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Regulatory Capital

9 Months Ended

Sep. 30, 2024

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 and, for NBH Bank and Bank of Jackson Hole Trust, the FDIC, 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. Regulatory authorities can initiate certain mandatory actions if the Company, NBH Bank or Bank of Jackson Hole Trust fail to meet the minimum capital requirements, which could have a material effect on our financial statements.

Under the Basel III requirements, at September 30, 2024 and December 31, 2023, 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:


	September 30, 2024
				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	10.4%	$	1,013,938	N/A		N/A	4.0%	$	388,587
NBH Bank	9.4%		912,857	5.0%	$	483,925	4.0%		387,140
Bank of Jackson Hole Trust	30.4%		12,289	5.0%		2,022	4.0%		1,618
Common equity tier 1 risk based capital:
Consolidated	12.9%	$	1,013,938	N/A		N/A	7.0%	$	551,153
NBH Bank	11.7%		912,857	6.5%	$	509,436	7.0%		548,623
Bank of Jackson Hole Trust	75.4%		12,289	6.5%		1,060	7.0%		1,141
Tier 1 risk based capital ratio:
Consolidated	12.9%	$	1,013,938	N/A		N/A	8.5%	$	669,257
NBH Bank	11.7%		912,857	8.0%	$	626,998	8.5%		666,185
Bank of Jackson Hole Trust	75.4%		12,289	8.0%		1,304	8.5%		1,386
Total risk based capital ratio:
Consolidated	14.8%	$	1,164,207	N/A		N/A	10.5%	$	826,729
NBH Bank	12.9%		1,008,124	10.0%	$	783,747	10.5%		822,934
Bank of Jackson Hole Trust	75.4%		12,291	10.0%		1,630	10.5%		1,712


	December 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	9.7%	$	941,369	N/A		N/A	4.0%	$	386,775
NBH Bank	8.9%		856,243	5.0%	$	481,685	4.0%		385,348
Bank of Jackson Hole Trust	30.0%		11,609	5.0%		1,936	4.0%		1,549
Common equity tier 1 risk based capital:
Consolidated	11.9%	$	941,369	N/A		N/A	7.0%	$	554,325
NBH Bank	10.9%		856,243	6.5%	$	512,408	7.0%		551,824
Bank of Jackson Hole Trust	71.2%		11,609	6.5%		1,059	7.0%		1,141
Tier 1 risk based capital ratio:
Consolidated	11.9%	$	941,369	N/A		N/A	8.5%	$	673,109
NBH Bank	10.9%		856,243	8.0%	$	630,656	8.5%		670,072
Bank of Jackson Hole Trust	71.2%		11,609	8.0%		1,304	8.5%		1,385
Total risk based capital ratio:
Consolidated	13.8%	$	1,092,800	N/A		N/A	10.5%	$	831,487
NBH Bank	12.1%		952,674	10.0%	$	788,319	10.5%		827,735
Bank of Jackson Hole Trust	71.2%		11,609	10.0%		1,629	10.5%		1,711


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

- 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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