

Due after ten years

 

 

1,290,786

 

 

 

1,297,643

 

Total held to maturity securities

 

$

2,935,267

 

 

$

2,979,401

 

 

Securities with Unrealized Losses

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 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

 

$

 

 

$

 

 

$

49,881

 

 

$

119

 

 

$

49,881

 

 

$

119

 

Municipal obligations

 

 

3,027

 

 

 

27

 

 

 

18,972

 

 

 

59

 

 

 

21,999

 

 

 

86

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

 

177,953

 

 

 

791

 

 

 

177,953

 

 

 

791

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

 

74,946

 

 

 

619

 

 

 

74,946

 

 

 

619

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

467,781

 

 

 

3,829

 

 

 

467,781

 

 

 

3,829

 



 

$

3,027

 

 

$

27

 

 

$

789,533

 

 

$

5,417

 

 

$

792,560

 

 

$

5,444

 

 

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