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Stockholders' Equity
 3 Months Ended
Mar. 31, 2016
Stockholders’ Equity and Regulatory Matters [Abstract]  
Stockholders’ Equity
Stockholders’ Equity
In June 2012, the Company redeemed all of the Fixed Rate Cumulative Perpetual Preferred Stock issued under the U.S. Treasury Department’s TARP Capital Purchase Program.
The Company assumed certain warrants (related to the TARP Capital Purchase Plan) to purchase shares of the Company’s common stock. On May 20, 2015, the U.S. Treasury Department completed an auction to sell certain of its warrant positions, and the Company submitted the winning bid to repurchase an outstanding warrant to purchase 350,767 shares of the Company’s common stock. The Company repurchased this warrant for $1.2 million. As of March 31, 2016, the U.S. Treasury Department held one remaining warrant for the purchase of 19,420 shares of the Company’s common stock.
The Company’s Board of Directors declared quarterly dividends of $0.11 per common share for the first quarter of 2016 and $0.10 per common share for the first quarter of 2015.
The following table presents the changes to accumulated other comprehensive income at March 31, 2016 and March 31, 2015:
 
 
 
 

 
March 31, 2016
 
March 31, 2015
 
(In thousands)
Balance at beginning of period
(1,832
)
 
1,705

Unrealized gains on securities available for sale and interest only strips
15,592

 
5,255

Reclassification adjustments for gains realized in income
—

 
(424
)
Tax expense
6,605

 
2,048

Total other comprehensive income
8,987

 
2,783

Balance at end of period
7,155

 
4,488