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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Preferred Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Preferred Stock
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Additional Paid-in Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid-in Capital
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Unearned Equity Awards
Common Stock Held by BMP
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock Held by BMP
Treasury Stock, at Cost
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury Stock, at Cost
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjusted Balance
Total
Balance at Dec. 31, 2019       $ 348   $ 279,511     $ 581,817   $ (5,940) $ (6,731)   $ (1,496)   $ (250,751)     $ 596,758
Balance (in shares) at Dec. 31, 2019       22,780,208                              
Increase (Decrease) in Stockholders' Equity                                      
Net (loss) income                 8,392                   8,392
Other comprehensive income (loss), net of tax                     (6,692)               (6,692)
Release of shares, net of forfeitures           5           (7)       2      
Release of shares, net of forfeitures (in shares)       59                              
Stock-based compensation                       671             671
Proceeds from Preferred Stock issuance, net   $ 72,224                                 72,224
Shares received related to tax withholding                               (79)     (79)
Shares received related to tax withholding (in shares)       (3,025)                              
Cash dividends declared and paid to common stockholders, net                 (4,915)                   (4,915)
Repurchase of shares of Common Stock                               (20,711)     (20,711)
Repurchase of shares of Common Stock (in shares)       (825,992)                              
Balance at Mar. 31, 2020   72,224   $ 348   279,516     585,294   (12,632) (6,067)   (1,496)   (271,539)     645,648
Balance (in shares) at Mar. 31, 2020       21,951,250                              
Balance at Dec. 31, 2020 $ 116,569 116,569 $ 348 $ 348 $ 278,295 278,295 $ 1,686 $ 602,327 600,641 $ (5,924) (5,924)   $ (1,496) (1,496) $ (287,337) (287,337) $ 1,686 $ 702,782 $ 701,096
Balance (in shares) at Dec. 31, 2020     21,232,984 21,232,984                             21,232,984
Increase (Decrease) in Stockholders' Equity                                      
Net (loss) income                 (21,034)                   $ (21,034)
Other comprehensive income (loss), net of tax                     6,455               6,455
Reverse merger with Bridge Bancorp, Inc.       $ 65   206,641           (2,603)       287,107     491,210
Reverse merger with Bridge Bancorp, Inc. (in shares)       19,992,284                              
Exercise of stock options           292                   80     372
Exercise of stock options (in shares)       15,928                              
Release of shares, net of forfeitures       $ 3   8,562           (8,340)       (33)     192
Release of shares, net of forfeitures (in shares)       335,959                              
Stock-based compensation                       836             836
Shares received to satisfy distribution of retirement benefits           (1,359)               $ 1,496   (1,130)     (993)
Shares received to satisfy distribution of retirement benefits (in shares)       (41,101)                              
Cash dividends declared and paid to preferred stockholders                 (1,821)                   (1,821)
Cash dividends declared and paid to common stockholders, net                 (5,175)                   (5,175)
Balance at Mar. 31, 2021   $ 116,569   $ 416   $ 492,431     $ 574,297   $ 531 $ (10,107)       $ (1,313)     $ 1,172,824
Balance (in shares) at Mar. 31, 2021       41,536,054                             41,536,054