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REGULATORY CAPITAL REQUIREMENTS | 12 Months Ended
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Dec. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] |
REGULATORY CAPITAL REQUIREMENTS | REGULATORY CAPITAL REQUIREMENTS: The Company and Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a material effect on the Company's operations and financial statements. Under capital adequacy guidelines, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and Bank's capital amounts and classifications are also subject to qualitative judgments by the regulators about risk components, asset risk weighting, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to assets (as defined). Management believes, as of December 31, 2024 that the Company and the Bank met all capital adequacy requirements. The following table presents the capital and capital ratios of the Company (on a consolidated basis) and the Bank (on a stand-alone basis) as of the respective dates and as compared to the respective regulatory requirements applicable to them:
| At December 31, 2024
| Actual |  | For Minimum Capital Adequacy Purposes |  | To Be Categorized As “Well Capitalized” Under Prompt Corrective Action Provisions
(dollars in thousands) | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
HomeStreet, Inc. |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage capital (to average assets) (1) | $ | 537,057 |  |  | 5.77 | % |  | $ | 372,319 |  |  | 4.0 | % |  | NA |  | NA
Common equity tier 1 capital (to risk-weighted assets) | 477,057 |  |  | 8.62 | % |  | 249,109 |  |  | 4.5 | % |  | NA |  | NA
Tier 1 risk-based capital (to risk-weighted assets) | 537,057 |  |  | 9.70 | % |  | 332,145 |  |  | 6.0 | % |  | NA |  | NA
Total risk-based capital (to risk-weighted assets) | 677,225 |  |  | 12.23 | % |  | 442,860 |  |  | 8.0 | % |  | NA |  | NA
HomeStreet Bank |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage capital (to average assets) | $ | 678,869 |  |  | 7.30 | % |  | $ | 372,132 |  |  | 4.0 | % |  | $ | 465,165 |  |  | 5.0 | %
Common equity tier 1 capital (to risk-weighted assets) | 678,869 |  |  | 12.27 | % |  | 249,000 |  |  | 4.5 | % |  | 359,667 |  |  | 6.5 | %
Tier 1 risk-based capital (to risk-weighted assets) | 678,869 |  |  | 12.27 | % |  | 332,001 |  |  | 6.0 | % |  | 442,667 |  |  | 8.0 | %
Total risk-based capital (to risk-weighted assets) | 720,498 |  |  | 13.02 | % |  | 442,667 |  |  | 8.0 | % |  | 553,334 |  |  | 10.0 | %
| At December 31, 2023
| Actual |  | For Minimum Capital Adequacy Purposes |  | To Be Categorized As “Well Capitalized” Under Prompt Corrective Action Provisions
(dollars in thousands) | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
HomeStreet, Inc. |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage capital (to average assets) | $ | 675,440 |  |  | 7.04 | % |  | $ | 383,696 |  |  | 4.0 | % |  | NA |  | NA
Common equity tier 1 capital (to risk-weighted assets) | 615,440 |  |  | 9.66 | % |  | 286,709 |  |  | 4.5 | % |  | NA |  | NA
Tier 1 risk-based capital (to risk-weighted assets) | 675,440 |  |  | 10.60 | % |  | 382,279 |  |  | 6.0 | % |  | NA |  | NA
Total risk-based capital (to risk-weighted assets) | 818,075 |  |  | 12.84 | % |  | 509,705 |  |  | 8.0 | % |  | NA |  | NA
HomeStreet Bank |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage capital (to average assets) | $ | 814,719 |  |  | 8.50 | % |  | $ | 383,482 |  |  | 4.0 | % |  | $ | 479,352 |  |  | 5.0 | %
Common equity tier 1 capital (to risk-weighted assets) | 814,719 |  |  | 12.79 | % |  | 286,569 |  |  | 4.5 | % |  | 413,933 |  |  | 6.5 | %
Tier 1 risk-based capital (to risk-weighted assets) | 814,719 |  |  | 12.79 | % |  | 382,092 |  |  | 6.0 | % |  | 509,456 |  |  | 8.0 | %
Total risk-based capital (to risk-weighted assets) | 858,992 |  |  | 13.49 | % |  | 509,456 |  |  | 8.0 | % |  | 636,820 |  |  | 10.0 | %
As of each of the dates set forth in the above table, the Company exceeded the minimum required capital ratios applicable to it and Bank’s capital ratios exceeded the minimums necessary to qualify as a well-capitalized depository institution under the prompt corrective action regulations. No conditions or events have occurred since December 31, 2024 that we believe have changed the Company’s or the Bank’s capital adequacy classifications from those set forth in the above table. In addition to the minimum capital ratios, both the Company and the Bank are required to maintain a “conservation buffer" consisting of additional Common Equity Tier 1 Capital which is at least 2.5% above the required minimum levels in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses. The required ratios for capital adequacy set forth in the above table do not include the additional capital conservation buffer, though each of the Company and Bank maintained capital ratios necessary to satisfy the capital conservation buffer requirements as of the dates indicated. At December 31, 2024, capital conservation buffers for the Company and the Bank were 3.70% and 5.02%, respectively. The following table sets forth the minimum capital ratios plus the applicable increment of the capital conservation buffer:
Common equity to Tier-1 to risk-weighted assets |  | 7.00 | %
Tier 1 capital to risk-weighted assets |  | 8.50 | %
Total capital to risk-weighted assets |  | 10.50 | %

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F + Details
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