Navy Federal Credit Union 2013 Annual Report Download - page 33
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Navy Federal Credit Union • 2013 Financial Section
13
2013 ANNUAL REPORT
NOTE 3:
Navy Federal’s HTM and AFS securities as of December 31, 2013 and 2012 were as follows:
(dollars in thousands) Weighted-
Average
Yield
Amortized
Cost
Unrealized
Unrealized
(Losses)
Estimated
Fair
U.S. government and federal
agency securities 2.32% $ 359,922 $ 4,417 $ (4,506) $ 359,833
Residential mortgage-backed
securities 0.58% 17,112 68 (1) 17,179
Available-for-sale
U.S. government and federal
agency securities 2.19% 5,047,768 111,077 (88,925) 5,069,920
Residential mortgage-backed
securities 2.58% 5,165,966 63,346 (170,844) 5,058,468
Commercial mortgage-backed
securities 3.07% 13,976 485 — 14,461
Bank notes 1.90% 1,552,096 24,326 (14,692) 1,561,730
Municipal securities 3.28% 210,935 — (23,159) 187,776
Mutual funds -0.08% 11,043 — (163) 10,880
Total available-for-sale
$ $ $ $
(dollars in thousands) Weighted-
Average
Yield
Amortized
Cost
Unrealized
Unrealized
(Losses)
Estimated
Fair
U.S. government and federal
agency securities 2.47% $ 440,256 $ 15,612 $ — $ 455,868
Residential mortgage-backed
securities 0.62% 29,496 126 — 29,622
—
Available-for-sale
U.S. government and federal
agency securities 2.30% 5,998,082 304,812 (1,106) 6,301,788
Residential mortgage-backed
securities 2.12% 4,512,747 163,130 (1,884) 4,673,993
Commercial mortgage-backed
securities 2.90% 13,969 1,019 — 14,988
Bank notes 2.33% 1,525,505 55,037 (791) 1,579,751
Municipal securities 3.33% 95,952 2,412 (289) 98,075
Mutual funds -0.07% 10,939 — (11) 10,928
Total available-for-sale
$ $ $ $