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Securities (Tables)
3 Months Ended
Mar. 31, 2020
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, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

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

 

$

107,750

 

 

 

1,676

 

 

 

223

 

 

$

109,203

 

 

$

98,320

 

 

$

652

 

 

$

300

 

 

$

98,672

 

Municipal obligations

 

 

241,050

 

 

 

8,643

 

 

 

 

 

 

249,693

 

 

 

242,016

 

 

 

7,789

 

 

 

 

 

 

249,805

 

Residential mortgage-backed securities

 

 

2,061,777

 

 

 

62,764

 

 

 

10

 

 

 

2,124,531

 

 

 

1,910,909

 

 

 

20,268

 

 

 

7,020

 

 

 

1,924,157

 

Commercial mortgage-backed securities

 

 

1,648,643

 

 

 

94,268

 

 

 

105

 

 

 

1,742,806

 

 

 

1,570,765

 

 

 

19,880

 

 

 

4,178

 

 

 

1,586,467

 

Collateralized mortgage obligations

 

 

641,855

 

 

 

17,712

 

 

 

 

 

 

659,567

 

 

 

807,600

 

 

 

3,757

 

 

 

3,142

 

 

 

808,215

 

Corporate debt securities

 

 

8,000

 

 

 

218

 

 

 

22

 

 

 

8,196

 

 

 

8,000

 

 

 

21

 

 

 

33

 

 

 

7,988

 



 

$

4,709,075

 

 

$

185,281

 

 

$

360

 

 

$

4,893,996

 

 

$

4,637,610

 

 

$

52,367

 

 

$

14,673

 

 

$

4,675,304

 

 

Amortized Cost and Fair Value of Securities Held to Maturity

 

 

March 31, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

Gross

 

 

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

 

 

$

3

 

 

$

 

 

$

50,003

 

Municipal obligations

 

 

627,185

 

 

 

29,093

 

 

 

20

 

 

 

656,258

 

 

 

641,019

 

 

 

27,146

 

 

 

69

 

 

 

668,096

 

Residential mortgage-backed securities

 

 

28,236

 

 

 

1,309

 

 

 

 

 

 

29,545

 

 

 

29,687

 

 

 

883

 

 

 

 

 

 

30,570

 

Commercial mortgage-backed securities

 

 

538,865

 

 

 

41,782

 

 

 

 

 

 

580,647

 

 

 

539,371

 

 

 

12,474

 

 

 

581

 

 

 

551,264

 

Collateralized mortgage obligations

 

 

286,208

 

 

 

9,921

 

 

 

2

 

 

 

296,127

 

 

 

307,932

 

 

 

3,597

 

 

 

458

 

 

 

311,071

 



 

$

1,480,494

 

 

$

82,105

 

 

$

22

 

 

$

1,562,577

 

 

$

1,568,009

 

 

$

44,103

 

 

$

1,108

 

 

$

1,611,004

 

 

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

 

$

14,698

 

 

$

14,850

 

Due after one year through five years

 

 

135,349

 

 

 

141,030

 

Due after five years through ten years

 

 

1,765,040

 

 

 

1,865,926

 

Due after ten years

 

 

2,793,988

 

 

 

2,872,190

 

Total available for sale debt securities

 

$

4,709,075

 

 

$

4,893,996

 

 

Securities with Unrealized Losses

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

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

 

$

7,807

 

 

$

223

 

 

$

 

 

$

 

 

$

7,807

 

 

$

223

 

Municipal obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

 

714

 

 

 

5

 

 

 

1,688

 

 

 

5

 

 

 

2,402

 

 

 

10

 

Commercial mortgage-backed securities

 

 

25,196

 

 

 

105

 

 

 

 

 

 

 

 

 

25,196

 

 

 

105

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

778

 

 

 

22

 

 

 

 

 

 

 

 

 

778

 

 

 

22

 



 

$

34,495

 

 

$

355

 

 

$

1,688

 

 

$

5

 

 

$

36,183

 

 

$

360

 

 

Available for Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

 

$

28,235

 

 

 

300

 

 

$

 

 

$

 

 

$

28,235

 

 

$

300

 

Municipal obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential mortgage-backed securities

 

 

420,066

 

 

 

5,042

 

 

 

399,787

 

 

 

1,978

 

 

 

819,853

 

 

 

7,020

 

Commercial mortgage-backed securities

 

 

458,855

 

 

 

3,971

 

 

 

14,896

 

 

 

207

 

 

 

473,751

 

 

 

4,178

 

Collateralized mortgage obligations

 

 

89,689

 

 

 

1,315

 

 

 

184,389

 

 

 

1,827

 

 

 

274,078

 

 

 

3,142

 

Corporate debt securities

 

 

1,467

 

 

 

33

 

 

 

 

 

 

 

 

 

1,467

 

 

 

33

 



 

$

998,312

 

 

$

10,661

 

 

$

599,072

 

 

$

4,012

 

 

$

1,597,384

 

 

$

14,673

 

 

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

 

$

 

 

$

 

Due after one year through five years

 

 

136,494

 

 

 

141,840

 

Due after five years through ten years

 

 

668,437

 

 

 

718,740

 

Due after ten years

 

 

675,563

 

 

 

701,997

 

Total held to maturity securities

 

$

1,480,494

 

 

$

1,562,577

 

 

Securities with Unrealized Losses

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

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

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Municipal obligations

 

 

 

 

 

 

 

 

2,894

 

 

 

20

 

 

 

2,894

 

 

 

20

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

1,287

 

 

 

2

 

 

 

1,287

 

 

 

2

 



 

$

 

 

$

 

 

$

4,181

 

 

$

22

 

 

$

4,181

 

 

$

22

 

 

Held to maturity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 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

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Municipal obligations

 

 

4,735

 

 

 

38

 

 

 

3,143

 

 

 

31

 

 

 

7,878

 

 

 

69

 

Residential mortgage-backed securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial mortgage-backed securities

 

 

28,426

 

 

 

581

 

 

 

 

 

 

 

 

 

28,426

 

 

 

581

 

Collateralized mortgage obligations

 

 

 

 

 

 

 

 

49,110

 

 

 

458

 

 

 

49,110

 

 

 

458

 



 

$

33,161

 

 

$

619

 

 

$

52,253

 

 

$

489

 

 

$

85,414

 

 

$

1,108