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Regulatory Capital

3 Months Ended

Mar. 31, 2023

Note 10 Regulatory Capital

As a bank holding company that has elected to be treated as a financial holding company, the Company, NBH Bank and Bank of Jackson Hole Trust are subject to regulatory capital adequacy requirements implemented by the Federal Reserve, including maintaining capital positions at the “well-capitalized” level. The federal banking agencies have risk-based capital adequacy regulations intended to provide a measure of capital adequacy that reflects the degree of risk associated with a banking organization’s operations. Under these regulations, assets are assigned to one of several risk categories, and nominal dollar amounts of assets and credit equivalent amounts of off-balance-sheet items are multiplied by a risk adjustment percentage for the category.

Under the Basel III requirements, at March 31, 2023 and December 31, 2022, the Company and the Banks met all capital requirements, including the capital conservation buffer of 2.5%. The Company and the Banks had regulatory capital ratios in excess of the levels established for well-capitalized institutions, as detailed in the tables below.


	March 31, 2023
				Required to be			Required to be
				well capitalized under			considered
				prompt corrective			adequately
	Actual			action provisions			capitalized⁽¹⁾
	Ratio	Amount		Ratio	Amount		Ratio	Amount
Tier 1 leverage ratio:
Consolidated	9.5%	$	889,292	N/A		N/A	4.0%	$	376,214
NBH Bank	8.9%		831,101	5.0%	$	468,138	4.0%		374,510
Bank of Jackson Hole Trust	38.2%		11,301	5.0%		1,477	4.0%		1,182
Common equity tier 1 risk based capital:
Consolidated	11.3%	$	889,292	N/A		N/A	7.0%	$	550,058
NBH Bank	10.6%		831,101	6.5%	$	508,212	7.0%		547,306
Bank of Jackson Hole Trust	70.6%		11,301	6.5%		1,040	7.0%		1,120
Tier 1 risk based capital ratio:
Consolidated	11.3%	$	889,292	N/A		N/A	8.5%	$	667,927
NBH Bank	10.6%		831,101	8.0%	$	625,492	8.5%		664,585
Bank of Jackson Hole Trust	70.6%		11,301	8.0%		1,280	8.5%		1,360
Total risk based capital ratio:
Consolidated	13.2%	$	1,034,645	N/A		N/A	10.5%	$	825,087
NBH Bank	11.8%		921,454	10.0%	$	781,865	10.5%		820,958
Bank of Jackson Hole Trust	70.6%		11,301	10.0%		1,600	10.5%		1,680


	December 31, 2022
				Required to be			Required to be
				well capitalized under			considered
				prompt corrective			adequately
	Actual			action provisions			capitalized⁽¹⁾
	Ratio	Amount		Ratio	Amount		Ratio	Amount
Tier 1 leverage ratio:
Consolidated	9.3%	$	857,403	N/A		N/A	4.0%	$	369,335
NBH Bank	8.6%		788,462	5.0%	$	458,593	4.0%		366,874
Bank of Jackson Hole Trust	31.0%		11,238	5.0%		1,373	4.0%		1,099
Common equity tier 1 risk based capital:
Consolidated	10.5%	$	857,403	N/A		N/A	7.0%	$	574,339
NBH Bank	9.7%		788,462	6.5%	$	528,334	7.0%		568,975
Bank of Jackson Hole Trust	71.6%		11,238	6.5%		1,020	7.0%		1,098
Tier 1 risk based capital ratio:
Consolidated	10.5%	$	857,403	N/A		N/A	8.5%	$	697,412
NBH Bank	9.7%		788,462	8.0%	$	650,257	8.5%		690,898
Bank of Jackson Hole Trust	71.6%		11,238	8.0%		1,255	8.5%		1,333
Total risk based capital ratio:
Consolidated	12.2%	$	1,000,398	N/A		N/A	10.5%	$	861,509
NBH Bank	10.8%		876,458	10.0%	$	812,821	10.5%		853,462
Bank of Jackson Hole Trust	71.6%		11,238	10.0%		1,569	10.5%		1,647


(1)		Includes the capital conservation buffer of 2.5%.

T

- 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.

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