| 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 September 30, 2013 and December 31, 2012:
| |
|
|
|
September 30, 2013 |
|
|
December 31, 2012 |
| |
|
|
|
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 |
|
|
22,764 |
|
|
24,901 |
|
|
24,739 |
| |
|
Over 10 years |
|
2,096,322 |
|
|
2,083,669 |
|
|
1,624,483 |
|
|
1,672,702 |
| |
Total Federal agencies: mortgage-backed securities |
2,121,223 |
|
|
2,106,433 |
|
|
1,649,384 |
|
|
1,697,441 |
| |
Other agencies: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
Under 1 year |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
|
1-5 years |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
|
6-10 years |
|
39,346 |
|
|
39,206 |
|
|
15,108 |
|
|
15,338 |
| |
|
Over 10 years |
|
66,222 |
|
|
62,749 |
|
|
69,399 |
|
|
71,341 |
| |
Total other agencies |
|
105,568 |
|
|
101,955 |
|
|
84,507 |
|
|
86,679 |
| Total U.S. Government backed agencies |
|
2,226,791 |
|
|
2,208,388 |
|
|
1,733,891 |
|
|
1,784,120 |
| Municipal securities: |
|
|
|
|
|
|
|
|
|
|
|
| |
Under 1 year |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
1-5 years |
|
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
6-10 years |
--- |
|
|
--- |
|
|
--- |
|
|
--- |
| |
Over 10 years |
|
9,330 |
|
|
8,971 |
|
|
9,985 |
|
|
9,985 |
| Total municipal securities |
|
9,330 |
|
|
8,971 |
|
|
9,985 |
|
|
9,985 |
| Total held-to-maturity securities |
$ |
2,236,121 |
|
$ |
2,217,359 |
|
$ |
1,743,876 |
|
$ |
1,794,105 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 September 30, 2013 and December 31, 2012:
| |
|
|
|
|
|
Unrealized |
|
|
|
| |
|
|
Amortized |
|
|
Gross |
|
|
Gross |
|
|
Fair |
| (dollar amounts in thousands) |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Value |
| September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
|
| Federal Agencies: |
|
|
|
|
|
|
|
|
|
|
|
| |
Mortgage-backed securities |
$ |
2,121,223 |
|
$ |
13,534 |
|
$ |
(28,324) |
|
$ |
2,106,433 |
| |
Other agencies |
|
105,568 |
|
|
--- |
|
|
(3,613) |
|
|
101,955 |
| Total U.S. Government |
|
|
|
|
|
|
|
|
|
|
|
| |
backed securities |
|
2,226,791 |
|
|
13,534 |
|
|
(31,937) |
|
|
2,208,388 |
| Municipal securities |
|
9,330 |
|
|
--- |
|
|
(359) |
|
|
8,971 |
| Total held-to-maturity securities |
$ |
2,236,121 |
|
$ |
13,534 |
|
$ |
(32,296) |
|
$ |
2,217,359 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
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 |
|