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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2012
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Approximate Fair Values of Investment Securities
Gross gains of $351 and gross losses of $3 were realized on the disposition of available-for-sale securities in 2012.
December 31, 2011
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Available-for-Sale
 
 
 
 
Obligations of U.S. government agencies
$
1,134,427

$
4,353

$
(662
)
$
1,138,118

U.S. agency residential mortgage-backed securities &
   collateralized mortgage obligations
848,444

29,567

(14
)
877,997

Private mortgage-backed securities
758

7

(16
)
749

Total
$
1,983,629

$
33,927

$
(692
)
$
2,016,864

December 31, 2011
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Held-to Maturity
 
 
 
 
State, county and municipal securities
$
152,619

$
9,113

$
(17
)
$
161,715

Other securities
162



162

Total
$
152,781

$
9,113

$
(17
)
$
161,877

The amortized cost and approximate fair values of investment securities are summarized as follows:
December 31, 2012
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Available-for-Sale
 
 
 
 
Obligations of U.S. government agencies
$
751,501

$
3,518

$
(163
)
$
754,856

U.S. agency residential mortgage-backed securities &
   collateralized mortgage obligations
1,214,377

27,000

(1,526
)
1,239,851

Private mortgage-backed securities
539

13

(1
)
551

Total
$
1,966,417

$
30,531

$
(1,690
)
$
1,995,258

December 31, 2012
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Held-to Maturity
 
 
 
 
State, county and municipal securities
$
192,875

$
10,835

$
(176
)
$
203,534

Corporate securities
14,975

64

(13
)
15,026

Other securities
373



373

Total
$
208,223

$
10,899

$
(189
)
$
218,933

Gross Unrealized Losses and Fair Values of Investment Securities
The following table shows the gross unrealized losses and fair values of investment securities, aggregated by investment category, and the length of time individual investment securities have been in a continuous unrealized loss position, as of December 31, 2012 and 2011.
 
Less than 12 Months
12 Months or More
Total
December 31, 2012
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Available-for-Sale
 
 
 
 
 
 
Obligations of U.S. government agencies
$
93,982

$
(163
)
$

$

$
93,982

$
(163
)
U.S. agency residential mortgage-backed
   securities & collateralized mortgage
   obligations
250,198

(1,526
)


250,198

(1,526
)
Private mortgage-backed securities


137

(1
)
137

(1
)
Total
$
344,180

$
(1,689
)
$
137

$
(1
)
$
344,317

$
(1,690
)
 
Less than 12 Months
12 Months or More
Total
December 31, 2012
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Held-to-Maturity
 
 
 
 
 
 
State, county and municipal securities
$
19,389

$
(168
)
$
557

$
(8
)
$
19,946

$
(176
)
Corporate securities
9,312

(13
)


9,312

(13
)
Total
$
28,701

(181
)
557

(8
)
29,258

(189
)
 
Less than 12 Months
12 Months or More
Total
December 31, 2011
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Available-for-Sale
 
 
 
 
 
 
Obligations of U.S. government agencies
$
287,404

$
(662
)
$

$

$
287,404

$
(662
)
U.S. agency residential mortgage-backed
   securities & collateralized mortgage
   obligations
45,694

(14
)


45,694

(14
)
Private mortgage-backed securities
246

(10
)
177

(6
)
423

(16
)
Total
$
333,344

$
(686
)
$
177

$
(6
)
$
333,521

$
(692
)
 
Less than 12 Months
12 Months or More
Total
December 31, 2011
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Held-to-Maturity
 
 
 
 
 
 
State, county and municipal securities
$

$

$
773

$
(17
)
$
773

$
(17
)
Maturities of Investment Securities
All other investment securities maturities are shown at contractual maturity dates.
 
Available-for-Sale
 
Held-to-Maturity
December 31, 2012
Amortized
Cost
Estimated
Fair Value
 
Amortized
Cost
Estimated
Fair Value
Within one year
$
438,770

$
445,319

 
$
4,657

$
4,657

After one year but within five years
1,042,696

1,056,854

 
47,437

48,293

After five years but within ten years
351,310

356,641

 
86,416

90,954

After ten years
133,641

136,444

 
69,340

74,656

Total
1,966,417

1,995,258

 
207,850

218,560

Investments with no stated maturity


 
373

373

Total
$
1,966,417

$
1,995,258

 
$
208,223

$
218,933