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| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The amortized cost and estimated fair value of investment securities at December 31, 1999 by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
A summary of sales transactions in the investment securities available for sale portfolio for 1999, 1998, and 1997 is as follows:
There were no sales transactions in the investment securities held to maturity portfolio during the three years ended December 31, 1999. Securities with a carrying value of $1,297,866 and $1,152,931 at December 31, 1999 and 1998, respectively, were pledged to secure certain deposits and repurchase agreements as required by law. |
