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Shareholders' Equity | 9 Months Ended
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Sep. 30, 2024
Stockholders' Equity Note [Abstract] |
Shareholders' Equity [Text Block] | Shareholders' Equity On October 29, 2024, the Company declared a quarterly cash dividend of $0.57 per common share payable on or about November 27, 2024, to shareholders of record as of November 15, 2024. Dividends declared were $0.55 and $1.65 per share during the three and nine months ended September 30, 2024, and $0.54 and $1.62 per share during the three and nine months ended September 30, 2023. Accumulated Other Comprehensive Income (Loss) AOCI includes unrealized gains and losses on AFS securities. AOCI also includes unrealized losses on AFS securities that were transferred from AFS to investment securities in the second quarter of 2022. 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. 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 |  |  |  |  |  | Total
Balance, Dec. 31, 2022 |  | $ | (664,618) |  |  | $ | (172,337) |  |  |  |  |  |  | $ | (836,955) |
Net change in unrealized gain (loss) |  | (171,977) |  |  | — |  |  |  |  |  |  | (171,977) |
Reclassification adjustments included in earnings: |  |  |  |  |  |  |  |  |  |
Interest revenue, Investment securities |  | — |  |  | 46,996 |  |  |  |  |  |  | 46,996 |
Loss on available-for-sale securities, net |  | 3,010 |  |  | — |  |  |  |  |  |  | 3,010 |
Other comprehensive income (loss), before income taxes |  | (168,967) |  |  | 46,996 |  |  |  |  |  |  | (121,971) |
Federal and state income taxes |  | (40,735) |  |  | 10,794 |  |  |  |  |  |  | (29,941) |
Other comprehensive income (loss), net of income taxes |  | (128,232) |  |  | 36,202 |  |  |  |  |  |  | (92,030) |
Balance, September 30, 2023 |  | $ | (792,850) |  |  | $ | (136,135) |  |  |  |  |  |  | $ | (928,985) |
Balance, Dec. 31, 2023 |  | $ | (473,212) |  |  | $ | (125,888) |  |  |  |  |  |  | $ | (599,100) |
Net change in unrealized gain (loss) |  | 263,436 |  |  | — |  |  |  |  |  |  | 263,436 |
Reclassification adjustments included in earnings: |  |  |  |  |  |  |  |  |  |
Interest revenue, Investment securities |  | — |  |  | 35,641 |  |  |  |  |  |  | 35,641 |
Loss on available-for-sale securities, net |  | 45,828 |  |  | — |  |  |  |  |  |  | 45,828 |
Other comprehensive income (loss), before income taxes |  | 309,264 |  |  | 35,641 |  |  |  |  |  |  | 344,905 |
Federal and state income taxes |  | 72,711 |  |  | 8,383 |  |  |  |  |  |  | 81,094 |
Other comprehensive income (loss), net of income taxes |  | 236,553 |  |  | 27,258 |  |  |  |  |  |  | 263,811 |
Balance, September 30, 2024 |  | $ | (236,659) |  |  | $ | (98,630) |  |  |  |  |  |  | $ | (335,289) |

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