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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018 and 2017 is as follows:
 
 
2018
 
2017
Common Stock:
 
 
 
 
Shares authorized
 
100,000,000

 
100,000,000

Shares issued
 
56,518,119

 
56,068,220

Shares outstanding
 
56,407,558

 
55,965,207

Cash dividend per share
 
$
0.76

 
$
0.56

Preferred Stock:
 
 
 
 
Shares authorized
 
20,000,000

 
20,000,000

Shares issued
 
5,000,000

 
5,000,000

Shares outstanding
 
5,000,000

 
5,000,000

Components of Other Comprehensive Income (Loss), Including the Related Income Tax Effects
The following tables summarize the components of other comprehensive income (loss), including the related income tax effects, for the years ended December 31, 2018, 2017 and 2016:
(In thousands)
 
Accumulated
Unrealized
Losses on Securities
 
Accumulated
Unrealized
Gains (Losses) on Derivative
Instruments
 
Accumulated
Foreign
Currency
Translation
Adjustments
 
Total
Accumulated
Other
Comprehensive
Loss
Balance at January 1, 2018
 
$
(15,813
)
 
$
7,164

 
$
(33,186
)
 
$
(41,835
)
Cumulative effect adjustment from the adoption of:
 
 
 
 
 
 
 
 
ASU 2016-01
 
(1,880
)
 

 

 
(1,880
)
ASU 2018-02
 
(4,517
)
 
1,543

 

 
(2,974
)
Other comprehensive (loss) income during the period, net of tax, before reclassification
 
(20,054
)
 
4,498

 
(9,190
)
 
(24,746
)
Amount reclassified from accumulated other comprehensive income into net income, net of tax
 
(24
)
 
(5,348
)
 

 
(5,372
)
Amount reclassified from accumulated other comprehensive income related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale
 
(65
)
 

 

 
(65
)
Net other comprehensive loss during the period, net of tax
 
$
(20,143
)
 
$
(850
)
 
$
(9,190
)
 
$
(30,183
)
Balance at December 31, 2018
 
$
(42,353
)
 
$
7,857

 
$
(42,376
)
 
$
(76,872
)
 
 
 
 
 
 
 
 
 
Balance at January 1, 2017
 
$
(29,309
)
 
$
4,165

 
$
(40,184
)
 
$
(65,328
)
Other comprehensive income during the period, net of tax, before reclassification
 
14,417

 
3,010

 
6,998

 
24,425

Amount reclassified from accumulated other comprehensive income into net income, net of tax
 
(27
)
 
(11
)
 

 
(38
)
Amount reclassified from accumulated other comprehensive income related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale
 
(894
)
 

 

 
(894
)
Net other comprehensive income during the period, net of tax
 
$
13,496

 
$
2,999

 
$
6,998

 
$
23,493

Balance at December 31, 2017
 
$
(15,813
)
 
$
7,164

 
$
(33,186
)
 
$
(41,835
)
 
 
 
 
 
 
 
 
 
Balance at January 1, 2016
 
$
(17,674
)
 
$
(2,193
)
 
$
(42,841
)
 
$
(62,708
)
Other comprehensive (loss) income during the period, net of tax, before reclassification
 
(17,554
)
 
4,464

 
2,657

 
(10,433
)
Amount reclassified from accumulated other comprehensive income (loss) into net income, net of tax
 
(4,641
)
 
1,894

 

 
(2,747
)
Amount reclassified from accumulated other comprehensive income related to amortization of unrealized losses on investment securities transferred to held-to-maturity from available-for-sale
 
10,560

 

 

 
10,560

Net other comprehensive (loss) income during the period, net of tax
 
$
(11,635
)
 
$
6,358

 
$
2,657

 
$
(2,620
)
Balance at December 31, 2016
 
$
(29,309
)
 
$
4,165

 
$
(40,184
)
 
$
(65,328
)
Reclassification out of Accumulated Other Comprehensive Income
 
 
Amount Reclassified from Accumulated Other Comprehensive Income for the Year Ended,
 
 
 
 
 
 
Details Regarding the Component of Accumulated Other Comprehensive Income
 
December 31,
 
Impacted Line on the Consolidated Statements of Income
 
2018
 
2017
 
Accumulated unrealized losses on available-for-sale securities
 
 
 
 
 
 
Gains included in net income
 
$
33

 
$
45

 
Gains on investment securities, net
 
 
33

 
45

 
Income before taxes
Tax effect
 
(9
)
 
(18
)
 
Income tax expense
Net of tax
 
$
24

 
$
27

 
Net income
 
 
 
 
 
 
 
Accumulated unrealized losses on derivative instruments
 
 
 
 
 
 
Amount reclassified to interest expense on deposits
 
$
(7,549
)
 
$
(1,085
)
 
Interest on deposits
Amount reclassified to interest expense on other borrowings
 
236

 

 
Interest on other borrowings
Amount reclassified to interest expense on junior subordinated debentures
 

 
1,066

 
Interest on junior subordinated debentures
 
 
7,313

 
19

 
Income before taxes
Tax effect
 
(1,965
)
 
(8
)
 
Income tax expense
Net of tax
 
$
5,348

 
$
11

 
Net income