XML 20 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2015
Investment Securities  
Schedule of amortized cost and fair value of investment securities held to maturity

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

 

June 30, 2015:

 

 

 

 

 

 

 

 

 

State and municipal obligations

 

$
9,659 

 

$
455 

 

$

—

 

$
10,114 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014:

 

 

 

 

 

 

 

 

 

State and municipal obligations

 

$
9,659 

 

$
574 

 

$

—

 

$
10,233 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014:

 

 

 

 

 

 

 

 

 

State and municipal obligations

 

$
10,389 

 

$
669 

 

$

—

 

$
11,058 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of amortized cost and fair value of investment securities available for sale

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

 

June 30, 2015:

 

 

 

 

 

 

 

 

 

Government-sponsored entities debt *

 

$
132,071

 

$
140

 

$
(1,376

)
130,835

 

State and municipal obligations

 
133,921

 
3,199

 
(421

)
136,699

 

Mortgage-backed securities **

 
566,625

 
5,740

 
(1,443

)
570,922

 

Corporate stocks

 
3,161

 
497

 
(453

)
3,205

 

 

 

 

 

 

 

 

 

 

 

 

 

$
835,778

 

$
9,576

 

$
(3,693

)

$
841,661

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014:

 

 

 

 

 

 

 

 

 

Government-sponsored entities debt *

 

$
149,720

 

$
191

 

$
(1,714

)

$
148,197

 

State and municipal obligations

 
133,635

 
4,141

 
(195

)
137,581

 

Mortgage-backed securities **

 
511,414

 
7,572

 
(1,040

)
517,946

 

Corporate stocks

 
3,161

 
573

 
(692

)
3,042

 

 

 

 

 

 

 

 

 

 

 

 

 

$
797,930

 

$
12,477

 

$
(3,641

)

$
806,766

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014:

 

 

 

 

 

 

 

 

 

Government-sponsored entities debt *

 

$
142,310

 

$
303

 

$
(3,086

)
139,527

 

State and municipal obligations

 
140,075

 
3,366

 
(593

)
142,848

 

Mortgage-backed securities **

 
503,212

 
7,910

 
(1,428

)
509,694

 

Corporate stocks

 
3,161

 
590

 
(79

)
3,672

 

 

 

 

 

 

 

 

 

 

 

 

 

$
788,758

 

$
12,169

 

$
(5,186

)

$
795,741

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* - The Company’s government-sponsored entities holdings are comprised of debt securities offered by Federal Home Loan Mortgage Corporation (“FHLMC”) or Freddie Mac, Federal National Mortgage Association (“FNMA”) or Fannie Mae, FHLB, and Federal Farm Credit Banks (“FFCB”).  Also included in the Company’s government-sponsored entities are debt securities offered by the Small Business Administration (“SBA”), which have the full faith and credit backing of the United States Government.

** - All of the mortgage-backed securities are issued by government-sponsored entities; there are no private-label holdings.

Schedule of amortized cost and fair value of other investment securities

 

 

 

 

 

Gross

 

Gross

 

 

 

 

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

 

(Dollars in thousands)

 

Cost

 

Gains

 

Losses

 

Value

 

June 30, 2015:

 

 

 

 

 

 

 

 

 

Federal Home Loan Bank stock

 

$
7,389 

 

$

—

 

$

—

 

$
7,389 

 

Investment in unconsolidated subsidiaries

 
1,642 

 

—

 

—

 
1,642 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
9,031 

 

$

—

 

$

—

 

$
9,031 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014:

 

 

 

 

 

 

 

 

 

Federal Home Loan Bank stock

 

$
7,484 

 

$

—

 

$

—

 

$
7,484 

 

Investment in unconsolidated subsidiaries

 
3,034 

 

—

 

—

 
3,034 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
10,518 

 

$

—

 

$

—

 

$
10,518 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014:

 

 

 

 

 

 

 

 

 

Federal Home Loan Bank stock

 

$
7,484 

 

$

—

 

$

—

 

$
7,484 

 

Investment in unconsolidated subsidiaries

 
3,034 

 

—

 

—

 
3,034 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
10,518 

 

$

—

 

$

—

 

$
10,518 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of amortized cost and fair value of debt securities by contractual maturity

 

The amortized cost and fair value of debt securities at June 30, 2015 by contractual maturity are detailed below.

 

 

 

Securities

 

Securities

 

 

 

Held to Maturity

 

Available for Sale

 

 

 

Amortized

 

Fair

 

Amortized

 

Fair

 

(Dollars in thousands)

 

Cost

 

Value

 

Cost

 

Value

 

Due in one year or less

 

$
640 

 

$
655 

 

$
6,532 

 

$
6,579 

 

Due after one year through five years

 
820 

 
855 

 
58,740 

 
59,191 

 

Due after five years through ten years

 
8,199 

 
8,604 

 
219,093 

 
220,843 

 

Due after ten years

 

—

 

—

 
551,413 

 
555,048 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
9,659 

 

$
10,114 

 

$
835,778 

 

$
841,661 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position

 

 

 

Less Than Twelve Months

 

Twelve Months or More

 

 

 

Gross

 

 

 

Gross

 

 

 

 

 

Unrealized

 

Fair

 

Unrealized

 

Fair

 

(Dollars in thousands)

 

Losses

 

Value

 

Losses

 

Value

 

June 30, 2015:

 

 

 

 

 

 

 

 

 

Securities Available for Sale

 

 

 

 

 

 

 

 

 

Government-sponsored entities debt

 

$
513 

 

$
47,096 

 

$
863 

 

$
32,112 

 

State and municipal obligations

 
203 

 
21,044 

 
218 

 
4,162 

 

Mortgage-backed securities

 
971 

 
123,935 

 
472 

 
22,240 

 

Corporate Stocks

 

—

 

—

 
453 

 
1,779 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
1,687 

 

$
192,075 

 

$
2,006 

 

$
60,293 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014:

 

 

 

 

 

 

 

 

 

Securities Available for Sale

 

 

 

 

 

 

 

 

 

Government-sponsored entities debt

 

$
98 

 

$
22,896 

 

$
1,616 

 

$
82,798 

 

State and municipal obligations

 
3 

 
1,444 

 
192 

 
8,269 

 

Mortgage-backed securities

 
266 

 
61,508 

 
774 

 
55,960 

 

Corporate stocks

 

—

 

—

 
692 

 
1,538 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
367 

 

$
85,848 

 

$
3,274 

 

$
148,565 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2014:

 

 

 

 

 

 

 

 

 

Securities Available for Sale

 

 

 

 

 

 

 

 

 

Government-sponsored entities debt

 

$
3 

 

$
8,491 

 

$
3,083 

 

$
82,145 

 

State and municipal obligations

 
14 

 
7,546 

 
579 

 
35,623 

 

Mortgage-backed securities

 
234 

 
82,939 

 
1,194 

 
63,403 

 

Corporate stocks

 
79 

 
2,152 

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

$
330 

 

$
101,128 

 

$
4,856 

 

$
181,171