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Shareholders' Equity
9 Months Ended
Sep. 30, 2025
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block] Shareholders' Equity
On October 28, 2025, the Company declared a quarterly cash dividend of $0.63 per common share payable on or about November 26, 2025, to shareholders of record as of November 12, 2025.

Dividends declared were $0.57 and $1.71 per share during the three and nine months ended September 30, 2025, and $0.55 and $1.65 per share during the three and nine months ended September 30, 2024.

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 AFSTotal
Balance, Dec. 31, 2023$(473,212)$(125,888)$(599,100)
Net change in unrealized gain (loss)
263,436 — 263,436 
Reclassification adjustments included in earnings:
Interest revenue, Investment securities— 35,641 35,641 
Loss on available-for-sale securities, net
45,828 — 45,828 
Other comprehensive income (loss), before income taxes309,264 35,641 344,905 
Federal and state income taxes72,711 8,383 81,094 
Other comprehensive income (loss), net of income taxes236,553 27,258 263,811 
Balance, September 30, 2024$(236,659)$(98,630)$(335,289)
Balance, Dec. 31, 2024$(412,348)$(90,692)$(503,040)
Net change in unrealized gain (loss)
333,866  333,866 
Reclassification adjustments included in earnings:
Interest revenue, Investment securities 27,280 27,280 
Gain on available-for-sale securities, net(213) (213)
Other comprehensive income (loss), before income taxes333,653 27,280 360,933 
Federal and state income taxes78,244 6,313 84,557 
Other comprehensive income (loss), net of income taxes255,409 20,967 276,376 
Balance, September 30, 2025$(156,939)$(69,725)$(226,664)