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Supplementary Regulatory Capital Disclosure
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Supplementary Regulatory Capital Disclosure
25.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 business activities and have a material effect on the Company's 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 December 31, 2021, 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 AmountRatioMinimum for Capital Adequacy Purposes AmountRatioMinimum to Be Well Capitalized Under Prompt Corrective Action Provisions AmountRatio
December 31, 2021
Total Capital to risk-weighted assets$402,406 12.63 %$254,984 8.00 %$318,731 10.00 %
Tier 1 Capital to average assets$366,121 8.75 %$167,317 4.00 %$209,147 5.00 %
Common equity to risk-weighted assets$366,121 11.49 %$143,429 4.50 %$207,175 6.50 %
Tier 1 Capital to risk-weighted assets$366,121 11.49 %$191,238 6.00 %$254,984 8.00 %
December 31, 2020
Total Capital to risk-weighted assets$299,136 15.04 %$159,148 8.00 %$198,935 10.00 %
Tier 1 Capital to average assets$287,570 12.71 %$90,514 4.00 %$113,143 5.00 %
Common equity to risk-weighted assets$287,570 14.46 %$89,521 4.50 %$129,308 6.50 %
Tier 1 Capital to risk-weighted assets$287,570 14.46 %$119,361 6.00 %$159,148 8.00 %