XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.19.2

Regulatory Capital | 6 Months Ended
--- | ---
Jun. 30, 2019
Regulatory Capital |
Regulatory Capital | Note 11: Regulatory Capital ​ The Company and the subsidiary banks are subject to various regulatory capital requirements administered by federal banking agencies. 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 the Company's consolidated financial statements. The capital amounts and classification also are subject to qualitative judgments by the regulators about components, risk weightings and other factors. ​ Banking regulations identify five capital categories for insured depository institutions: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized. As of June 30, 2019 and December 31, 2018, all capital ratios of the Company and the subsidiary banks exceeded the well capitalized levels under the applicable regulatory capital adequacy guidelines. Management believes that no events or changes have occurred subsequent to June 30, 2019 that would change this designation. ​ The following tables summarize the applicable holding company and bank regulatory capital requirements (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Minimum |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Minimum | ​ | ​ | To Be Well |
​ | Actual | ​ | ​ | Capital Requirement | ​ | ​ | Capitalized |
​ | Amount |  | Ratio |  | ​ | Amount |  | Ratio |  | ​ | Amount |  | Ratio |
As of June 30, 2019: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 1,015,740 |  | 13.96 | % | ​ | $ | 581,993 |  | 8.00 | % | ​ | $ | 727,491 |  | 10.00 | %
Busey Bank | $ | 893,175 |  | 14.53 | % | ​ | $ | 491,782 |  | 8.00 | % | ​ | $ | 614,727 |  | 10.00 | %
TheBANK | $ | 194,755 |  | 17.34 | % | ​ | $ | 89,849 |  | 8.00 | % | ​ | $ | 112,312 |  | 10.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tier 1 Capital (to Risk Weighted Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 904,365 |  | 12.43 | % | ​ | $ | 436,495 |  | 6.00 | % | ​ | $ | 581,993 |  | 8.00 | %
Busey Bank | $ | 842,312 |  | 13.70 | % | ​ | $ | 368,837 |  | 6.00 | % | ​ | $ | 491,782 |  | 8.00 | %
TheBANK | $ | 194,243 |  | 17.30 | % | ​ | $ | 67,387 |  | 6.00 | % | ​ | $ | 89,849 |  | 8.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 830,365 |  | 11.41 | % | ​ | $ | 327,371 |  | 4.50 | % | ​ | $ | 472,869 |  | 6.50 | %
Busey Bank | $ | 842,312 |  | 13.70 | % | ​ | $ | 276,628 |  | 4.50 | % | ​ | $ | 399,573 |  | 6.50 | %
TheBANK | $ | 194,243 |  | 17.30 | % | ​ | $ | 50,540 |  | 4.50 | % | ​ | $ | 73,003 |  | 6.50 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tier 1 Capital (to Average Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 904,365 |  | 9.87 | % | ​ | $ | 366,386 |  | 4.00 | % | ​ |  | N/A |  | N/A | ​
Busey Bank | $ | 842,312 |  | 11.40 | % | ​ | $ | 295,539 |  | 4.00 | % | ​ | $ | 369,424 |  | 5.00 | %
TheBANK | $ | 194,243 |  | 10.93 | % | ​ | $ | 71,062 |  | 4.00 | % | ​ | $ | 88,827 |  | 5.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Minimum | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Minimum | ​ | ​ | To Be Well | ​
​ | Actual | ​ | ​ | Capital Requirement | ​ | ​ | Capitalized | ​
​ | Amount |  | Ratio |  | ​ | Amount |  | Ratio |  | ​ | Amount |  | Ratio | ​
As of December 31, 2018: | ​ | ​
Total Capital (to Risk Weighted Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 894,572 |  | 14.83 | % | ​ | $ | 482,638 |  | 8.00 | % | ​ | $ | 603,297 |  | 10.00 | %
Busey Bank | $ | 854,351 |  | 14.19 | % | ​ | $ | 481,701 |  | 8.00 | % | ​ | $ | 602,126 |  | 10.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tier 1 Capital (to Risk Weighted Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 783,924 |  | 12.99 | % | ​ | $ | 361,978 |  | 6.00 | % | ​ | $ | 482,638 |  | 8.00 | %
Busey Bank | $ | 803,703 |  | 13.35 | % | ​ | $ | 361,276 |  | 6.00 | % | ​ | $ | 481,701 |  | 8.00 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common Equity Tier 1 Capital (to Risk Weighted Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 709,924 |  | 11.77 | % | ​ | $ | 271,484 |  | 4.50 | % | ​ | $ | 392,143 |  | 6.50 | %
Busey Bank | $ | 803,703 |  | 13.35 | % | ​ | $ | 270,957 |  | 4.50 | % | ​ | $ | 391,382 |  | 6.50 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Tier 1 Capital (to Average Assets) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | $ | 783,924 |  | 10.36 | % | ​ | $ | 302,704 |  | 4.00 | % | ​ |  | N/A |  | N/A | ​
Busey Bank | $ | 803,703 |  | 10.64 | % | ​ | $ | 302,232 |  | 4.00 | % | ​ | $ | 377,789 |  | 5.00 | %
​ ​ ​ ​ ​ ​ ​ In July 2013, the U.S. federal banking authorities approved the Basel III Rule for strengthening international capital standards. The Basel III Rule introduced a capital conservation buffer, composed entirely of Common Equity Tier 1 Capital (“CET1”), which is added to the minimum risk-weighted asset ratios. The capital conservation buffer is not a minimum capital requirement; however, banking institutions with a ratio of CET1 to risk-weighted assets below the capital conservation buffer will face constraints on dividends, equity repurchases and discretionary bonus payments based on the amount of the shortfall. In order to refrain from restrictions on dividends, equity repurchases and discretionary bonus payments, banking institutions must maintain minimum ratios of (i) CET1 to risk-weighted assets of at least 7.0%, (ii) Tier 1 capital to risk-weighted assets of at least 8.5%, and (iii) Total capital to risk-weighted assets of at least 10.5%. ​ The ability of the Company to pay cash dividends to its stockholders and to service its debt is dependent on the receipt of cash dividends from its subsidiaries. Under applicable regulatory requirements, an Illinois state-chartered bank such as Busey Bank may not pay dividends in excess of its net profits. Because Busey Bank had been in an accumulated deficit position 2009 thru 2018, it was not able to pay dividends in prior years. With prior approval from its regulators, however, an Illinois state-chartered bank in that situation was able to reduce its capital stock by amending its charter to decrease the authorized number of shares, and then make a subsequent distribution to its holding company. Using this approach, and with the approval of its regulators, Busey Bank has distributed funds to the Company, the most recent of which was $40.0 million on October 12, 2018. Busey Bank returned to a positive retained earnings position in the second quarter of 2018 and, in 2019, returned to paying dividends.

X
- References No definition available. + Details
Name: | us-gaap_BankingAndThriftAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://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=117337116&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=117337116&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=117337116&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=117337116&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=117337116&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=117337116&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=117337116&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=117337116&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=117337116&loc=d3e65071-112826 + Details
Name: | us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration