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Shareholders' Equity
 9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block]
Shareholders' Equity

On October 25, 2016, the Company declared a quarterly cash dividend of $0.44 per common share on or about November 28, 2016 to shareholders of record as of November 14, 2016.

Dividends declared were $0.43 per share and $1.29 per share during the three and nine months ended September 30, 2016 and $0.42 per share and $1.26 during the three and nine months ended September 30, 2015.

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 were 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, Dec. 31, 2014
 
$
59,239

 
$
376

 
$
(2,868
)
 
$
(74
)
 
$
56,673

Net change in unrealized gain (loss)
 
57,763

 
—

 
—

 
—

 
57,763

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

 
(418
)
 
—

 
—

 
(418
)
Interest expense, Subordinated debentures
 
—

 
—

 
—

 
121

 
121

Net impairment losses recognized in earnings
 
92

 
—

 
—

 
—

 
92

Gain on available for sale securities, net
 
(9,926
)
 
—

 
—

 
—

 
(9,926
)
Other comprehensive income (loss), before income taxes
 
47,929

 
(418
)
 
—

 
121

 
47,632

Federal and state income taxes1
 
18,644

 
(162
)
 
—

 
47

 
18,529

Other comprehensive income (loss), net of income taxes
 
29,285

 
(256
)
 
—

 
74

 
29,103

Balance, Sept. 30, 2015
 
$
88,524

 
$
120

 
$
(2,868
)
 
$
—

 
$
85,776

 
 
 
 
 
 
 
 
 
 
 
Balance, Dec. 31, 2015
 
$
23,284

 
$
68

 
$
(1,765
)
 
$
—

 
$
21,587

Net change in unrealized gain (loss)
 
133,108

 
—

 
—

 
—

 
133,108

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

 
(112
)
 
—

 
—

 
(112
)
Interest expense, Subordinated debentures
 
—

 
—

 
—

 
—

 
—

Net impairment losses recognized in earnings
 
—

 
—

 
—

 
—

 
—

Gain on available for sale securities, net
 
(11,684
)
 
—

 
—

 
—

 
(11,684
)
Other comprehensive income (loss), before income taxes
 
121,424

 
(112
)
 
—

 
—

 
121,312

Federal and state income taxes1
 
47,216

 
(44
)
 
—

 
—

 
47,172

Other comprehensive income (loss), net of income taxes
 
74,208

 
(68
)
 
—

 
—

 
74,140

Balance, Sept. 30, 2016
 
$
97,492

 
$
—

 
$
(1,765
)
 
$
—

 
$
95,727


1 
Calculated using a 39 percent effective tax rate.