v3.26.1
Shareholders' Equity
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Shareholders' Equity [Text Block] Shareholders' Equity
On August 4, 2026, the Company declared a quarterly cash dividend of $0.63 per common share payable on or about September 2, 2026, to shareholders of record as of August 19, 2026.

Dividends declared were $0.63 and $1.26 per share during the three and six months ended June 30, 2026, and $0.57 and $1.14 per share during the three and six months ended June 30, 2025.

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, 2024$(412,348)$(90,692)$(503,040)
Net change in unrealized gain (loss)
260,657 — 260,657 
Reclassification adjustments included in earnings:
Interest revenue, Investment securities— 18,638 18,638 
Other comprehensive income (loss), before income taxes260,657 18,638 279,295 
Federal and state income taxes60,994 4,271 65,265 
Other comprehensive income (loss), net of income taxes199,663 14,367 214,030 
Balance, June 30, 2025$(212,685)$(76,325)$(289,010)
Balance, Dec. 31, 2025$(102,569)$(63,601)$(166,170)
Net change in unrealized gain (loss)
(128,537)— (128,537)
Reclassification adjustments included in earnings:
Interest revenue, Investment securities— 14,745 14,745 
Loss on available-for-sale securities, net4,645 — 4,645 
Other comprehensive income (loss), before income taxes(123,892)14,745 (109,147)
Federal and state income taxes(29,277)3,485 (25,792)
Other comprehensive income (loss), net of income taxes(94,615)11,260 (83,355)
Balance, June 30, 2026$(197,184)$(52,341)$(249,525)