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Regulatory Capital

12 Months Ended

Dec. 31, 2019

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, 2019, the Bank continued to be categorized as “well-capitalized” under the prompt corrective action regulations and continued to exceed all regulatory capital requirements. The Bank is also required to comply with a Capital Conservation Buffer (“CCB”). 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 is 2.5%. The CCB for the Bank at December 31, 2019 and 2018 was 5.43% and 5.70%, respectively.

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

​

​	​	​	​	​	​	​	​	​	​	​	​
​		December 31, 2019					December 31, 2018
​	​	​	​	​	Percent of	​	​	​	​	Percent of
​		Amount			Assets		Amount			Assets
​		(Dollars in thousands)									​
Tier I (leverage) capital:		​					​				​
Capital level	​	$	680,749		9.65	%	$	660,782		9.85	%
Requirement to be well capitalized	​		352,581		5.00	​		335,512		5.00	​
Excess	​		328,168		4.65	​		325,270		4.85	​
​	​	​	​	​	​	​	​	​	​	​	​
Common Equity Tier I risk-based capital:	​					​					​
Capital level	​	$	680,749		13.02	%	$	660,782		13.28	%
Requirement to be well capitalized	​		339,944		6.50	​		323,386		6.50	​
Excess	​		340,805		6.52	​		337,396		6.78	​
​	​	​	​	​	​	​	​	​	​	​	​
Tier I risk-based capital:	​					​					​
Capital level	​	$	680,749		13.02	%	$	660,782		13.28	%
Requirement to be well capitalized	​		418,393		8.00	​		398,014		8.00	​
Excess	​		262,356		5.02	​		262,768		5.28	​
​	​	​	​	​	​	​	​	​	​	​	​
Total risk-based capital:	​					​					​
Capital level	​	$	702,500		13.43	%	$	681,727		13.70	%
Requirement to be well capitalized	​		522,991		10.00	​		497,517		10.00	​
Excess	​		179,509		3.43	​		184,210		3.70	​

​

The Holding Company is subject to the same regulatory capital requirements as the Bank. As of December 31, 2019, 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, 2019 and 2018 was 5.62% and 5.72%, respectively.

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

​

​	​	​	​	​	​	​	​	​	​	​	​
​		December 31, 2019					December 31, 2018
​	​	​	​	​	Percent of	​	​	​	​	Percent of
​		Amount			Assets		Amount			Assets
​	​	(Dollars in thousands)
Tier I (leverage) capital:		​					​				​
Capital level	​	$	615,500		8.73	%	$	586,582		8.74	%
Requirement to be well capitalized	​		352,581		5.00	​		335,616		5.00	​
Excess	​		262,919		3.73	​		250,966		3.74	​
​	​	​	​	​	​	​	​	​	​	​	​
Common Equity Tier I risk-based capital:	​					​					​
Capital level	​	$	572,651		10.95	%	$	546,230		10.98	%
Requirement to be well capitalized	​		339,929		6.50	​		323,382		6.50	​
Excess	​		232,722		4.45	​		222,848		4.48	​
​	​	​	​	​	​	​	​	​	​	​	​
Tier I risk-based capital:	​					​					​
Capital level	​	$	615,500		11.77	%	$	586,582		11.79	%
Requirement to be well capitalized	​		418,374		8.00	​		398,008		8.00	​
Excess	​		197,126		3.77	​		188,574		3.79	​
​	​	​	​	​	​	​	​	​	​	​	​
Total risk-based capital:	​					​					​
Capital level	​	$	712,251		13.62	%	$	682,527		13.72	%
Requirement to be well capitalized	​		522,967		10.00	​		497,511		10.00	​
Excess	​		189,284		3.62	​		185,016		3.72	​

​

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The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

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