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Regulatory Capital

3 Months Ended

Mar. 31, 2021

Notes To Financial Statements

Regulatory Capital

13.     Regulatory Capital

Under current capital regulations, the Bank is required to comply with four separate capital adequacy standards and a Capital Conservation Buffer (“CCB”). As of March 31, 2021, the Bank 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 Bank at March 31, 2021 and December 31, 2020 was 4.68% and 4.30%, respectively.

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

​

​	​	​	​	​	​	​	​	​	​	​	​
​		March 31, 2021					December 31, 2020
​	​	​	​	​	Percent of	​	​	​	​	Percent of
​		Amount			Assets		Amount			Assets
​		(Dollars in thousands)									​
Tier I (leverage) capital:		​					​				​
Capital level	​	$	754,487		9.38	%	$	733,010		9.27	%
Requirement to be well capitalized	​		402,389		5.00	​		395,510		5.00	​
Excess	​		352,098		4.38	​		337,500		4.27	​
​	​	​	​	​	​	​	​	​	​	​	​
Common Equity Tier I risk-based capital:	​					​					​
Capital level	​	$	754,487		12.03	%	$	733,010		11.65	%
Requirement to be well capitalized	​		407,515		6.50	​		408,929		6.50	​
Excess	​		346,972		5.53	​		324,081		5.15	​
​	​	​	​	​	​	​	​	​	​	​	​
Tier 1 risk-based capital:	​					​					​
Capital level	​	$	754,487		12.03	%	$	733,010		11.65	%
Requirement to be well capitalized	​		501,557		8.00	​		503,297		8.00	​
Excess	​		252,930		4.03	​		229,713		3.65	​
​	​	​	​	​	​	​	​	​	​	​	​
Total risk-based capital:	​					​					​
Capital level	​	$	794,866		12.68	%	$	773,807		12.30	%
Requirement to be well capitalized	​		626,946		10.00	​		629,121		10.00	​
Excess	​		167,920		2.68	​		144,686		2.30	​

​

The Holding Company is subject to the same regulatory capital requirements as the Bank. As of March 31, 2021, 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 March 31, 2021 and December 31, 2020 was 4.84% and 4.54%, respectively.

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

​

​	​	​	​	​	​	​	​	​	​	​	​
​		March 31, 2021					December 31, 2020
​	​	​	​	​	Percent of	​	​	​	​	Percent of
​		Amount			Assets		Amount			Assets
​	​	(Dollars in thousands)
Tier I (leverage) capital:		​					​				​
Capital level	​	$	679,343		8.44	%	$	662,987		8.38	%
Requirement to be well capitalized	​		402,232		5.00	​		395,439		5.00	​
Excess	​		277,111		3.44	​		267,548		3.38	​
​	​	​	​	​	​	​	​	​	​	​	​
Common Equity Tier I risk-based capital:	​					​					​
Capital level	​	$	636,071		10.15	%	$	621,247		9.88	%
Requirement to be well capitalized	​		407,283		6.50	​		408,694		6.50	​
Excess	​		228,788		3.65	​		212,553		3.38	​
​	​	​	​	​	​	​	​	​	​	​	​
Tier 1 risk-based capital:	​					​					​
Capital level	​	$	679,343		10.84	%	$	662,987		10.54	%
Requirement to be well capitalized	​		501,271		8.00	​		503,008		8.00	​
Excess	​		178,072		2.84	​		159,979		2.54	​
​	​	​	​	​	​	​	​	​	​	​	​
Total risk-based capital:	​					​					​
Capital level	​	$	806,922		12.88	%	$	794,034		12.63	%
Requirement to be well capitalized	​		626,589		10.00	​		628,760		10.00	​
Excess	​		180,333		2.88	​		165,274		2.63	​

​

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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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