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Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2024

Regulatory Matters

Summary of bank's actual capital amounts and ratios


							Minimum
							Amount to be Well					Minimum Amount
							Capitalized with					To Be Well
		Actual					Basel III Buffer⁽¹⁾					Capitalized⁽¹⁾
		Amount			Ratio		Amount			Ratio		Amount			Ratio

		(Dollars in thousands)
March 31, 2024
Total capital⁽¹⁾ (to risk-weighted assets)
Company		$	1,858,348		11.7	%	$	1,662,302		10.5	%	$	—		N/A	%
Merchants Bank			1,801,020		11.4	%		1,660,561		10.5	%		1,581,487		10.0
Tier I capital⁽¹⁾ (to risk-weighted assets)
Company			1,768,553		11.2	%		1,345,673		8.5	%		—		N/A	%
Merchants Bank			1,711,225		10.8	%		1,344,264		8.5	%		1,265,189		8.0
Common Equity Tier I capital⁽¹⁾ (to risk-weighted assets)
Company			1,268,945		8.0	%		1,108,202		7.0	%		—		N/A	%
Merchants Bank			1,711,225		10.8	%		1,107,041		7.0	%		1,027,966		6.5
Tier I capital⁽¹⁾ (to average assets)
Company			1,768,553		10.5	%		839,199		5.0	%		—		N/A	%
Merchants Bank			1,711,225		10.2	%		837,560		5.0	%		837,560		5.0

(1)

As defined by regulatory agencies.


							Minimum
							Amount to be Well					Minimum Amount
							Capitalized with					To Be Well
		Actual					Basel III Buffer⁽¹⁾					Capitalized⁽¹⁾
		Amount			Ratio		Amount			Ratio		Amount			Ratio

		(Dollars in thousands)
December 31, 2023
Total capital⁽¹⁾ (to risk-weighted assets)
Company		$	1,772,195		11.6	%	$	1,598,260		10.5	%	$	—		N/A	%
Merchants Bank			1,724,505		11.5	%		1,577,434		10.5	%		1,502,318		10.0	%
FMBI			40,613		21.1	%		20,209		10.5	%		19,247		10.0	%
Tier I capital⁽¹⁾ (to risk-weighted assets)
Company			1,686,202		11.1	%		1,293,830		8.5	%		—		N/A	%
Merchants Bank			1,639,171		10.9	%		1,276,970		8.5	%		1,201,854		8.0	%
FMBI			39,953		20.8	%		16,360		8.5	%		15,398		8.0	%
Common Equity Tier I capital⁽¹⁾ (to risk-weighted assets)
Company			1,186,594		7.8	%		1,065,507		7.0	%		—		N/A	%
Merchants Bank			1,639,171		10.9	%		1,051,623		7.0	%		976,507		6.5	%
FMBI			39,953		20.8	%		13,473		7.0	%		12,511		6.5	%
Tier I capital⁽¹⁾ (to average assets)
Company			1,686,202		10.1	%		832,706		5.0	%		—		N/A	%
Merchants Bank			1,639,171		10.1	%		815,191		5.0	%		815,191		5.0	%
FMBI			39,953		11.5	%		17,391		5.0	%		17,391		5.0	%

(1)

As defined by regulatory agencies.