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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
Stockholders' Equity | Note 25—Stockholders’ Equity A summary of the Company’s preferred and common stock at December 31, 2019 and 2018 is as follows:
|  | 2019 |  |  | 2018 |
Series B 7.5% fixed to floating non-cumulative perpetual preferred stock |  |  |  |  |  |  |  |
Par value |  | $ | 0.01 |  |  | $ | 0.01 |
Shares authorized |  |  | 50,000 |  |  |  | 50,000 |
Shares issued |  |  | 10,438 |  |  |  | 10,438 |
Shares outstanding |  |  | 10,438 |  |  |  | 10,438 |
Common stock, voting |  |  |  |  |  |  |  |
Par value |  | $ | 0.01 |  |  | $ | 0.01 |
Shares authorized |  |  | 150,000,000 |  |  |  | 150,000,000 |
Shares issued |  |  | 38,256,500 |  |  |  | 36,343,239 |
Shares outstanding |  |  | 38,256,500 |  |  |  | 36,343,239 |
During 2016, the Company authorized and issued Series B 7.50% fixed-to-floating non-voting, noncumulative perpetual preferred stock with a liquidation preference of $1,000 per share, plus the amount of unpaid dividends, if any, which is redeemable at the Company’s option on or after March 31, 2022. Holders of Series B Preferred Stock do not have any rights to convert such stock into shares of any other class of capital stock of the Company. Holders of Series B Preferred Stock are entitled to receive a fixed dividend of 7.50% per annum from the original issue date through December 30, 2021, after which the dividend is paid at a floating rate of three-month LIBOR plus 5.41% per annum. The Company Series B Preferred Stock is included in Tier 1 capital for regulatory capital purposes and is redeemable at the option of the Company at a redemption price of $1,000 per share, plus any declared and unpaid dividends (i) in whole or part on any dividend payment date on or after March 31, 2022, and (ii) in whole but not in part prior to March 31, 2022, within 90 days following a regulatory event, as defined in the Certificate of Designations of the Company Series B Preferred Stock. The Company must receive approval of the Federal Reserve Board prior to any redemption of the Company Series B Preferred Stock. For the years ended December 31, 2019 and 2018, the Company declared and paid dividends on the Series B Preferred Stock of $783,000. Note 25—Stockholders’ Equity (continued) On November 1, 2019, the Company announced that its Board of Directors approved a stock repurchase program authorizing the purchase of up to an aggregate of 1,250,000 shares of the Company’s outstanding common stock. The shares may, at the discretion of management, be repurchased from time to time in open market purchases as market conditions warrant or in privately negotiated transactions. The Company is not obligated to purchase any shares under the program, and the program may be discontinued at any time. The actual timing, number and share price of shares purchased under the repurchase program will be determined by the Company at its discretion and will depend on a number of factors, including the market price of the Company’s stock, general market and economic conditions and applicable legal requirements. The shares authorized to be repurchased represent approximately 3.3% of the Company’s outstanding common stock at December 31, 2019. The program will be in effect until December 31, 2020 unless terminated earlier. On December 12, 2019, the Company’s Board of Directors declared a cash dividend of $0.03 per share payable on January 7, 2020 to stockholders of record of the Company’s common stock as of December 24, 2019.

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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://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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