Annual report pursuant to Section 13 and 15(d)

Held To Maturity Securities (Tables)

v2.4.0.6
Held To Maturity Securities (Tables)
 12 Months Ended
Dec. 31, 2011
Held to Maturity Securities [Abstract]  
Contractual maturities of held-to-maturity securities

Listed below are the contractual maturities (under 1 year, 1-5 years, 6-10 years, and over 10 years) of held-to-maturity securities at December 31, 2011. There were no securities classified as held-to-maturity at December 31, 2010.

 

        December 31, 2011  
        Amortized     Fair  
(dollar amounts in thousands)   Cost     Value  
  Federal agencies: mortgage-backed securities:            
    Under 1 year $ ---   $ ---  
    1-5 years   ---     ---  
    6-10 years   ---     ---  
    Over 10 years   640,551     660,186  
  Total Federal agencies: mortgage-backed securities 640,551     660,186  
Total U.S. Government backed agencies   640,551     660,186  
Total held-to-maturity securities $ 640,551   $ 660,186  
                 
Amortized cost, gross unrealized gains and losses, and fair value by investment category

The following table provides amortized cost, gross unrealized gains and losses, and fair value by investment category at December 31, 2011:

            Unrealized      
      Amortized     Gross     Gross     Fair
(dollar amounts in thousands)   Cost     Gains     Losses     Value
December 31, 2011                      
Federal Agencies:                      
  Mortgage-backed securities $ 640,551   $ 19,652   $ (17)   $ 660,186
Total U.S. Government                      
  backed securities   640,551     19,652     (17)     660,186
Total held-to-maturity securities $ 640,551   $ 19,652   $ (17)   $ 660,186