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Consolidated Statements of Changes in Shareholders' Equity - Unaudited - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Beginning balance, preferred stock (shares) at Dec. 31, 2020   9,000,000          
Beginning balance at Dec. 31, 2020 $ 1,117,086 $ 217,471 $ 32,986 $ 455,592 $ 438,581 $ (5,764) $ (21,780)
Beginning balance, common stock (shares) at Dec. 31, 2020     31,705,088        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 36,595       36,595    
Other comprehensive income (loss) 11,155         11,155  
Preferred stock dividends [1] (3,391)       (3,391)    
Sale of non-controlling interest in BMT [2] 31,893     31,893      
Distribution of investment in BM Technologies [3] (32,983)       (32,983)    
Restricted stock awards to certain BMT team members [4] 19,592     19,592      
Share-based compensation expense 3,609     3,609      
Issuance of common stock under share-based compensation arrangements (shares)     533,674        
Issuance of common stock under share-based compensation arrangements 5,165   $ 533 4,632      
Ending balance, preferred stock (shares) at Mar. 31, 2021   9,000,000          
Ending balance at Mar. 31, 2021 $ 1,188,721 $ 217,471 $ 33,519 515,318 438,802 5,391 (21,780)
Ending balance, common stock (shares) at Mar. 31, 2021     32,238,762        
Beginning balance, preferred stock (shares) at Dec. 31, 2021 5,700,000 5,700,000          
Beginning balance at Dec. 31, 2021 $ 1,366,217 $ 137,794 $ 34,722 542,391 705,732 (4,980) (49,442)
Beginning balance, common stock (shares) at Dec. 31, 2021 32,913,267   32,913,267        
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income $ 76,761       76,761    
Other comprehensive income (loss) (57,568)         (57,568)  
Preferred stock dividends [1] (1,865)       (1,865)    
Share-based compensation expense 3,703     3,703      
Issuance of common stock under share-based compensation arrangements (shares)     159,904        
Issuance of common stock under share-based compensation arrangements (3,532)   $ 160 (3,692)      
Repurchase of common shares (shares)     (115,324)        
Repurchase of common shares $ (6,310)           (6,310)
Ending balance, preferred stock (shares) at Mar. 31, 2022 5,700,000 5,700,000          
Ending balance at Mar. 31, 2022 $ 1,377,406 $ 137,794 $ 34,882 $ 542,402 $ 780,628 $ (62,548) $ (55,752)
Ending balance, common stock (shares) at Mar. 31, 2022 32,957,847   32,957,847        
[1] Dividends per share of $0.333922 and $0.310297 per share were declared on Series E and F preferred stock for the three months ended March 31, 2022. Dividends per share of $0.34478125, $0.40625, $0.403125, and $0.375 per share were declared on Series C, D, E, and F preferred stock for the three months ended March 31, 2021.
[2] Refer to NOTE 3 – DISCONTINUED OPERATIONS for additional information about the sale of non-controlling interest in BMT including the reverse recapitalization of MFAC.
[3] Immediately after the closing of the BMT divestiture, Customers distributed all of its remaining investment in BM Technologies' common stock to its shareholders as special dividends, equivalent to 0.15389 of BM Technologies common stock for each share of Customers common stock. Refer to NOTE 3 – DISCONTINUED OPERATIONS.
[4] At the closing of the BMT divestiture, certain team members of BMT received restricted stock awards in BM Technologies' common stock. Refer to NOTE 3 – DISCONTINUED OPERATIONS.