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Regulatory Matters | 12 Months Ended
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Dec. 31, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] |
Regulatory Matters | REGULATORY MATTERSThe Company (on a consolidated basis) and TBK Bank are subject to various regulatory capital requirements administered by federal and state 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 or TBK Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and TBK Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and TBK Bank to maintain minimum amounts and ratios (set forth in the table below) of total, common equity Tier 1, and Tier 1 capital to risk weighted assets, and of Tier 1 capital to average assets. Management believes, as of December 31, 2021, the Company and TBK Bank meet all capital adequacy requirements to which they are subject. As of December 31, 2021, TBK Bank’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” TBK Bank must maintain minimum total risk based, common equity Tier 1 risk based, Tier 1 risk based, and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since December 31, 2021 that management believes have changed TBK Bank’s category. The actual capital amounts and ratios for the Company and TBK Bank are presented in the following table:
|  | Actual |  | Minimum for Capital Adequacy Purposes |  | To Be Well Capitalized Under Prompt Corrective Action Provisions
(Dollars in thousands) |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
As of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $769,475 |  | 14.1% |  | $436,582 |  | 8.0% |  | N/A |  | N/A
TBK Bank, SSB |  | $698,286 |  | 12.9% |  | $433,046 |  | 8.0% |  | $541,307 |  | 10.0%
Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $628,094 |  | 11.5% |  | $327,701 |  | 6.0% |  | N/A |  | N/A
TBK Bank, SSB |  | $665,336 |  | 12.3% |  | $324,554 |  | 6.0% |  | $432,739 |  | 8.0%
Common equity Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $542,492 |  | 9.9% |  | $246,587 |  | 4.5% |  | N/A |  | N/A
TBK Bank, SSB |  | $665,336 |  | 12.3% |  | $243,416 |  | 4.5% |  | $351,600 |  | 6.5%
Tier 1 capital (to average assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $628,094 |  | 11.1% |  | $226,340 |  | 4.0% |  | N/A |  | N/A
TBK Bank, SSB |  | $665,336 |  | 11.8% |  | $225,538 |  | 4.0% |  | $281,922 |  | 5.0%
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $715,142 |  | 13.0% |  | $440,087 |  | 8.0% |  | N/A |  | N/A
TBK Bank, SSB |  | $653,359 |  | 12.1% |  | $431,973 |  | 8.0% |  | $539,966 |  | 10.0%
Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $581,580 |  | 10.6% |  | $329,196 |  | 6.0% |  | N/A |  | N/A
TBK Bank, SSB |  | $608,737 |  | 11.3% |  | $323,223 |  | 6.0% |  | $430,964 |  | 8.0%
Common equity Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $496,508 |  | 9.0% |  | $248,254 |  | 4.5% |  | N/A |  | N/A
TBK Bank, SSB |  | $608,737 |  | 11.3% |  | $242,417 |  | 4.5% |  | $350,158 |  | 6.5%
Tier 1 capital (to average assets) |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $581,580 |  | 10.8% |  | $215,400 |  | 4.0% |  | N/A |  | N/A
TBK Bank, SSB |  | $608,737 |  | 11.3% |  | $215,482 |  | 4.0% |  | $269,353 |  | 5.0%
As permitted by the interim final rule issued on March 27, 2020 by the federal banking regulatory agencies, the Company has elected the option to delay the estimated impact on regulatory capital of ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”, which was effective January 1, 2020. The initial impact of adoption of ASU 2016-13 as well as 25% of the quarterly increases in the allowance for credit losses subsequent to adoption of ASU 2016-13 (collectively the “transition adjustments”) will be delayed for two years. After two years, the cumulative amount of the transition adjustments will become fixed and will be phased out of the regulatory capital calculations evenly over a three year period, with 75% recognized in year three, 50% recognized in year four, and 25% recognized in year five. After five years, the temporary regulatory capital benefits will be fully reversed. Dividends paid by TBK Bank are limited to, without prior regulatory approval, current year earnings and earnings less dividends paid during the preceding two years. The capital conservation buffer set forth by the Basel III regulatory capital framework was 2.5% at December 31, 2021 and December 31, 2020. The capital conservation buffer is designed to absorb losses during periods of economic stress and requires increased capital levels for the purpose of capital distributions and other payments. Failure to meet the full amount of the buffer will result in restrictions on the Company’s ability to make capital distributions, including dividend payments and stock repurchases, and to pay discretionary bonuses to executive officers. At December 31, 2021, the Company’s and TBK Bank’s risk based capital exceeded the required capital conservation buffer.

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- 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://www.xbrl.org/2003/role/disclosureRef -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 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
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