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, 2012
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, 2012 and 2011:

 

        December 31, 2012     December 31, 2011
        Amortized     Fair     Amortized      
(dollar amounts in thousands)   Cost     Value     Cost     Fair Value
  Federal agencies: mortgage-backed securities:                      
    Under 1 year $ ---   $ ---   $ ---   $ ---
    1-5 years   ---     ---     ---     ---
    6-10 years   24,901     24,739     ---     ---
    Over 10 years   1,624,483     1,672,702     640,551     660,186
  Total Federal agencies: mortgage-backed securities 1,649,384     1,697,441     640,551     660,186
  Other agencies:                      
    Under 1 year   ---     ---     ---     ---
    1-5 years   ---     ---     ---     ---
    6-10 years   15,108     15,338     ---     ---
    Over 10 years   69,399     71,341     ---     ---
  Total other agencies   84,507     86,679     ---     ---
Total U.S. Government backed agencies   1,733,891     1,784,120     640,551     660,186
Municipal securities:                      
  Under 1 year   ---     ---     ---     ---
  1-5 years   ---     ---     ---     ---
  6-10 years ---     ---     ---     ---
  Over 10 years   9,985     9,985     ---     ---
Total municipal securities   9,985     9,985     ---     ---
Total held-to-maturity securities $ 1,743,876   $ 1,794,105   $ 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, 2012 and 2011:

            Unrealized      
      Amortized     Gross     Gross     Fair
(dollar amounts in thousands)   Cost     Gains     Losses     Value
December 31, 2012                      
Federal Agencies:                      
  Mortgage-backed securities $ 1,649,384   $ 48,219   $ (162)   $ 1,697,441
  Other agencies   84,507     2,172     ---     86,679
Total U.S. Government                      
  backed securities   1,733,891     50,391     (162)     1,784,120
Municipal securities   9,985     ---     ---     9,985
Total held-to-maturity securities $ 1,743,876   $ 50,391   $ (162)   $ 1,794,105
                         
            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
  Other agencies   ---     ---     ---     ---
Total U.S. Government                      
  backed securities   640,551     19,652     (17)     660,186
Municipal securities   ---     ---     ---     ---
Total held-to-maturity securities $ 640,551   $ 19,652   $ (17)   $ 660,186