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Shareholders' Equity
 6 Months Ended
Jun. 30, 2013
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block]
(8) Shareholders' Equity

The Company will pay a quarterly cash dividend of $0.38 per common share on or about August 30, 2013 to shareholders of record as of August 16, 2013.

Dividends declared during the three and six months ended June 30, 2013 were $0.38 and $0.76 per share, respectively. Dividends declared during the three and six months ended June 30, 2012 were $0.38 and $0.71 per share, respectively.

Accumulated Other Comprehensive Income (Loss)

AOCI includes unrealized gains and losses on available for sale ("AFS") securities and non-credit related unrealized losses on AFS securities for which an other-than-temporary impairment has been recorded in earnings. AOCI also includes unrealized gains on AFS securities that were transferred from AFS to investment securities in the third quarter of 2011. Such amounts are being amortized over the estimated remaining life of the security as an adjustment to yield, offsetting the related amortization of premium on the transferred securities. Unrealized losses on employee benefit plans will be reclassified into income as pension plan costs are recognized over the remaining service period of plan participants. Accumulated losses on the interest rate lock hedge of the 2005 subordinated debt issuance are being reclassified into income over the ten-year life of the debt. Gains and losses in AOCI are net of deferred income taxes.

A rollforward of the components of accumulated other comprehensive income (loss) is included as follows (in thousands):
 
 
Unrealized Gain (Loss) on
 
 
 
 
 
 
Available for Sale Securities
 
Investment Securities Transferred from AFS
 
Employee Benefit Plans
 
Loss on Effective Cash Flow Hedges
 
Total
Balance, December 31, 2011
 
$
135,740

 
$
6,673

 
$
(12,742
)
 
$
(692
)
 
$
128,979

Net change in unrealized gain (loss)
 
40,325

 
—

 
(291
)
 
—

 
40,034

Reclassification adjustments included in earnings:
 
 
 
 
 
 
 
 
 
 
Interest revenue, Investment securities, Taxable securities
 
—

 
(3,421
)
 
—

 
—

 
(3,421
)
Interest expense, Subordinated debentures
 
—

 
—

 
—

 
331

 
331

Net impairment losses recognized in earnings
 
4,580

 
—

 
—

 
—

 
4,580

Gain on available for sale securities, net
 
(24,812
)
 
—

 
—

 
—

 
(24,812
)
Other comprehensive income (loss), before income taxes
 
20,093

 
(3,421
)
 
(291
)
 
331

 
16,712

Income tax benefit (expense)1
 
(7,816
)
 
1,331

 
113

 
(129
)
 
(6,501
)
Other comprehensive income (loss), net of income taxes
 
12,277

 
(2,090
)
 
(178
)
 
202

 
10,211

Balance, June 30, 2012
 
$
148,017

 
$
4,583

 
$
(12,920
)
 
$
(490
)
 
$
139,190

 
 
 
 
 
 
 
 
 
 
 
Balance, December 31, 2012
 
$
155,553

 
$
3,078

 
$
(8,296
)
 
$
(415
)
 
$
149,920

Net change in unrealized gains (losses)
 
(204,545
)
 
—

 
—

 
—

 
(204,545
)
Reclassification adjustments included in earnings:
 
 
 
 
 
 
 
 
 
 
Interest revenue, Investment securities, Taxable securities
 
—

 
(2,021
)
 
—

 
—

 
(2,021
)
Interest expense, Subordinated debentures
 
—

 
—

 
—

 
124

 
124

Net impairment losses recognized in earnings
 
799

 
—

 
—

 
—

 
799

Gain on available for sale securities, net
 
(8,608
)
 
—

 
—

 
—

 
(8,608
)
Other comprehensive income (loss), before income taxes
 
(212,354
)
 
(2,021
)
 
—

 
124

 
(214,251
)
Income tax benefit (expense)1
 
82,605

 
788

 
—

 
(48
)
 
83,345

Other comprehensive income (loss), net of income taxes
 
(129,749
)
 
(1,233
)
 
—

 
76

 
(130,906
)
Balance, June 30, 2013
 
$
25,804

 
$
1,845

 
$
(8,296
)
 
$
(339
)
 
$
19,014


1 
Calculated using a 39% effective tax rate.