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Investment Securities, Available-for-Sale (Tables)
9 Months Ended
Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]  
Comparison of amortized cost and estimated fair value of investment securities designated as available-for-sale
 
September 30, 2013
 
Weighted
 
Amortized
 
Gross Unrealized
 
Fair
(Dollars in thousands)
Yield
 
Cost
 
Gains
 
Losses
 
Value
U.S. government sponsored enterprises
 
 
 
 
 
 
 
 
 
Maturing after one year through five years
2.29
%
 
$
11,278

 
240

 

 
11,518

Maturing after five years through ten years
1.82
%
 
38

 

 

 
38

 
2.29
%
 
11,316

 
240

 

 
11,556

State and local governments
 
 
 
 
 
 
 
 
 
Maturing within one year
2.18
%
 
6,059

 
52

 

 
6,111

Maturing after one year through five years
2.10
%
 
162,569

 
3,096

 
(431
)
 
165,234

Maturing after five years through ten years
3.17
%
 
57,892

 
1,122

 
(832
)
 
58,182

Maturing after ten years
4.46
%
 
1,104,890

 
28,571

 
(21,604
)
 
1,111,857

 
4.10
%
 
1,331,410

 
32,841

 
(22,867
)
 
1,341,384

Corporate bonds
 
 
 
 
 
 
 
 
 
Maturing within one year
2.10
%
 
73,064

 
736

 

 
73,800

Maturing after one year through five years
2.10
%
 
358,034

 
2,890

 
(2,852
)
 
358,072

Maturing after five years through ten years
2.22
%
 
11,058

 

 
(85
)
 
10,973

 
2.10
%
 
442,156

 
3,626

 
(2,937
)
 
442,845

Residential mortgage-backed securities
2.44
%
 
1,515,728

 
15,357

 
(7,917
)
 
1,523,168

Total investment securities
3.06
%
 
$
3,300,610

 
52,064

 
(33,721
)
 
3,318,953

 
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

Gain or loss on sale of Investments
 
Three Months ended
 
Nine Months ended
(Dollars in thousands)
September 30,
2013
 
September 30,
2012
 
September 30,
2013
 
September 30,
2012
Gross proceeds
$
102,483

 

 
181,971

 

Less amortized cost
(102,886
)
 

 
(182,270
)
 

Net loss on sale of investments
$
(403
)
 

 
(299
)
 

Gross gain on sale of investments
$
3,467

 

 
3,723

 

Gross loss on sale of investments
(3,870
)
 

 
(4,022
)
 

Net loss on sale of investments
$
(403
)
 

 
(299
)
 

Summary of investments with an unrealized loss position
 
September 30, 2013
 
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
$
405,834

 
(21,121
)
 
22,373

 
(1,746
)
 
428,207

 
(22,867
)
Corporate bonds
189,130

 
(2,937
)
 

 

 
189,130

 
(2,937
)
Residential mortgage-backed securities
446,642

 
(7,917
)
 

 

 
446,642

 
(7,917
)
Total temporarily impaired securities
$
1,041,606

 
(31,975
)
 
22,373

 
(1,746
)
 
1,063,979

 
(33,721
)
 
 
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
)