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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Stockholders' Equity Note [Abstract] |
Summary of the Company's Common and Preferred Stock | A summary of the Company’s common and preferred stock at December 31, 2022 and 2021 is as follows:
|  | 2022 |  | 2021
Common Stock: |  |  |  |
Shares authorized |  | 100,000,000 |  |  | 100,000,000 |
Shares issued |  | 60,797,270 |  |  | 58,891,780 |
Shares outstanding |  | 60,794,008 |  |  | 57,054,091 |
Cash dividend per share |  | $ | 1.36 |  |  | $ | 1.24 |
Preferred Stock: |  |  |  |
Shares authorized |  | 20,000,000 |  |  | 20,000,000 |
Shares issued |  | 5,011,500 |  |  | 5,011,500 |
Shares outstanding |  | 5,011,500 |  |  | 5,011,500 |
Components of Other Comprehensive Income (Loss) | The following tables summarize the components of other comprehensive income or loss, including the related income tax effects, and the related amount reclassified to net income for the years ended December 31, 2022, 2021 and 2020:
(In thousands) |  | Accumulated Unrealized Gains (Losses) on Securities |  | Accumulated Unrealized Gains (Losses) on Derivative Instruments |  | Accumulated Foreign Currency Translation Adjustments |  | Total Accumulated Other Comprehensive Income (Loss)
Balance at January 1, 2022 |  | $ | 8,724 |  |  | $ | 27,111 |  |  | $ | (31,743) |  |  | $ | 4,092 |
Other comprehensive loss during the period, net of tax, before reclassifications |  | (394,332) |  |  | (17,295) |  |  | (17,217) |  |  | (428,844) |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax |  | (321) |  |  | (2,435) |  |  | — |  |  | (2,756) |
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax |  | (128) |  |  | — |  |  | — |  |  | (128) |
Net other comprehensive loss during the period, net of tax |  | $ | (394,781) |  |  | $ | (19,730) |  |  | $ | (17,217) |  |  | $ | (431,728) |
Balance at December 31, 2022 |  | $ | (386,057) |  |  | $ | 7,381 |  |  | $ | (48,960) |  |  | $ | (427,636) |
Balance at January 1, 2021 |  | $ | 70,737 |  |  | $ | (23,090) |  |  | $ | (32,265) |  |  | $ | 15,382 |
Other comprehensive (loss) income during the period, net of tax, before reclassifications |  | (61,047) |  |  | 30,482 |  |  | 522 |  |  | (30,043) |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax |  | (789) |  |  | 19,719 |  |  | — |  |  | 18,930 |
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax |  | (177) |  |  | — |  |  | — |  |  | (177) |
Net other comprehensive (loss) income during the period, net of tax |  | $ | (62,013) |  |  | $ | 50,201 |  |  | $ | 522 |  |  | $ | (11,290) |
Balance at December 31, 2021 |  | $ | 8,724 |  |  | $ | 27,111 |  |  | $ | (31,743) |  |  | $ | 4,092 |
Balance at January 1, 2020 |  | $ | 14,982 |  |  | $ | (13,141) |  |  | $ | (36,519) |  |  | $ | (34,678) |
Other comprehensive income (loss) during the period, net of tax, before reclassifications |  | 56,086 |  |  | (23,497) |  |  | 4,254 |  |  | 36,843 |
Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax |  | (162) |  |  | 13,548 |  |  | — |  |  | 13,386 |
Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax |  | (169) |  |  | — |  |  | — |  |  | (169) |
Net other comprehensive income (loss) during the period, net of tax |  | $ | 55,755 |  |  | $ | (9,949) |  |  | $ | 4,254 |  |  | $ | 50,060 |
Balance at December 31, 2020 |  | $ | 70,737 |  |  | $ | (23,090) |  |  | $ | (32,265) |  |  | $ | 15,382 |
Other Comprehensive Income Reclassified from AOCI |
|  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) for the Years Ended, |  |
Details Regarding the Component of Accumulated Other Comprehensive Income (Loss) |  | December 31, |  | Impacted Line on the Consolidated Statements of Income
| 2022 |  | 2021 |
|  | (In thousands) |  |
Accumulated unrealized gains on available-for-sale securities |  |  |  |  |  |
Gains included in net income |  | $ | 439 |  |  | $ | 1,079 |  |  | Gains (losses) on investment securities, net
|  | 439 |  |  | 1,079 |  |  | Income before taxes
Tax effect |  | (118) |  |  | (290) |  |  | Income tax expense
Net of tax |  | $ | 321 |  |  | $ | 789 |  |  | Net income
Accumulated unrealized gains (losses) on derivative instruments |  |  |  |  |  |
Amount reclassified to interest income on loans |  | $ | 1,443 |  |  | $ | — |  |  | Interest on loans
Amount reclassified to interest expense on deposits |  | (5,675) |  |  | 19,640 |  |  | Interest on deposits
Amount reclassified to interest expense on other borrowings |  | 913 |  |  | 2,560 |  |  | Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures |  | — |  |  | 4,683 |  |  | Interest on junior subordinated debentures
|  | 3,319 |  |  | (26,883) |  |  | Income before taxes
Tax effect |  | (884) |  |  | 7,164 |  |  | Income tax expense
Net of tax |  | $ | 2,435 |  |  | $ | (19,719) |  |  | Net income

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