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Supplementary Regulatory Capital Disclosure | 9 Months Ended
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Sep. 30, 2016
Debt Disclosure [Abstract] |
Supplementary Regulatory Capital Disclosure |
17. | Supplementary Regulatory Capital Disclosure
The Company's subsidiary, WEX Bank is subject to various regulatory capital requirements administered by the FDIC and the Utah Department of Financial Institutions. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, WEX Bank must meet specific capital guidelines that involve quantitative measures of WEX Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. WEX Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require WEX Bank to maintain minimum amounts and ratios as defined in the regulations. As of December 31, 2015, the most recent FDIC exam report categorized WEX Bank as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events subsequent to that examination report that management believes have changed WEX Bank’s capital rating. WEX Bank’s actual and regulatory minimum capital amounts and ratios as of September 30, 2016 are presented in the following table:
| Actual Amount |  | Ratio |  | Minimum for Capital Adequacy Purposes Amount |  | Ratio |  | Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount |  | Ratio
Total Capital to risk-weighted assets | $ | 245,245 |  |  | 14.30 | % |  | $ | 137,200 |  |  | 8.00 | % |  | $ | 171,500 |  |  | 10.00 | %
Tier 1 Capital to average assets | 236,458 |  |  | 12.12 | % |  | 78,039 |  |  | 4.00 | % |  | 97,549 |  |  | 5.00 | %
Common equity to risk-weighted assets | 236,458 |  |  | 13.79 | % |  | 77,162 |  |  | 4.50 | % |  | 111,456 |  |  | 6.50 | %
Tier 1 Capital to risk-weighted assets | 236,458 |  |  | 13.79 | % |  | 102,882 |  |  | 6.00 | % |  | 137,177 |  |  | 8.00 | %
WEX Bank's actual and regulatory minimum capital amounts and ratios as of December 31, 2015 are presented in the following table:
| Actual Amount |  | Ratio |  | Minimum for Capital Adequacy Purposes Amount |  | Ratio |  | Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount |  | Ratio
Total Capital to risk-weighted assets | $ | 202,294 |  |  | 15.50 | % |  | $ | 104,437 |  |  | 8.00 | % |  | $ | 130,547 |  |  | 10.00 | %
Tier 1 Capital to average assets | 193,337 |  |  | 11.23 | % |  | 68,865 |  |  | 4.00 | % |  | 86,082 |  |  | 5.00 | %
Common equity to risk-weighted assets | 193,337 |  |  | 14.81 | % |  | 58,746 |  |  | 4.50 | % |  | 84,855 |  |  | 6.50 | %
Tier 1 Capital to risk-weighted assets | 193,337 |  |  | 14.81 | % |  | 78,328 |  |  | 6.00 | % |  | 104,437 |  |  | 8.00 | %

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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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958577-112826 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958572-112826 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958574-112826 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=35709795&loc=d3e65071-112826 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958569-112826 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958570-112826 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958575-112826 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958568-112826 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958573-112826 + Details
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