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Supplementary Regulatory Capital Disclosure
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Supplementary Regulatory Capital Disclosure
18.
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 initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could limit our business activities and have a material effect on our business, results of operations and financial condition.
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 June 30, 2019, 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.
The following table presents WEX Bank’s actual and regulatory minimum capital amounts and ratios:
(In thousands)
Actual Amount
 
Ratio
 
Minimum for Capital Adequacy Purposes Amount
 
Ratio
 
Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount
 
Ratio
June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
Total Capital to risk-weighted assets
$
367,330

 
12.60
%
 
$
233,152

 
8.0
%
 
$
291,440

 
10.0
%
Tier 1 Capital to average assets
$
348,898

 
11.37
%
 
$
122,746

 
4.0
%
 
$
153,433

 
5.0
%
Common equity to risk-weighted assets
$
348,898

 
11.97
%
 
$
131,148

 
4.5
%
 
$
189,436

 
6.5
%
Tier 1 Capital to risk-weighted assets
$
348,898

 
11.97
%
 
$
174,864

 
6.0
%
 
$
233,152

 
8.0
%
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Total Capital to risk-weighted assets
$
323,178

 
12.82
%
 
$
201,749

 
8.0
%
 
$
252,186

 
10.0
%
Tier 1 Capital to average assets
$
305,734

 
10.88
%
 
$
112,401

 
4.0
%
 
$
140,501

 
5.0
%
Common equity to risk-weighted assets
$
305,734

 
12.12
%
 
$
113,484

 
4.5
%
 
$
163,921

 
6.5
%
Tier 1 Capital to risk-weighted assets
$
305,734

 
12.12
%
 
$
151,312

 
6.0
%
 
$
201,749

 
8.0
%