Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.7.0.1
Equity (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Dividends Declared
The following table presents cash dividends declared by the Company on its common stock during the three and six months ended June 30, 2017, and the four immediately preceding quarters:
Declaration Date
 
Record Date
 
Payment Date
 
Cash Dividend Per Common Share
June 15, 2017
 
June 30, 2017
 
July 27, 2017
 
$
0.26

March 14, 2017
 
March 31, 2017
 
April 27, 2017
 
$
0.25

December 15, 2016
 
December 30, 2016
 
January 27, 2017
 
$
0.24

September 15, 2016
 
September 30, 2016
 
October 20, 2016
 
$
0.23

June 16, 2016
 
June 30, 2016
 
July 20, 2016
 
$
0.23

Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income at June 30, 2017 and December 31, 2016 was as follows:
(in thousands)
June 30,
2017
 
December 31,
2016
Available-for-sale securities
 
 
 
Unrealized gains
$
463,155

 
$
393,555

Unrealized losses
(108,538
)
 
(194,328
)
Accumulated other comprehensive income
$
354,617

 
$
199,227

Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes reclassifications out of accumulated other comprehensive income for the three and six months ended June 30, 2017 and 2016:
 
 
Affected Line Item in the Condensed Consolidated Statements of Comprehensive Income
 
Amount Reclassified out of Accumulated Other Comprehensive Income
(in thousands)
 
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
 
 
2017
 
2016
 
2017
 
2016
Other-than-temporary impairments on AFS securities
 
Total other-than-temporary impairment losses
 
$
429

 
$
90

 
$
429

 
$
807

Realized gains on sales of certain AFS securities, net of tax
 
Gain (loss) on investment securities
 
(6,147
)
 
(5,130
)
 
3,166

 
(24,256
)
Total
 
 
 
$
(5,718
)
 
$
(5,040
)
 
$
3,595

 
$
(23,449
)