Investment Securities (Tables)
|
3 Months Ended |
Mar. 31, 2016 |
| Investments, Debt and Equity Securities [Abstract] |
|
| Schedule of investment securities available-for-sale |
The following table shows investment securities available-for-sale. | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | March 31, 2016 | | |
| | |
| | |
| | |
| U.S. Treasury and Federal agencies securities | | $ | 391,488 |
| | $ | 2,624 |
| | $ | (42 | ) | | $ | 394,070 |
| U.S. States and political subdivisions securities | | 121,464 |
| | 2,968 |
| | (123 | ) | | 124,309 |
| Mortgage-backed securities — Federal agencies | | 237,234 |
| | 4,153 |
| | (464 | ) | | 240,923 |
| Corporate debt securities | | 34,183 |
| | 393 |
| | (1 | ) | | 34,575 |
| Foreign government and other securities | | 800 |
| | 9 |
| | — |
| | 809 |
| Total debt securities | | 785,169 |
| | 10,147 |
| | (630 | ) | | 794,686 |
| Marketable equity securities | | 1,893 |
| | 5,670 |
| | (299 | ) | | 7,264 |
| Total investment securities available-for-sale | | $ | 787,062 |
| | $ | 15,817 |
| | $ | (929 | ) | | $ | 801,950 |
| | | | | | | | | | December 31, 2015 | | |
| | |
| | |
| | |
| U.S. Treasury and Federal agencies securities | | $ | 389,457 |
| | $ | 1,718 |
| | $ | (1,506 | ) | | $ | 389,669 |
| U.S. States and political subdivisions securities | | 120,441 |
| | 2,692 |
| | (143 | ) | | 122,990 |
| Mortgage-backed securities — Federal agencies | | 234,400 |
| | 3,430 |
| | (1,533 | ) | | 236,297 |
| Corporate debt securities | | 34,241 |
| | 199 |
| | (57 | ) | | 34,383 |
| Foreign government and other securities | | 800 |
| | 10 |
| | (1 | ) | | 809 |
| Total debt securities | | 779,339 |
| | 8,049 |
| | (3,240 | ) | | 784,148 |
| Marketable equity securities | | 1,893 |
| | 5,906 |
| | (220 | ) | | 7,579 |
| Total investment securities available-for-sale | | $ | 781,232 |
| | $ | 13,955 |
| | $ | (3,460 | ) | | $ | 791,727 |
|
|
| Schedule of contractual maturities of investments in debt securities available-for-sale |
The following table shows the contractual maturities of investments in debt securities available-for-sale at March 31, 2016. Expected maturities will differ from contractual maturities, because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | | | | | | | | | | (Dollars in thousands) | | Amortized Cost | | Fair Value | Due in one year or less | | $ | 144,949 |
| | $ | 145,669 |
| Due after one year through five years | | 384,483 |
| | 389,225 |
| Due after five years through ten years | | 18,503 |
| | 18,869 |
| Due after ten years | | — |
| | — |
| Mortgage-backed securities | | 237,234 |
| | 240,923 |
| Total debt securities available-for-sale | | $ | 785,169 |
| | $ | 794,686 |
|
|
| Schedule of gross realized gains and losses on sale of securities from securities available-for-sale portfolio |
The following table shows the gross realized gains and losses on sale of securities from the securities available-for-sale portfolio, including marketable equity securities. Realized gains and losses on the sales of all securities are computed using the specific identification cost basis. | | | | | | | | | | | | Three Months Ended March 31, | (Dollars in thousands) | | 2016 | | 2015 | Gross realized gains | | $ | 10 |
| | $ | — |
| Gross realized losses | | — |
| | — |
| Net realized gains (losses) | | $ | 10 |
| | $ | — |
|
|
| Schedule of gross unrealized losses and fair value by investment category and age |
The following table summarizes gross unrealized losses and fair value by investment category and age. | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less than 12 Months | | 12 months or Longer | | Total | (Dollars in thousands) | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | | Fair Value | | Unrealized Losses | March 31, 2016 | | |
| | |
| | |
| | |
| | |
| | |
| U.S. Treasury and Federal agencies securities | | $ | 36,933 |
| | $ | (42 | ) | | $ | — |
| | $ | — |
| | $ | 36,933 |
| | $ | (42 | ) | U.S. States and political subdivisions securities | | 12,169 |
| | (73 | ) | | 4,332 |
| | (50 | ) | | 16,501 |
| | (123 | ) | Mortgage-backed securities - Federal agencies | | 27,283 |
| | (111 | ) | | 19,467 |
| | (353 | ) | | 46,750 |
| | (464 | ) | Corporate debt securities | | 1,753 |
| | (1 | ) | | — |
| | — |
| | 1,753 |
| | (1 | ) | Foreign government and other securities | | 100 |
| | — |
| | — |
| | — |
| | 100 |
| | — |
| Total debt securities | | 78,238 |
| | (227 | ) | | 23,799 |
| | (403 | ) | | 102,037 |
| | (630 | ) | Marketable equity securities | | 347 |
| | (297 | ) | | 3 |
| | (2 | ) | | 350 |
| | (299 | ) | Total investment securities available-for-sale | | $ | 78,585 |
| | $ | (524 | ) | | $ | 23,802 |
| | $ | (405 | ) | | $ | 102,387 |
| | $ | (929 | ) | | | | | | | | | | | | | | December 31, 2015 | | |
| | |
| | |
| | |
| | |
| | |
| U.S. Treasury and Federal agencies securities | | $ | 151,581 |
| | $ | (928 | ) | | $ | 43,372 |
| | $ | (578 | ) | | $ | 194,953 |
| | $ | (1,506 | ) | U.S. States and political subdivisions securities | | 17,040 |
| | (79 | ) | | 3,795 |
| | (64 | ) | | 20,835 |
| | (143 | ) | Mortgage-backed securities - Federal agencies | | 78,731 |
| | (777 | ) | | 20,592 |
| | (756 | ) | | 99,323 |
| | (1,533 | ) | Corporate debt securities | | 9,340 |
| | (57 | ) | | — |
| | — |
| | 9,340 |
| | (57 | ) | Foreign government and other securities | | 99 |
| | (1 | ) | | — |
| | — |
| | 99 |
| | (1 | ) | Total debt securities | | 256,791 |
| | (1,842 | ) | | 67,759 |
| | (1,398 | ) | | 324,550 |
| | (3,240 | ) | Marketable equity securities | | 427 |
| | (218 | ) | | 3 |
| | (2 | ) | | 430 |
| | (220 | ) | Total investment securities available-for-sale | | $ | 257,218 |
| | $ | (2,060 | ) | | $ | 67,762 |
| | $ | (1,400 | ) | | $ | 324,980 |
| | $ | (3,460 | ) |
|