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<br />2. Securities Available for Sale
<br />Amortized cost and fair value of securities available for sale at December 31, 2011 and 2010 were as
<br />follows:
<br />(dollars in thousands)
<br />U.S. Treasury and other U.S.
<br />Government agencies and
<br />corporations
<br />Government sponsored agencies
<br />Mortgage and asset -backed
<br />securities:
<br />Government agencies())
<br />Government sponsored
<br />agencies")
<br />Collateralized debt obligations
<br />Collateralized loan obligations
<br />Other asset -backed securities
<br />Collateralized mortgage
<br />obligations:
<br />Government agencies
<br />Government sponsored agencies
<br />States and political subdivisions
<br />Equity securities
<br />Total securities available for sale
<br />2011 2010
<br />Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair
<br />Cost Gains Losses Value Cost Gains Losses Value
<br />$1,009,189 $ 18,776 $
<br />119,233 541
<br />(382) $1,027,583 $ 174,181 $ 126 $ (76) $ 174,231
<br />(13) 119,761 483,192 958 (1,039) 483,111
<br />4,043,843 129,337 (283)
<br />1,444,937 30,776 (11)
<br />65,192 - (20,059)
<br />171,510 - (42,855)
<br />1,782 44 (1)
<br />9,623 99
<br />59,260 433 -
<br />649,698 25,091 (4,201)
<br />6,160 254 (318)
<br />4,172,897 239,209 1,429 (1,116) 239,522
<br />1,475,702
<br />45,133
<br />128,655
<br />1,825
<br />9,722
<br />59,693
<br />670,588
<br />6,096
<br />1,178,263
<br />127,674
<br />223,390
<br />8,546
<br />1,084,543
<br />1,451,179
<br />1,299,297
<br />6,244
<br />33,605 (329) 1,211,539
<br />(60,682) 66,992
<br />(93,484) 129,906
<br />50 (924) 7,672
<br />15,813 (828) 1,099,528
<br />5,943 (19,699) 1,437,423
<br />18,885 (45,589) 1,272,593
<br />271 (270) 6,245
<br />$7,580,427 $205,351 $(68,123) $7,717,655 $6,275,718 $77,080 $(224,036) $6,128,762
<br />°' Backed by residential real estate.
<br />The following tables present the unrealized gross losses and fair values of securities in the available
<br />for sale portfolio by length of time that individual securities in each category have been in a continuous
<br />loss position.
<br />Less Than 12 Mouths
<br />Unrealized Fair
<br />(dollars in thousands) Losses Value
<br />U.S. Treasury and other U.S. Government
<br />agencies and corporations $ (382) $146,753
<br />Government sponsored agencies (13) 50,368
<br />Mortgage and asset -backed securities:
<br />Government agenciesp) (283) 127,828
<br />Government sponsored agencies« (10) 47,216
<br />Collateralized debt obligations
<br />Collateralized loan obligations
<br />Other asset -backed securities (1) 47
<br />State and political subdivisions (360) 9,975
<br />Equity securities -
<br />Total securities available for sale $(1,049) $382,187
<br />") Backed by residential real estate.
<br />2011 Bank of the West Annual Report
<br />-16-
<br />December 31, 2011
<br />12 Months or More
<br />Unrealized Fair
<br />Losses Value
<br />Total
<br />Unrealized Fair
<br />Losses Value
<br />$ $ $ (382) $146,753
<br />(13) 50,368
<br />(283) 127,828
<br />(1) 23 (11) 47,239
<br />(20,059) 45,133 (20,059) 45,133
<br />(42,855) 128,655 (42,855) 128,655
<br />(1) 47
<br />(3,841) 59,255 (4,201) 69,230
<br />(318) 5,824 (318) 5,824
<br />$(67,074) $238,890 $(68,123) $621,077
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