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Investment Securities (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Approximate Fair Values of Investment Securities

The amortized cost and approximate fair values of investment securities are summarized as follows:
December 31, 2014
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Available-for-Sale
 
 
 
 
Obligations of U.S. government agencies
$
725,408

$
895

$
(5,370
)
$
720,933

U.S. agency residential mortgage-backed securities &
   collateralized mortgage obligations
982,764

11,526

(3,624
)
990,666

Private mortgage-backed securities
322

5

(2
)
325

Total
$
1,708,494

$
12,426

$
(8,996
)
$
1,711,924

December 31, 2014
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Held-to Maturity
 
 
 
 
State, county and municipal securities
$
188,941

$
5,949

$
(386
)
$
194,504

Corporate securities
32,565

54

(75
)
32,544

U.S agency residential mortgage-backed securities &
collateralized mortgage obligations
353,176

5,563

(1,758
)
356,981

Other investments
504



504

Total
$
575,186

$
11,566

$
(2,219
)
$
584,533



Gross gains of $274 and gross losses of $213 were realized on the disposition of available-for-sale securities in 2014.
December 31, 2013
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Available-for-Sale
 
 
 
 
Obligations of U.S. government agencies
$
774,055

$
1,432

$
(12,249
)
$
763,238

U.S. agency residential mortgage-backed securities &
   collateralized mortgage obligations
1,197,295

11,905

(25,147
)
1,184,053

Private mortgage-backed securities
407

9

(1
)
415

Total
$
1,971,757

$
13,346

$
(37,397
)
$
1,947,706

December 31, 2013
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair
Value
Held-to Maturity
 
 
 
 
State, county and municipal securities
$
185,818

$
4,043

$
(2,049
)
$
187,812

Corporate securities
18,019

103

(8
)
$
18,114

Total
$
203,837

$
4,146

$
(2,057
)
$
205,926

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, 2014 and 2013.
 
Less than 12 Months
12 Months or More
Total
December 31, 2014
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Available-for-Sale
 
 
 
 
 
 
Obligations of U.S. government agencies
$
135,888

$
(702
)
$
309,283

$
(4,668
)
$
445,171

$
(5,370
)
U.S. agency residential mortgage-backed
   securities & collateralized mortgage
   obligations
219,214

(887
)
151,380

(2,737
)
370,594

(3,624
)
Private mortgage-backed securities


90

(2
)
90

(2
)
Total
$
355,102

$
(1,589
)
$
460,753

$
(7,407
)
$
815,855

$
(8,996
)
 
Less than 12 Months
12 Months or More
Total
December 31, 2014
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Held-to-Maturity
 
 
 
 
 
 
State, county and municipal securities
$
7,979

$
(13
)
$
20,097

$
(373
)
$
28,076

$
(386
)
U.S. agency residential mortgage-backed
securities & collateralized mortgage
obligations
61,201

(1,758
)


61,201

(1,758
)
Corporate securities
14,755

(75
)


14,755

(75
)
Total
$
83,935

$
(1,846
)
$
20,097

$
(373
)
$
104,032

$
(2,219
)
 
Less than 12 Months
12 Months or More
Total
December 31, 2013
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Available-for-Sale
 
 
 
 
 
 
Obligations of U.S. government agencies
$
458,385

$
(10,355
)
$
59,362

$
(1,894
)
$
517,747

$
(12,249
)
U.S. agency residential mortgage-backed
   securities & collateralized mortgage
   obligations
634,199

(17,273
)
166,930

(7,874
)
801,129

(25,147
)
Private mortgage-backed securities


104

(1
)
104

(1
)
Total
$
1,092,584

$
(27,628
)
$
226,396

$
(9,769
)
$
1,318,980

$
(37,397
)
 
Less than 12 Months
12 Months or More
Total
December 31, 2013
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Fair
Value
Gross
Unrealized
Losses
Held-to-Maturity
 
 
 
 
 
 
State, county and municipal securities
$
37,550

$
(1,319
)
$
14,296

$
(730
)
$
51,846

$
(2,049
)
Corporate securities
7,294

(8
)


7,294

(8
)
Total
$
44,844

$
(1,327
)
$
14,296

$
(730
)
$
59,140

$
(2,057
)
Maturities of Investment Securities
All other investment securities maturities are shown at contractual maturity dates.
 
Available-for-Sale
 
Held-to-Maturity
December 31, 2014
Amortized
Cost
Estimated
Fair Value
 
Amortized
Cost
Estimated
Fair Value
Within one year
$
252,677

$
254,560

 
$
85,751

$
86,983

After one year but within five years
1,218,143

1,219,799

 
283,000

286,783

After five years but within ten years
188,520

188,015

 
150,601

153,287

After ten years
49,154

49,550

 
55,834

57,480

Total
$
1,708,494

$
1,711,924

 
$
575,186

$
584,533