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Investment Securities Held-to-Maturity (Tables)
9 Months Ended
Sep. 30, 2012
Securities Available-for-Sale and Investment Securities Held-to-Maturity [Abstract]  
Unrealized gain (losses) on securities
                                                                 
    September 30, 2012     December 31, 2011  
    Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Estimated
Fair
Value
    Amortized
Cost
    Gross
Unrealized
Gains
    Gross
Unrealized
Losses
    Estimated
Fair
Value
 
    (In thousands)  

U.S. Government Sponsored Enterprises

  $ 7,745     $ 42     $ —       $ 7,787     $ 26,979     $ 36     $ 2     $ 27,013  

U.S. Government Agency and Sponsored Enterprises Mortgage Backed Securities

    276,745       6,414       165       282,994       152,389       5,435       15       157,809  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 284,490     $ 6,456     $ 165     $ 290,781     $ 179,368     $ 5,471     $ 17     $ 184,822  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Company's securities held-to-maturity

The following table shows the maturity distribution of the Company’s securities held-to-maturity at September 30, 2012.

 

                 
    Amortized
Cost
    Fair
Value
 
    ( In thousands)  

Within one year

  $ 19,167     $ 19,356  

After one but within five years

    227,971       233,077  

After five but within ten years

    37,076       38,061  

More than ten years

    276       287  
   

 

 

   

 

 

 

Total

  $ 284,490     $ 290,781  
   

 

 

   

 

 

 
Unrealized market loss of securities

The following table shows the temporarily impaired securities of the Company’s held-to-maturity portfolio at September 30, 2012. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for 12 months or less and a continuous loss position for 12 months and longer. There are 3 and 1 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 98 holdings at September 30, 2012.

 

                                                 
    September 30, 2012  
    Less Than 12 Months     12 Months or Longer     Total  

Temporarily Impaired Investments

  Fair Value     Unrealized
Losses
    Fair Value     Unrealized
Losses
    Fair Value     Unrealized
Losses
 
    (Dollars in thousands)  

U.S. Government Sponsored Enterprises

  $ —       $ —       $ —       $ —       $ —       $ —    

U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities

    19,030       143       5,370       22       24,400       165  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 19,030     $ 143     $ 5,370     $ 22     $ 24,400     $ 165  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

The following table shows the temporarily impaired securities of the Company’s held-to-maturity portfolio at December 31, 2011. This table shows the unrealized market loss of securities that have been in a continuous unrealized loss position for 12 months or less and a continuous loss position for 12 months and longer. There are 2 and 0 securities that are temporarily impaired for less than 12 months and for 12 months or longer, respectively, out of a total of 92 holdings at December 31, 2011.

 

                                                 
    December 31, 2011  
    Less Than 12 Months     12 Months or Longer     Total  

Temporarily Impaired Investments

  FairValue     Unrealized
Losses
    Fair Value     Unrealized
Losses
    Fair Value     Unrealized
Losses
 
    ( In thousands)  

U.S. Government Sponsored Enterprises

  $ 4,994     $ 2     $ —       $ —       $ 4,994     $ 2  

U.S. Government Agency and Sponsored Enterprise Mortgage-Backed Securities

    5,367       15       —         —         5,367       15  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total temporarily impaired securities

  $ 10,361     $ 17     $ —       $ —       $ 10,361     $ 17