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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Commerce Bank
SI Financial Group, Inc.
Preferred Stock
Preferred Stock
Commerce Bank
Common Stock
Common Stock
Commerce Bank
Common Stock
SI Financial Group, Inc.
Additional paid-in capital
Additional paid-in capital
Commerce Bank
Additional paid-in capital
SI Financial Group, Inc.
Unearned compensation
Retained earnings
Accumulated other comprehensive (loss) income
Treasury stock
Beginning balance (shares) at Dec. 31, 2016       0   35,673                  
Beginning balance at Dec. 31, 2016 $ 1,093,298     $ 0   $ 366     $ 898,989     $ (6,374) $ 217,494 $ 9,766 $ (26,943)
Comprehensive income:                              
Net income 55,247                       55,247    
Other net comprehensive income (loss) (5,605)                         (5,605)  
Total comprehensive income 49,642                       55,247 (5,605)  
Stock issued pursuant to acquisition (shares)         522   4,842                
Stock issued pursuant to acquisition   $ 229,233     $ 40,633   $ 48     $ 188,552          
Common stock issued (shares)           4,638                  
Common stock issued 152,984         $ 46     152,938            
Cash dividends declared on common shares (33,022)                       (33,022)    
Cash dividends declared on preferred shares (219)                       (219)    
Forfeited shares (shares)           (17)                  
Forfeited shares 0               102     516     (618)
Exercise of stock options (shares)           19                  
Exercise of stock options 329                       (158)   487
Restricted stock grants (shares)           161                  
Restricted stock grants 0               1,650     (5,775)     4,125
Stock-based compensation 5,102                     5,102      
Other, net (shares)           (26)                  
Other, net (1,083)               256       (163)   (1,176)
Ending balance (shares) at Dec. 31, 2017       522   45,290                  
Ending balance at Dec. 31, 2017 1,496,264     $ 40,633   $ 460     1,242,487     (6,531) 239,179 4,161 (24,125)
Comprehensive income:                              
Net income 105,765                       105,765    
Other net comprehensive income (loss) (12,274)                         (12,274)  
Total comprehensive income 93,491                       105,765 (12,274)  
Cash dividends declared on common shares (39,966)                       (39,966)    
Cash dividends declared on preferred shares (918)                       (918)    
Forfeited shares (shares)           (65)                  
Forfeited shares 0               90     2,189     (2,279)
Exercise of stock options (shares)           33                  
Exercise of stock options 326                       (578)   904
Restricted stock grants (shares)           185                  
Restricted stock grants 0               2,157     (7,011)     4,854
Stock-based compensation 4,759                     4,759      
Other, net (shares)           (26)                  
Other, net (1,038)               279           (1,317)
Ending balance (shares) at Dec. 31, 2018       522   45,417                  
Ending balance at Dec. 31, 2018 1,552,918     $ 40,633   $ 460     1,245,013     (6,594) 308,839 (13,470) (21,963)
Comprehensive income:                              
Net income 97,450                       97,450    
Other net comprehensive income (loss) 25,463                         25,463  
Total comprehensive income 122,913                       97,450 25,463  
Stock issued pursuant to acquisition (shares)               5,691              
Stock issued pursuant to acquisition     $ 176,712         $ 57     $ 176,655        
Cash dividends declared on common shares (44,147)                       (44,147)    
Cash dividends declared on preferred shares (960)                       (960)    
Treasury stock purchased (shares)           (1,726)                  
Treasury stock purchased (52,746)                           (52,746)
Forfeited shares (shares)           (65)                  
Forfeited shares 0               (251)     2,160     (1,909)
Exercise of stock options (shares)           11                  
Exercise of stock options 188                       (100)   288
Restricted stock grants (shares)           299                  
Restricted stock grants 0               932     (8,843)     7,911
Stock-based compensation 4,812                     4,812      
Other, net (shares)           (42)                  
Other, net (1,126)               92           (1,218)
Ending balance (shares) at Dec. 31, 2019       522   49,585                  
Ending balance at Dec. 31, 2019 $ 1,758,564     $ 40,633   $ 517     $ 1,422,441     $ (8,465) $ 361,082 $ 11,993 $ (69,637)