Shareholders' Equity

6 Months Ended

Jun. 30, 2019

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Dividends:

The following table summarizes year-to-date dividend activity as of June 30, 2019:

Declared	Regular Cash Dividends Per Common Share		Special Cash Dividends Per Common Share		Record Date	Paid Date
January 24, 2019	$	0.28	$	0.14	February 6, 2019	February 20, 2019
April 25, 2019	$	0.28	$	0.14	May 8, 2019	May 22, 2019

Subsequent to quarter end, on July 25, 2019, the Company declared a regular quarterly cash dividend of $0.28 per common share payable on August 21, 2019 to shareholders of record at the close of business on August 7, 2019.

The payment of cash dividends is subject to federal regulatory requirements for capital levels and other restrictions. In addition, the cash dividends paid by Columbia Bank to the Company are subject to both federal and state regulatory requirements.

Share Repurchase Program:

For the three and six months ended June 30, 2019, the Company repurchased 624,158 shares of common stock at an average price of $35.03 per share. As of June 30, 2019, there are 2,275,842 remaining shares authorized to be repurchased under the current Board approved share repurchase program.