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Stockholders' Equity
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Regulatory Capital

The Company and its subsidiary banks (Columbia Bank and Freehold Bank) are subject to various regulatory capital requirements administered by the federal banking regulators, including a risk-based capital measure. The Federal Reserve establishes capital requirements, including well capitalized standards, for the consolidated financial holding company, and the Office of the Comptroller of the Currency (the "OCC") has similar requirements for the Company's subsidiary banks. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's Consolidated Statements of Financial Condition.

Federal regulators require federally insured depository institutions to meet several minimum capital standards: (1) total capital to risk-weighted assets of 8.0%; (2) tier 1 capital to risk-weighted assets of 6.0%; (3) common equity tier 1 capital to risk-weighted assets of 4.5%; and (4) tier 1 capital to adjusted total assets of 4.0%. In addition to establishing the minimum regulatory capital requirements, the regulations limit capital distributions and certain discretionary bonus payments to management if the institution does not hold a "capital conservation buffer" consisting of 2.5% of common equity tier 1 capital to risk-weighted assets above the amount necessary to meet its minimum risk-based capital requirements. The regulators established a framework for the classification of savings institutions into five categories: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. Generally, an institution is considered well capitalized if it has: a total capital to risk-weighted assets ratio of at least 10.0%, a tier 1 capital to risk-weighted assets ratio of at least 8.0%, a common tier 1 capital to risk-weighted assets ratio of at least 6.5%, and a tier 1 capital to adjusted total assets ratio of at least 5.0%. As of December 31, 2023 and 2022, each of the Company and the Columbia Bank and Freehold Bank exceeded all capital adequacy requirements to which it is subject.
    
Based upon most recent notification from federal banking regulators, the banks were categorized as well capitalized under the regulatory framework for prompt corrective action. There are no conditions existing or events which have occurred since notification that management believes have changed the Bank's category.

The following tables presents the Company's, Columbia Bank's and Freehold Bank's actual capital amounts and ratios at December 31, 2023 and 2022 compared to the Federal Reserve Bank minimum capital adequacy requirements and the Federal Reserve Bank requirements for classification as a well-capitalized institution:
(13)    Stockholders' Equity (continued)

Regulatory Capital (continued)
ActualMinimum Capital Adequacy RequirementsMinimum Capital Adequacy Requirements With Capital Conservation BufferTo Be Well Capitalized Under Prompt Corrective Action Provisions
AmountRatioAmountRatioAmountRatioAmountRatio
Company(In thousands, except ratio data)
At December 31, 2023:
Total capital (to risk-weighted assets)$1,120,849 14.08 %$636,767 8.00 %$835,757 10.50 %N/AN/A
Tier 1 capital (to risk-weighted assets)1,060,490 13.32 477,575 6.00 676,565 8.50 N/AN/A
Common equity tier 1 capital (to risk-weighted assets)1,053,273 13.23 358,182 4.50 557,171 7.00 N/AN/A
Tier 1 capital (to adjusted total assets)1,060,490 10.04 422,441 4.00 422,441 4.00 N/AN/A
At December 31, 2022:
Total capital (to risk-weighted assets)$1,145,331 15.39 %$595,313 8.00 %$781,348 10.50 %N/AN/A
Tier 1 capital (to risk-weighted assets)1,085,665 14.59 446,484 6.00 632,520 8.50 N/AN/A
Common equity tier 1 capital (to risk-weighted assets)1,078,448 14.49 334,863 4.50 520,899 7.00 N/AN/A
Tier 1 capital (to adjusted total assets)1,085,665 10.68 406,643 4.00 406,643 4.00 N/AN/A
 Columbia Bank
At December 31, 2023:
Total capital (to risk-weighted assets)$1,033,138 14.02 %$589,622 8.00 %$773,879 10.50 %$737,028 10.00 %
Tier 1 capital (to risk-weighted assets)974,127 13.22 442,217 6.00 626,474 8.50 589,622 8.00 
Common equity tier 1 capital (to risk-weighted assets)974,127 13.22 331,663 4.50 515,920 7.00 479,068 6.50 
Tier 1 capital (to adjusted total assets)974,127 9.48 411,126 4.00 411,126 4.00 513,908 5.00 
At December 31, 2022:
Total capital (to risk-weighted assets)$1,019,850 14.12 %$577,656 8.00 %$758,173 10.50 %$722,070 10.00 %
Tier 1 capital (to risk-weighted assets)961,613 13.32 433,242 6.00 613,759 8.50 577,656 8.00 
Common equity tier 1 capital (to risk-weighted assets)961,613 13.32 324,931 4.50 505,449 7.00 469,345 6.50 
Tier 1 capital (to adjusted total assets)961,613 9.74 394,968 4.00 394,968 4.00 493,711 5.00 
(13)    Stockholders' Equity (continued)

Regulatory Capital (continued)
ActualMinimum Capital Adequacy RequirementsMinimum Capital Adequacy Requirements With Capital Conservation BufferTo Be Well Capitalized Under Prompt Corrective Action Provisions
AmountRatioAmountRatioAmountRatioAmountRatio
Freehold Bank(In thousands, except ratio data)
At December 31, 2023:
Total capital (to risk-weighted assets)$45,417 22.50 %$16,152 8.00 %$21,199 10.50 %$20,189 10.00 %
Tier 1 capital (to risk-weighted assets)44,045 21.82 12,114 6.00 17,161 8.50 16,152 8.00 
Common equity tier 1 capital (to risk-weighted assets)44,045 21.82 9,085 4.50 14,133 7.00 13,123 6.50 
Tier 1 capital (to adjusted total assets)44,045 15.27 11,539 4.00 11,539 4.00 14,424 5.00 
At December 31, 2022:
Total capital (to risk-weighted assets)$44,725 22.92 %$15,609 8.00 %$20,486 10.50 %$19,511 10.00 %
Tier 1 capital (to risk-weighted assets)43,298 22.19 11,706 6.00 16,584 8.50 15,609 8.00 
Common equity tier 1 capital (to risk-weighted assets)43,298 22.19 8,780 4.50 13,657 7.00 12,682 6.50 
Tier 1 capital (to adjusted total assets)43,298 15.19 11,399 4.00 11,399 4.00 14,249 5.00 

Stock Repurchase Program

    On December 6, 2021, the Company announced that its Board of Directors authorized the Company's fourth stock repurchase program to acquire up to 5,000,000 shares, or approximately 4.6% of the Company's then issued and outstanding common stock, commencing upon the completion of the Company's third stock repurchase program. On January 30, 2023, the Company completed the repurchases under the third stock repurchase program.

On December 14, 2022 the Company announced that its Board of Directors authorized the Company's fifth stock repurchase program to acquire up to 3,000,000 shares, or approximately 2.7% of the Company's then issued and outstanding common stock, commencing upon the completion of the Company’s fourth stock repurchase program. On April 25, 2023, the Company completed the repurchases under the fourth stock repurchase program.

On May 25, 2023, the Company announced that its Board of Directors authorized the Company's sixth stock repurchase program to acquire up to 2,000,000 shares, or approximately 1.9% of the Company's then issued and outstanding common stock. As of December 31, 2023, there were 1,106,841 shares authorized and remaining to be purchased under this program.
During the years ended December 31, 2023, 2022, and 2021 the Company repurchased 4,242,693 shares at a cost of approximately $80.5 million, or $18.97 per share, and 4,464,405 shares at a cost of approximately $94.0 million, or $21.05 per share, and 6,055,119 shares at a cost of approximately $107.8 million, or $17.80 respectively, under these programs. Repurchased shares are held as treasury stock and are available for general corporate purposes.