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Shareholders' Equity
9 Months Ended
Sep. 30, 2021
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block] Shareholders' Equity
On November 2, 2021, the Company declared a quarterly cash dividend of $0.53 per common share payable on or about November 24, 2021 to shareholders of record as of November 15, 2021.

Dividends declared were $0.52 and $1.56 per share during the three and nine months ended September 30, 2021 and $0.51 and 1.53 per share during the three and nine months ended September 30, 2020.

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. 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. 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 SecuritiesEmployee Benefit PlansTotal
Balance, Dec. 31, 2019$104,996 $(73)$104,923 
Net change in unrealized gain (loss)
347,985 — 347,985 
Reclassification adjustments included in earnings:
Gain on available for sale securities, net
(5,571)— (5,571)
Other comprehensive income, before income taxes
342,414 — 342,414 
Federal and state income taxes82,167 — 82,167 
Other comprehensive income, net of income taxes260,247 — 260,247 
Balance, September 30, 2020$365,243 $(73)$365,170 
Balance, Dec. 31, 2020$335,032 $836 $335,868 
Net change in unrealized gain (loss)
(216,176) (216,176)
Reclassification adjustments included in earnings:
Gain on available for sale securities, net
(3,152) (3,152)
Other comprehensive income, before income taxes
(219,328) (219,328)
Federal and state income taxes(52,632) (52,632)
Other comprehensive income (loss), net of income taxes(166,696) (166,696)
Balance, September 30, 2021$168,336 $836 $169,172