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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Schedule of Common Stock Outstanding Roll Forward | common stock activity for the year ended December 31, 2022 is presented in the following table. There was no common stock activity for the year ended December 31, 2021.
Number of Shares of Common Stock | Outstanding
| Class A |  | Class B
Common stock at December 31, 2021 | 8,811,220 |  |  | 1,005,185 |
Common stock issued in CIT Merger | 6,140,010 |  |  | — |
Restricted stock units vested, net of shares held to cover taxes | 49,787 |  |  | — |
Shares purchased under authorized repurchase plan | (1,500,000) |  |  | — |
Common stock at December 31, 2022 | 13,501,017 |  |  | 1,005,185 |
Schedule of Preferred Stock and Depositary Shares | The following table summarizes BancShares’ non-cumulative perpetual preferred stock.
dollars in millions, except per share and par value data
Preferred Stock |  | Issuance Date |  | Earliest Redemption Date |  | Par Value |  | Shares Authorized, Issued and Outstanding |  |  |  |  |  | Liquidation Preference Per Share |  | Total Liquidation Preference |  | Dividend |  | Dividend Payment Dates
Series A |  | March 12, 2020 |  | March 15, 2025 |  | $ | 0.01 |  |  | 345,000 |  |  |  |  |  | $ | 1,000 |  |  | $ | 345 |  |  | 5.375% |  | Quarterly in arrears
Series B |  | January 3, 2022 |  | January 4, 2027 |  | 0.01 |  |  | 325,000 |  |  |  |  |  | 1,000 |  |  | 325 |  |  | 5.8%, converted to LIBOR + 3.972% beginning June 15, 2022 |  | Semi-annually during the fixed rate period, then quarterly in arrears, as of June 15, 2022
Series C |  | January 3, 2022 |  | January 4, 2027 |  | 0.01 |  |  | 8,000,000 |  |  |  |  |  | 25 |  |  | 200 |  |  | 5.625% |  | Quarterly in arrears, as of March 15, 2022

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