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Equity
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Equity
Capital Purchase Program ("CPP") Warrants
As of September 30, 2018 and December 31, 2017, respectively, the Company has 2.1 million and 2.2 million of CPP warrants outstanding and exercisable. CPP warrant exercises were 0.1 million and 0.6 million for the three months ended September 30, 2018 and 2017, respectively. CPP warrant exercises were 0.2 million and 1.7 million for the nine months ended September 30, 2018 and 2017, respectively.
The declaration of common stock dividends by the Company in excess of a threshold triggers a provision in the Company's warrant agreement with The Bank of New York Mellon resulting in adjustments to the CPP warrant exercise price. Accordingly, the declaration of a common stock dividend during the three months ended September 30, 2018 resulted in an adjustment to the CPP warrant exercise price. The CPP warrant exercise price was $8.886 as of September 30, 2018 and $8.999 as of December 31, 2017.
Equity Repurchase Program
The Company does not currently have an equity repurchase authorization in 2018.