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Note 14 - Regulatory Capital

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Regulatory Capital Requirements under Banking Regulations [Text Block]

14.

Regulatory Capital

Under current capital regulations, the Bank is required to comply with

four

separate capital adequacy standards. As of

December 31, 2018,

the Bank continued to be categorized as “well-capitalized” under the prompt corrective action regulations and continued to exceed all regulatory capital requirements. In

2016,

a Capital Conservation Buffer (“CCB”) requirement became effective for banks. The CCB is designed to establish a capital range above minimum capital requirements and impose constraints on dividends, share buybacks and discretionary bonus payments when capital levels fall below prescribed levels. The minimum CCB in

2018

was

1.875%

and increases

0.625%

annually through

2019

to

2.5%.

The CCB for the Bank at

December 31, 2018

and

2017

was

5.70%

and

6.31%,

respectively.

Set forth below is a summary of the Bank’s compliance with banking regulatory capital standards.

		December 31, 2018								December 31, 2017
		Amount				Percent of Assets				Amount				Percent of Assets
		(Dollars in thousands)
Tier I (leverage) capital:
Capital level		$	660,782				9.85	%		$	631,285				10.11	%
Requirement to be well capitalized			335,512				5.00				312,343				5.00
Excess			325,270				4.85				318,942				5.11
Common Equity Tier I risk-based capital:
Capital level		$	660,782				13.28	%		$	631,285				13.87	%
Requirement to be well capitalized			323,386				6.50				295,937				6.50
Excess			337,396				6.78				335,348				7.37
Tier I risk-based capital:
Capital level		$	660,782				13.28	%		$	631,285				13.87	%
Requirement to be well capitalized			398,014				8.00				364,230				8.00
Excess			262,768				5.28				267,055				5.87
Total risk-based capital:
Capital level		$	681,727				13.70	%		$	651,636				14.31	%
Requirement to be well capitalized			497,517				10.00				455,288				10.00
Excess			184,210				3.70				196,348				4.31

The Holding Company is subject to the same regulatory capital requirements as the Bank. As of

December 31, 2018,

the Holding Company continues to be categorized as “well-capitalized” under the prompt corrective action regulations and continues to exceed all regulatory capital requirements. The CCB for the Holding Company at

December 31, 2018

and

2017

was

5.72%

and

6.38%,

respectively.

Set forth below is a summary of the Holding Company’s compliance with banking regulatory capital standards.

		December 31, 2018								December 31, 2017
		Amount				Percent of Assets				Amount				Percent of Assets
		(Dollars in thousands)
Tier I (leverage) capital:
Capital level		$	586,582				8.74	%		$	563,426				9.02	%
Requirement to be well capitalized			335,616				5.00				312,278				5.00
Excess			250,966				3.74				251,148				4.02
Common Equity Tier I risk-based capital:
Capital level		$	546,230				10.98	%		$	527,727				11.59	%
Requirement to be well capitalized			323,382				6.50				295,865				6.50
Excess			222,848				4.48				231,862				5.09
Tier I risk-based capital:
Capital level		$	586,582				11.79	%		$	563,426				12.38	%
Requirement to be well capitalized			398,008				8.00				364,141				8.00
Excess			188,574				3.79				199,285				4.38
Total risk-based capital:
Capital level		$	682,527				13.72	%		$	658,777				14.47	%
Requirement to be well capitalized			497,511				10.00				455,177				10.00
Excess			185,016				3.72				203,600				4.47

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- Definition

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

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