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STOCKHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 10. STOCKHOLDERS’ EQUITY Series A Preferred Stock On June 9, 2020, the Company issued and sold 6,900,000 depositary shares, each representing a 1/400th ownership interest in a share of its 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, par value $10.00 per share (the “Series A preferred stock”), with a liquidation preference of $10,000 per share of Series A preferred stock (equivalent to $25 per depositary share), including 900,000 depositary shares pursuant to the exercise in full by the underwriters of their option to purchase additional depositary shares. The total net proceeds to the Company were approximately $166.4 million, after deducting the underwriting discount and other offering expenses payable by the Company. The Company intends to use the net proceeds of the offering for general corporate purposes in the ordinary course of its business. General corporate purposes may include repayment of debt, loan funding, acquisitions, additions to working capital, capital expenditures and investments in the Company’s subsidiaries. ​ Accumulated Other Comprehensive Income (Loss) The change in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2020 is summarized as follows, net of tax (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gains |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Gains (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) on | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | BOLI | ​ | Total
Balance - June 30, 2020 | ​ | $ | 63,886 | ​ | $ | 65 | ​ | $ | — | ​ | $ | (2,647) | ​ | $ | 61,304
Other comprehensive income (loss): | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
Other comprehensive income (loss) before reclassification | ​ |  | 1,250 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ |  | 1,250
Amounts reclassified from AOCI into earnings | ​ |  | (14) | ​ | ​ | (5) | ​ | ​ | — | ​ | ​ | 127 | ​ |  | 108
Net current period other comprehensive income (loss) | ​ |  | 1,236 | ​ |  | (5) | ​ |  | — | ​ |  | 127 | ​ |  | 1,358
Balance - September 30, 2020 | ​ | $ | 65,122 | ​ | $ | 60 | ​ | $ | — | ​ | $ | (2,520) | ​ | $ | 62,662
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gains |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Gains (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) on | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | BOLI | ​ | Total
Balance - December 31, 2019 | ​ | $ | 37,877 | ​ | $ | 75 | ​ | $ | (782) | ​ | $ | (1,595) | ​ | $ | 35,575
Other comprehensive income (loss): | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
Other comprehensive income (loss) before reclassification | ​ |  | 36,956 | ​ | ​ | — | ​ | ​ | (699) | ​ | ​ | (1,289) | ​ |  | 34,968
Amounts reclassified from AOCI into earnings | ​ |  | (9,711) | ​ | ​ | (15) | ​ | ​ | 1,481 | ​ | ​ | 364 | ​ |  | (7,881)
Net current period other comprehensive income (loss) | ​ |  | 27,245 | ​ |  | (15) | ​ |  | 782 | ​ |  | (925) | ​ |  | 27,087
Balance - September 30, 2020 | ​ | $ | 65,122 | ​ | $ | 60 | ​ | $ | — | ​ | $ | (2,520) | ​ | $ | 62,662
​ ​ The change in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2019 is summarized as follows, net of tax (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gain |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Gains (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | on BOLI | ​ | Total
Balance - June 30, 2019 | ​ | $ | 36,125 | ​ | $ | 85 | ​ | $ | (7,155) | ​ | $ | (988) | ​ | $ | 28,067
Other comprehensive income (loss): | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss) before reclassification | ​ |  | 12,364 | ​ | ​ | — | ​ | ​ | 6,025 | ​ | ​ | (647) | ​ | ​ | 17,742
Amounts reclassified from AOCI into earnings | ​ |  | (5,612) | ​ | ​ | (5) | ​ | ​ | 158 | ​ | ​ | 19 | ​ | ​ | (5,440)
Net current period other comprehensive income (loss) | ​ |  | 6,752 | ​ |  | (5) | ​ |  | 6,183 | ​ |  | (628) | ​ |  | 12,302
Balance - September 30, 2019 | ​ | $ | 42,877 | ​ | $ | 80 | ​ | $ | (972) | ​ | $ | (1,616) | ​ | $ | 40,369
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Unrealized Gain |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | ​ | (Losses) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Unrealized | ​ | for AFS | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Gains (Losses) | ​ | Securities | ​ | Change in Fair | ​ | Gains | ​ | ​ | ​
​ | ​ | on AFS | ​ | Transferred to | ​ | Value of Cash | ​ | (Losses) | ​ | ​ | ​
​ | ​ | Securities | ​ | HTM | ​ | Flow Hedge | ​ | on BOLI | ​ | Total
Balance - December 31, 2018 | ​ | $ | (5,949) | ​ | $ | 95 | ​ | $ | (3,393) | ​ | $ | (1,026) | ​ | $ | (10,273)
Other comprehensive income (loss): | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss) before reclassification | ​ |  | 54,598 | ​ | ​ | — | ​ | ​ | 1,970 | ​ | ​ | (647) | ​ | ​ | 55,921
Amounts reclassified from AOCI into earnings | ​ |  | (5,772) | ​ | ​ | (15) | ​ | ​ | 451 | ​ | ​ | 57 | ​ | ​ | (5,279)
Net current period other comprehensive income (loss) | ​ |  | 48,826 | ​ |  | (15) | ​ |  | 2,421 | ​ |  | (590) | ​ |  | 50,642
Balance - September 30, 2019 | ​ | $ | 42,877 | ​ | $ | 80 | ​ | $ | (972) | ​ | $ | (1,616) | ​ | $ | 40,369
​

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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