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Shareholders' Equity
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block] Shareholders' Equity

On April 28, 2020, the Company declared a quarterly cash dividend of $0.51 per common share payable on or about May 27, 2020 to shareholders of record as of May 11, 2020.

Dividends declared were $0.51 per share during the three months ended March 31, 2020 and $0.50 per share during the three months ended March 31, 2019.

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 Securities
 
Employee Benefit Plans
 
Total
Balance, December 31, 2018
 
$
(70,999
)
 
$
(1,586
)
 
$
(72,585
)
Net change in unrealized gain (loss)
 
92,739

 
—

 
92,739

Reclassification adjustments included in earnings:
 
 
 
 
 

Gain on available for sale securities, net
 
(76
)
 
—

 
(76
)
Other comprehensive income, before income taxes
 
92,663

 
—

 
92,663

Federal and state income taxes1
 
23,609

 
—

 
23,609

Other comprehensive income, net of income taxes
 
69,054

 
—

 
69,054

Balance, March 31, 2019
 
$
(1,945
)
 
$
(1,586
)
 
$
(3,531
)
 
 
 
 
 
 

Balance, December 31, 2019
 
$
104,996

 
$
(73
)
 
$
104,923

Net change in unrealized gain (loss)
 
297,843

 
—

 
297,843

Reclassification adjustments included in earnings:
 
 
 
 
 

Gain on available for sale securities, net
 
(3
)
 
—

 
(3
)
Other comprehensive income, before income taxes
 
297,840

 
—

 
297,840

Federal and state income taxes1
 
71,471

 
—

 
71,471

Other comprehensive income, net of income taxes
 
226,369

 
—

 
226,369

Balance, March 31, 2020
 
$
331,365


$
(73
)
 
$
331,292


1 
Calculated using a 25 percent blended federal and state statutory tax rate.