Quarterly report pursuant to Section 13 or 15(d)

Held To Maturity Securities (Tables)

v2.4.1.9
Held To Maturity Securities (Tables)
 3 Months Ended
Mar. 31, 2015
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 March 31, 2015 and December 31, 2014:

March 31, 2015 December 31, 2014
Amortized Fair Amortized Fair
(dollar amounts in thousands) Cost Value Cost Value
Federal agencies: mortgage-backed securities:
Under 1 year $ --- $ --- $ --- $ ---
1-5 years --- --- --- ---
6-10 years 24,901 24,517 24,901 24,263
Over 10 years 3,017,912 3,053,362 3,136,460 3,140,194
Total Federal agencies: mortgage-backed securities 3,042,813 3,077,879 3,161,361 3,164,457
Other agencies:
Under 1 year --- --- --- ---
1-5 years --- --- --- ---
6-10 years 78,053 80,031 54,010 54,843
Over 10 years 208,091 209,698 156,553 155,821
Total other agencies 286,144 289,729 210,563 210,664
Total U.S. Government backed agencies 3,328,957 3,367,608 3,371,924 3,375,121
Municipal securities:
Under 1 year --- --- --- ---
1-5 years --- --- --- ---
6-10 years --- --- --- ---
Over 10 years 7,706 7,281 7,981 7,594
Total municipal securities 7,706 7,281 7,981 7,594
Total held-to-maturity securities $ 3,336,663 $ 3,374,889 $ 3,379,905 $ 3,382,715
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 March 31, 2015 and December 31, 2014:

Unrealized
Amortized Gross Gross Fair
(dollar amounts in thousands) Cost Gains Losses Value
March 31, 2015
Federal Agencies:
Mortgage-backed securities $ 3,042,813 $ 43,058 $ (7,992) $ 3,077,879
Other agencies 286,144 4,065 (480) 289,729
Total U.S. Government
backed agencies 3,328,957 47,123 (8,472) 3,367,608
Municipal securities 7,706 --- (425) 7,281
Total held-to-maturity securities $ 3,336,663 $ 47,123 $ (8,897) $ 3,374,889
Unrealized
Amortized Gross Gross Fair
(dollar amounts in thousands) Cost Gains Losses Value
December 31, 2014
Federal Agencies:
Mortgage-backed securities $ 3,161,361 $ 24,832 $ (21,736) $ 3,164,457
Other agencies 210,563 1,251 (1,150) 210,664
Total U.S. Government
backed agencies 3,371,924 26,083 (22,886) 3,375,121
Municipal securities 7,981 --- (387) 7,594
Total held-to-maturity securities $ 3,379,905 $ 26,083 $ (23,273) $ 3,382,715
Investment securities in an unrealized loss position
Less than 12 Months Over 12 Months Total
Fair Unrealized Fair Unrealized Fair Unrealized
(dollar amounts in thousands ) Value Losses Value Losses Value Losses
March 31, 2015
Federal Agencies:
Mortgage-backed securities $ 130,027 $ (748) $ 414,559 $ (7,244) $ 544,586 $ (7,992)
Other agencies 63,134 (346) 22,023 (134) 85,157 (480)
Total U.S. Government backed securities 193,161 (1,094) 436,582 (7,378) 629,743 (8,472)
Municipal securities --- --- 7,281 (425) 7,281 (425)
Total temporarily impaired securities $ 193,161 $ (1,094) $ 443,863 $ (7,803) $ 637,024 $ (8,897)
Less than 12 Months Over 12 Months Total
Fair Unrealized Fair Unrealized Fair Unrealized
(dollar amounts in thousands ) Value Losses Value Losses Value Losses
December 31, 2014
Federal Agencies:
Mortgage-backed securities $ 707,934 $ (5,550) $ 622,026 $ (16,186) $ 1,329,960 $ (21,736)
Other agencies 36,956 (198) 71,731 (952) 108,687 (1,150)
Total U.S. Government backed securities 744,890 (5,748) 693,757 (17,138) 1,438,647 (22,886)
Municipal securities 7,594 (387) --- --- 7,594 (387)
Total temporarily impaired securities $ 752,484 $ (6,135) $ 693,757 $ (17,138) $ 1,446,241 $ (23,273)