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Shareholders' Equity
3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block] Shareholders' Equity
On May 3, 2022, the Company declared a quarterly cash dividend of $0.53 per common share payable on or about May 25, 2022 to shareholders of record as of May 10, 2022.

Dividends declared were $0.53 per share during the three months ended March 31, 2022 and $0.52 per share during the three months ended March 31, 2021.

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, 2020$335,032 $836 $335,868 
Net change in unrealized gain (loss)
(150,131)— (150,131)
Reclassification adjustments included in earnings:
Gain on available for sale securities, net
(467)— (467)
Other comprehensive income, before income taxes
(150,598)— (150,598)
Federal and state income taxes(36,139)— (36,139)
Other comprehensive income, net of income taxes(114,459)— (114,459)
Balance, March 31, 2021$220,573 $836 $221,409 
Balance, Dec. 31, 2021$69,775 $2,596 $72,371 
Net change in unrealized gain (loss)
(639,041) (639,041)
Reclassification adjustments included in earnings:
Gain on available for sale securities, net
(937) (937)
Other comprehensive income, before income taxes
(639,978) (639,978)
Federal and state income taxes(149,781) (149,781)
Other comprehensive income (loss), net of income taxes(490,197) (490,197)
Balance, March 31, 2022$(420,422)$2,596 $(417,826)