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Regulatory Capital

9 Months Ended

Sep. 30, 2025

Note 9 Regulatory Capital

As a bank holding company that has elected to be treated as a financial holding company, the Company, NBH Bank and BOJHT are subject to regulatory capital adequacy requirements implemented by the Federal Reserve, in addition to those implemented by the FDIC for NBH Bank and BOJHT, 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 BOJHT fail to meet the minimum capital requirements, which could have a material effect on our financial statements and business generally.

Under the Basel III requirements, at September 30, 2025 and December 31, 2024, 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, 2025
				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	11.5%	$	1,095,345	N/A		N/A	4.0%	$	381,378
NBH Bank	10.5%		1,000,996	5.0%	$	474,795	4.0%		379,836
Bank of Jackson Hole Trust	33.9%		13,070	5.0%		1,928	4.0%		1,542
Common equity tier 1 risk based capital:
Consolidated	14.7%	$	1,095,345	N/A		N/A	7.0%	$	521,824
NBH Bank	13.5%		1,000,996	6.5%	$	481,436	7.0%		518,469
Bank of Jackson Hole Trust	76.8%		13,070	6.5%		1,107	7.0%		1,192
Tier 1 risk based capital ratio:
Consolidated	14.7%	$	1,095,345	N/A		N/A	8.5%	$	633,643
NBH Bank	13.5%		1,000,996	8.0%	$	592,536	8.5%		629,570
Bank of Jackson Hole Trust	76.8%		13,070	8.0%		1,362	8.5%		1,447
Total risk based capital ratio:
Consolidated	16.6%	$	1,239,582	N/A		N/A	10.5%	$	782,736
NBH Bank	14.7%		1,090,204	10.0%	$	740,670	10.5%		777,704
Bank of Jackson Hole Trust	76.9%		13,099	10.0%		1,703	10.5%		1,788


	December 31, 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	10.7%	$	1,037,550	N/A		N/A	4.0%	$	388,278
NBH Bank	9.5%		921,509	5.0%	$	483,533	4.0%		386,826
Bank of Jackson Hole Trust	31.0%		12,461	5.0%		2,013	4.0%		1,611
Common equity tier 1 risk based capital:
Consolidated	13.2%	$	1,037,550	N/A		N/A	7.0%	$	550,074
NBH Bank	11.8%		921,509	6.5%	$	508,418	7.0%		547,528
Bank of Jackson Hole Trust	77.2%		12,461	6.5%		1,049	7.0%		1,129
Tier 1 risk based capital ratio:
Consolidated	13.2%	$	1,037,550	N/A		N/A	8.5%	$	667,947
NBH Bank	11.8%		921,509	8.0%	$	625,746	8.5%		664,855
Bank of Jackson Hole Trust	77.2%		12,461	8.0%		1,291	8.5%		1,371
Total risk based capital ratio:
Consolidated	15.1%	$	1,187,514	N/A		N/A	10.5%	$	825,111
NBH Bank	13.0%		1,016,471	10.0%	$	782,182	10.5%		821,291
Bank of Jackson Hole Trust	77.3%		12,462	10.0%		1,613	10.5%		1,694


(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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