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Investment Securities, Available-for-Sale (Tables)
12 Months Ended
Dec. 31, 2012
Investments, Debt and Equity Securities [Abstract]  
Comparison of amortized cost and estimated fair value of investment securities, available-for-sale
 
December 31, 2012
 
Weighted
 
Amortized
 
Gross Unrealized
 
Fair
(Dollars in thousands)
Yield
 
Cost
 
Gains
 
Losses
 
Value
U.S. government and federal agency
 
 
 
 
 
 
 
 
 
Maturing within one year
1.62
%
 
$
201

 
1

 

 
202

U.S. government sponsored enterprises
 
 
 
 
 
 
 
 
 
Maturing after one year through five years
2.30
%
 
17,064

 
371

 

 
17,435

Maturing after five years through ten years
2.03
%
 
44

 
1

 

 
45

 
2.29
%
 
17,108

 
372

 

 
17,480

State and local governments
 
 
 
 
 
 
 
 
 
Maturing within one year
2.01
%
 
4,288

 
28

 
(2
)
 
4,314

Maturing after one year through five years
2.11
%
 
149,497

 
4,142

 
(142
)
 
153,497

Maturing after five years through ten years
2.95
%
 
38,346

 
1,102

 
(99
)
 
39,349

Maturing after ten years
4.70
%
 
935,897

 
82,823

 
(1,362
)
 
1,017,358

 
4.29
%
 
1,128,028

 
88,095

 
(1,605
)
 
1,214,518

Corporate bonds
 
 
 
 
 
 
 
 
 
Maturing within one year
1.73
%
 
18,412

 
51

 

 
18,463

Maturing after one year through five years
2.22
%
 
250,027

 
4,018

 
(238
)
 
253,807

Maturing after five years through ten years
2.23
%
 
16,144

 
381

 

 
16,525

 
2.19
%
 
284,583

 
4,450

 
(238
)
 
288,795

Collateralized debt obligations
 
 
 
 
 
 
 
 
 
Maturing after ten years
8.03
%
 
1,708

 

 

 
1,708

Residential mortgage-backed securities
1.95
%
 
2,156,049

 
8,860

 
(4,607
)
 
2,160,302

Total investment securities
2.71
%
 
$
3,587,677

 
101,778

 
(6,450
)
 
3,683,005


Note 3. Investment Securities, Available-for-Sale (continued)

 
December 31, 2011
 
Weighted
 
Amortized
 
Gross Unrealized
 
Fair
(Dollars in thousands)
Yield
 
Cost
 
Gains
 
Losses
 
Value
U.S. government and federal agency
 
 
 
 
 
 
 
 
 
Maturing after one year through five years
1.62
%
 
$
204

 
4

 

 
208

U.S. government sponsored enterprises
 
 
 
 
 
 
 
 
 
Maturing within one year
1.58
%
 
3,979

 
17

 

 
3,996

Maturing after one year through five years
2.36
%
 
26,399

 
682

 

 
27,081

Maturing after five years through ten years
1.90
%
 
78

 

 

 
78

 
2.26
%
 
30,456

 
699

 

 
31,155

State and local governments
 
 
 
 
 
 
 
 
 
Maturing within one year
1.31
%
 
4,786

 
3

 
(2
)
 
4,787

Maturing after one year through five years
2.22
%
 
89,752

 
2,660

 
(22
)
 
92,390

Maturing after five years through ten years
2.59
%
 
63,143

 
2,094

 
(19
)
 
65,218

Maturing after ten years
4.84
%
 
845,657

 
57,138

 
(535
)
 
902,260

 
4.44
%
 
1,003,338

 
61,895

 
(578
)
 
1,064,655

Corporate bonds
 
 
 
 
 
 
 
 
 
Maturing after one year through five years
2.55
%
 
60,810

 
261

 
(1,264
)
 
59,807

Maturing after five years through ten years
2.38
%
 
2,409

 
21

 

 
2,430

 
2.54
%
 
63,219

 
282

 
(1,264
)
 
62,237

Collateralized debt obligations
 
 
 
 
 
 
 
 
 
Maturing after ten years
8.03
%
 
5,648

 

 
(282
)
 
5,366

Residential mortgage-backed securities
1.70
%
 
1,960,167

 
10,138

 
(7,183
)
 
1,963,122

Total investment securities
2.64
%
 
$
3,063,032

 
73,018

 
(9,307
)
 
3,126,743

Gain or Loss on sale of Investments
 
Years ended
(Dollars in thousands)
December 31,
2012
 
December 31,
2011
 
December 31,
2010
Gross proceeds
$

 
18,916

 
142,925

Less amortized cost

 
(18,570
)
 
(138,103
)
Net gain on sale of investments
$

 
346

 
4,822

Gross gain on sale of investments
$

 
1,048

 
7,779

Gross loss on sale of investments

 
(702
)
 
(2,957
)
Net gain on sale of investments
$

 
346

 
4,822

Investments with an unrealized loss position
 
December 31, 2012
 
Less than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
State and local governments
$
102,896

 
(1,531
)
 
4,533

 
(74
)
 
107,429

 
(1,605
)
Corporate bonds
41,856

 
(238
)
 

 

 
41,856

 
(238
)
Residential mortgage-backed securities
955,235

 
(4,041
)
 
62,905

 
(566
)
 
1,018,140

 
(4,607
)
Total temporarily impaired securities
$
1,099,987

 
(5,810
)
 
67,438

 
(640
)
 
1,167,425

 
(6,450
)
 
 
December 31, 2011
 
Less than 12 Months
 
12 Months or More
 
Total
(Dollars in thousands)
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
 
Fair
Value
 
Unrealized
Loss
State and local governments
$
26,434

 
(90
)
 
9,948

 
(488
)
 
36,382

 
(578
)
Corporate bonds
31,782

 
(1,264
)
 

 

 
31,782

 
(1,264
)
Collateralized debt obligations

 

 
5,366

 
(282
)
 
5,366

 
(282
)
Residential mortgage-backed securities
943,372

 
(6,850
)
 
8,244

 
(333
)
 
951,616

 
(7,183
)
Total temporarily impaired securities
$
1,001,588

 
(8,204
)
 
23,558

 
(1,103
)
 
1,025,146

 
(9,307
)