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REGULATORY MATTERS AND CAPITAL | 12 Months Ended
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Dec. 31, 2018
Regulatory Capital Requirements [Abstract] |
REGULATORY MATTERS AND CAPITAL | REGULATORY MATTERS AND CAPITAL Capital resources represent funds, earned or obtained, over which financial institutions can exercise greater or longer control in comparison with deposits and borrowed funds. Management seeks to maintain a capital structure that will assure an adequate level of capital to support anticipated asset growth and to absorb potential losses, yet allow management to effectively leverage its capital to maximize return to shareholders. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on financial statements of the Company and the Bank. Under capital adequacy guidelines and the regulatory framework for PCA, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. PCA provisions are not applicable to financial holding companies and bank holding companies, but only to their bank subsidiaries. As of December 31, 2018, the most recent notification from the Federal Reserve Bank categorized the Bank as “well capitalized” under the regulatory framework for PCA. To be categorized as “well-capitalized,” an institution must maintain minimum total risk-based, Tier 1 risk-based, Tier 1 leverage, and common equity Tier 1 ratios as set forth in the following tables. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Company and the Bank’s capital amounts and ratios are also presented in the following table at December 31, 2018 and 2017 (dollars in thousands):
| Actual |  | Required for Capital Adequacy Purposes |  | Required in Order to Be Well Capitalized Under PCA
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
As of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common equity Tier 1 capital to risk weighted assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 1,106,871 |  |  | 9.93 | % |  | $ | 501,608 |  |  | 4.50 | % |  | NA |  |  | NA |
Union Bank & Trust | 1,378,039 |  |  | 12.40 | % |  | 500,224 |  |  | 4.50 | % |  | 722,546 |  |  | 6.50 | %
Tier 1 capital to risk weighted assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated | 1,236,709 |  |  | 11.09 | % |  | 668,817 |  |  | 6.00 | % |  | NA |  |  | NA |
Union Bank & Trust | 1,378,039 |  |  | 12.40 | % |  | 666,965 |  |  | 6.00 | % |  | 889,287 |  |  | 8.00 | %
Total capital to risk weighted assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated | 1,435,711 |  |  | 12.88 | % |  | 891,753 |  |  | 8.00 | % |  | NA |  |  | NA |
Union Bank & Trust | 1,419,984 |  |  | 12.77 | % |  | 889,289 |  |  | 8.00 | % |  | 1,111,612 |  |  | 10.00 | %
Tier 1 capital to average adjusted assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated | 1,236,709 |  |  | 9.71 | % |  | 509,678 |  |  | 4.00 | % |  | NA |  |  | NA |
Union Bank & Trust | 1,378,039 |  |  | 10.84 | % |  | 508,412 |  |  | 4.00 | % |  | 635,515 |  |  | 5.00 | %
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common equity Tier 1 capital to risk weighted assets: |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 737,204 |  |  | 9.04 | % |  | $ | 367,073 |  |  | 4.50 | % |  | NA |  |  | NA |
Union Bank & Trust | 947,432 |  |  | 11.66 | % |  | 365,616 |  |  | 4.50 | % |  | 528,111 |  |  | 6.50 | %
Tier 1 capital to risk weighted assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated | 826,979 |  |  | 10.14 | % |  | 489,428 |  |  | 6.00 | % |  | NA |  |  | NA |
Union Bank & Trust | 947,432 |  |  | 11.66 | % |  | 487,488 |  |  | 6.00 | % |  | 649,983 |  |  | 8.00 | %
Total capital to risk weighted assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated | 1,013,788 |  |  | 12.43 | % |  | 652,573 |  |  | 8.00 | % |  | NA |  |  | NA |
Union Bank & Trust | 986,040 |  |  | 12.14 | % |  | 649,983 |  |  | 8.00 | % |  | 812,478 |  |  | 10.00 | %
Tier 1 capital to average adjusted assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated | 826,979 |  |  | 9.42 | % |  | 351,230 |  |  | 4.00 | % |  | NA |  |  | NA |
Union Bank & Trust | 947,432 |  |  | 10.82 | % |  | 350,126 |  |  | 4.00 | % |  | 437,657 |  |  | 5.00 | %
In July 2013, the FRB issued a final rule that makes technical changes to its market risk capital rules to align them with the Basel III regulatory capital framework and meet certain requirements of the Dodd-Frank Act. The phase-in period for the final rules began on January 1, 2015, with full compliance with the final rules to be phased in by January 1, 2019. Refer to Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” section “Capital Resources” in this Form 10-K for additional information.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958572-112826 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958573-112826 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958570-112826 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958569-112826 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958577-112826 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958575-112826 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958574-112826 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84167132&loc=SL5958568-112826 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=84167132&loc=d3e65071-112826 + Details
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