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Supplementary Regulatory Capital Disclosure
 9 Months Ended
Sep. 30, 2018
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. 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. WEX Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Failure to meet minimum capital requirements can result in the initiation of certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could limit our business activities and have a material adverse effect on our business, results of operations and financial condition.
As of September 30, 2018 and December 31, 2017, WEX Bank met all the requirements to be deemed “well-capitalized” pursuant to FDIC regulation and for purposes of the Federal Deposit Insurance Act.
WEX Bank’s actual and regulatory minimum capital amounts and ratios are presented in the following table:
(In thousands)
Actual Amount
 
Ratio
 
Minimum for Capital Adequacy Purposes Amount
 
Ratio
 
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount
 
Ratio
September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Total Capital to risk-weighted assets
$
353,314

 
12.61
%
 
$
224,084

 
8.0
%
 
$
280,104

 
10.0
%
Tier 1 Capital to average assets
$
335,847

 
10.93
%
 
$
122,925

 
4.0
%
 
$
153,656

 
5.0
%
Common equity to risk-weighted assets
$
335,847

 
11.99
%
 
$
126,047

 
4.5
%
 
$
182,068

 
6.5
%
Tier 1 Capital to risk-weighted assets
$
335,847

 
11.99
%
 
$
168,063

 
6.0
%
 
$
224,084

 
8.0
%
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Total Capital to risk-weighted assets
$
316,129

 
13.38
%
 
$
188,991

 
8.0
%
 
$
236,239

 
10.0
%
Tier 1 Capital to average assets
$
304,555

 
12.50
%
 
$
97,452

 
4.0
%
 
$
121,815

 
5.0
%
Common equity to risk-weighted assets
$
304,555

 
12.89
%
 
$
106,308

 
4.5
%
 
$
153,555

 
6.5
%
Tier 1 Capital to risk-weighted assets
$
304,555

 
12.89
%
 
$
141,743

 
6.0
%
 
$
188,991

 
8.0
%