XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.2
Investment Securities (Tables)
6 Months Ended
Jun. 30, 2019
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, 2019:

​

​

​

​

​

​

​

​

​

​

​

​

​

State and municipal obligations

​

$

—

​

$

—

​

$

—

​

$

—

​

December 31, 2018:

​

​

​

​

​

​

​

​

​

​

​

​

​

State and municipal obligations

​

$

—

​

$

—

​

$

—

​

$

—

​

June 30, 2018:

​

​

​

​

​

​

​

​

​

​

​

​

​

State and municipal obligations

​

$

499

​

$

4

​

$

—

​

$

503

​

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, 2019:

​

​

​

​

​

​

​

​

​

​

​

​

​

Government-sponsored entities debt*

​

$

65,604

​

$

933

​

$

(8)

​

$

66,529

​

State and municipal obligations

​

 

177,533

​

 

4,614

​

 

(1)

​

 

182,146

​

Mortgage-backed securities**

​

 

1,457,544

​

 

13,983

​

 

(2,926)

​

 

1,468,601

​

​

​

$

1,700,681

​

$

19,530

​

$

(2,935)

​

$

1,717,276

​

December 31, 2018:

​

​

​

​

​

​

​

​

​

​

​

​

​

Government-sponsored entities debt*

​

$

48,982

​

$

21

​

$

(752)

​

$

48,251

​

State and municipal obligations

​

 

200,184

​

 

1,709

​

 

(1,125)

​

 

200,768

​

Mortgage-backed securities**

​

 

1,291,484

​

 

697

​

 

(24,133)

​

 

1,268,048

​

​

​

$

1,540,650

​

$

2,427

​

$

(26,010)

​

$

1,517,067

​

June 30, 2018:

​

​

​

​

​

​

​

​

​

​

​

​

​

Government-sponsored entities debt*

​

$

48,933

​

$

—

​

$

(1,320)

​

$

47,613

​

State and municipal obligations

​

 

223,533

​

 

1,932

​

 

(1,649)

​

 

223,816

​

Mortgage-backed securities**

​

 

1,342,105

​

 

110

​

 

(35,645)

​

 

1,306,570

​

​

​

$

1,614,571

​

$

2,042

​

$

(38,614)

​

$

1,577,999

​

* -  Our 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, Federal Home Loan Bank (“FHLB”), and Federal Farm Credit Banks (“FFCB”).

** - All of the mortgage-backed securities are issued by government-sponsored entities; there are no private-label holdings. Also, included in our mortgage-backed securities are debt securities offered by the Small Business Administration (“SBA”), which have the full faith and credit backing of the United States Government.

Schedule of amortized cost and carrying value of other investment securities

​

​

​

​

​

​

​

​

​

​

​

​

​

Carrying

 

(Dollars in thousands)

    

Value

 

June 30, 2019:

​

​

​

​

Federal Home Loan Bank stock

​

$

43,044

​

Investment in unconsolidated subsidiaries

​

 

3,563

​

Other nonmarketable investment securities

​

 

2,517

​

​

​

$

49,124

​

December 31, 2018:

​

​

​

​

Federal Home Loan Bank stock

​

$

19,524

​

Investment in unconsolidated subsidiaries

​

 

3,563

​

Other nonmarketable investment securities

​

 

2,517

​

​

​

$

25,604

​

June 30, 2018:

​

​

​

​

Federal Home Loan Bank stock

​

$

13,149

​

Investment in unconsolidated subsidiaries

​

 

3,563

​

Other nonmarketable investment securities

​

 

2,517

​

​

​

$

19,229

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

    

$

—

​

$

—

    

$

11,037

    

$

11,038

​

Due after one year through five years

​

 

—

​

 

—

​

 

52,053

​

 

52,764

​

Due after five years through ten years

​

 

—

​

 

—

​

 

402,345

​

 

408,027

​

Due after ten years

​

 

—

​

 

—

​

 

1,235,246

​

 

1,245,447

​

​

​

$

—

​

$

—

​

$

1,700,681

​

$

1,717,276

​

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, 2019:

​

​

​

​

​

​

​

​

​

​

​

​

​

Securities Available for Sale

​

​

​

​

​

​

​

​

​

​

​

​

​

Government-sponsored entities debt

​

$

—

​

$

—

​

$

8

​

$

5,742

​

State and municipal obligations

​

 

—

​

 

1,490

​

 

1

​

 

1,153

​

Mortgage-backed securities

​

 

324

​

 

64,960

​

 

2,602

​

 

330,213

​

​

​

$

324

​

$

66,450

​

$

2,611

​

$

337,108

​

December 31, 2018:

​

​

​

​

​

​

​

​

​

​

​

​

​

Securities Available for Sale

​

​

​

​

​

​

​

​

​

​

​

​

​

Government-sponsored entities debt

​

$

100

​

$

10,571

​

$

652

​

$

32,959

​

State and municipal obligations

​

 

760

​

 

40,387

​

 

365

​

 

14,231

​

Mortgage-backed securities

​

 

5,182

​

 

405,055

​

 

18,951

​

 

755,223

​

​

​

$

6,042

​

$

456,013

​

$

19,968

​

$

802,413

​

June 30, 2018:

​

​

​

​

​

​

​

​

​

​

​

​

​

Securities Available for Sale

​

​

​

​

​

​

​

​

​

​

​

​

​

Government-sponsored entities debt

​

$

1,179

​

$

39,145

​

$

141

​

$

8,468

​

State and municipal obligations

​

 

1,617

​

 

77,373

​

 

32

​

 

1,348

​

Mortgage-backed securities

​

 

21,494

​

 

946,142

​

 

14,151

​

 

331,871

​

​

​

$

24,290

​

$

1,062,660

​

$

14,324

​

$

341,687

​