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Equity (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Schedule of Changes to Accumulated Other Comprehensive Income by Component | The following table provides a summary of changes to Accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2023 and 2022. Table 18.1 – Changes in Accumulated Other Comprehensive Income (Loss) by Component
|  | Three Months Ended June 30, 2023 |  | Three Months Ended June 30, 2022
(In Thousands) |  | Available-for-Sale Securities |  | Interest Rate Agreements Accounted for as Cash Flow Hedges |  | Available-for-Sale Securities |  | Interest Rate Agreements Accounted for as Cash Flow Hedges
Balance at beginning of period |  | $ | 8,249 |  |  | $ | (71,285) |  |  | $ | 48,938 |  |  | $ | (75,412) |
Other comprehensive loss before reclassifications |  | (688) |  |  | — |  |  | (33,409) |  |  | — |
Amounts reclassified from other accumulated comprehensive income (loss) |  | 604 |  |  | 1,029 |  |  | 1,066 |  |  | 1,029 |
Net current-period other comprehensive income (loss) |  | (84) |  |  | 1,029 |  |  | (32,343) |  |  | 1,029 |
Balance at End of Period |  | $ | 8,165 |  |  | $ | (70,256) |  |  | $ | 16,595 |  |  | $ | (74,383) |
|  | Six Months Ended June 30, 2023 |  | Six Months Ended June 30, 2022
(In Thousands) |  | Available-for-Sale Securities |  | Interest Rate Agreements Accounted for as Cash Flow Hedges |  | Available-for-Sale Securities |  | Interest Rate Agreements Accounted for as Cash Flow Hedges
Balance at beginning of period |  | $ | 3,435 |  |  | $ | (72,303) |  |  | $ | 67,503 |  |  | $ | (76,430) |
Other comprehensive income (loss) before reclassifications |  | 4,319 |  |  | — |  |  | (51,282) |  |  | — |
Amounts reclassified from other accumulated comprehensive income (loss) |  | 411 |  |  | 2,047 |  |  | 374 |  |  | 2,047 |
Net current-period other comprehensive income (loss) |  | 4,730 |  |  | 2,047 |  |  | (50,908) |  |  | 2,047 |
Balance at End of Period |  | $ | 8,165 |  |  | $ | (70,256) |  |  | $ | 16,595 |  |  | $ | (74,383) |
Schedule of Reclassifications out of Accumulated Other Comprehensive Income | The following table provides a summary of reclassifications out of Accumulated other comprehensive income (loss) for the three and six months ended June 30, 2023 and 2022. Table 18.2 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
|  |  |  | Amount Reclassified From Accumulated Other Comprehensive (Loss)
|  | Affected Line Item in the |  | Three Months Ended June 30,
(In Thousands) |  | Income Statement |  | 2023 |  | 2022
Net Realized Loss on AFS Securities |  |  |  |  |  |
Increase in allowance for credit losses on AFS securities |  | Investment fair value changes, net |  | $ | 71 |  |  | $ | 1,066 |
Loss on sale of AFS securities |  | Realized gains, net |  | 533 |  |  | — |
|  |  |  | $ | 604 |  |  | $ | 1,066 |
Net Realized Loss on Interest Rate Agreements Designated as Cash Flow Hedges |  |  |  |  |  |
Amortization of deferred loss |  | Interest expense |  | $ | 1,029 |  |  | $ | 1,029 |
|  |  |  | $ | 1,029 |  |  | $ | 1,029 |
|  |  |  | Amount Reclassified From Accumulated Other Comprehensive (Loss)
|  | Affected Line Item in the |  | Six Months Ended June 30,
(In Thousands) |  | Income Statement |  | 2023 |  | 2022
Net Realized (Gain) Loss on AFS Securities |  |  |  |  |  |
Increase in allowance for credit losses on AFS securities |  | Investment fair value changes, net |  | $ | 99 |  |  | $ | 1,771 |
Loss (gain) on sale of AFS securities |  | Realized gains, net |  | 312 |  |  | (1,397) |
|  |  |  | $ | 411 |  |  | $ | 374 |
Net Realized Loss on Interest Rate Agreements Designated as Cash Flow Hedges |  |  |  |  |  |
Amortization of deferred loss |  | Interest expense |  | $ | 2,047 |  |  | $ | 2,047 |
|  |  |  | $ | 2,047 |  |  | $ | 2,047 |
Schedule of Basic and Diluted Earnings Per Common Share | The following table provides the basic and diluted earnings per common share computations for the three and six months ended June 30, 2023 and 2022. Table 18.3 – Basic and Diluted Earnings per Common Share
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In Thousands, except Share Data) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Basic Earnings per Common Share: |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 1,115 |  |  | $ | (99,966) |  |  | $ | 4,316 |  |  | $ | (69,051) |
Less: Dividends and undistributed earnings allocated to participating securities |  | (876) |  |  | (1,159) |  |  | (2,280) |  |  | (2,286) |
Net income allocated to common stockholders |  | $ | 239 |  |  | $ | (101,125) |  |  | $ | 2,036 |  |  | $ | (71,337) |
Basic weighted average common shares outstanding |  | 114,051,017 |  |  | 119,660,173 |  |  | 113,830,347 |  |  | 119,771,554 |
Basic Earnings per Common Share |  | $ | — |  |  | $ | (0.85) |  |  | $ | 0.02 |  |  | $ | (0.60) |
Diluted Earnings per Common Share: |  |  |  |  |  |  |  |
Net income available to common stockholders |  | $ | 1,115 |  |  | $ | (99,966) |  |  | $ | 4,316 |  |  | $ | (69,051) |
Less: Dividends and undistributed earnings allocated to participating securities |  | (876) |  |  | (1,159) |  |  | (2,280) |  |  | (2,286) |
Add back: Interest expense on convertible notes for the period, net of tax |  | — |  |  | — |  |  | — |  |  | — |
Net income allocated to common stockholders |  | $ | 239 |  |  | $ | (101,125) |  |  | $ | 2,036 |  |  | $ | (71,337) |
Weighted average common shares outstanding |  | 114,051,017 |  |  | 119,660,173 |  |  | 113,830,347 |  |  | 119,771,554 |
Net effect of dilutive equity awards |  | 394,245 |  |  | — |  |  | 424,945 |  |  | — |
Net effect of assumed convertible notes conversion to common shares |  | — |  |  | — |  |  | — |  |  | — |
Diluted weighted average common shares outstanding |  | 114,445,262 |  |  | 119,660,173 |  |  | 114,255,292 |  |  | 119,771,554 |
Diluted Earnings per Common Share |  | $ | — |  |  | $ | (0.85) |  |  | $ | 0.02 |  |  | $ | (0.60) |

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