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Regulatory Matters
 12 Months Ended
Dec. 31, 2024
Banking Regulation [Abstract]  
Regulatory Matters REGULATORY MATTERS
The Company and the Bank are subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material and adverse effect on the Company’s and the Bank’s business, financial condition and results of operation, such as restrictions on growth or the payment of dividends or other capital distributions or management fees. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the 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.
On January 1, 2020, the Company adopted ASU 2016-13 and implemented the CECL methodology. In response to the COVID-19 pandemic, federal regulatory agencies published a final rule that provides the option to delay the cumulative effect of the day 1 impact of CECL adoption on regulatory capital, along with 25% of the change in the adjusted allowance for credit losses (as computed for regulatory capital purposes, which excludes purchased credit deteriorated (“PCD”) loans), for two years, followed by a three-year phase-in period. The Company has elected the five-year transition period consistent with the final rule issued by the federal regulatory agencies. At December 31, 2024, the ratios for the Company and the Bank were sufficient to meet the fully phased-in conservation buffer.
At December 31, 2024 and 2023, the Bank’s capital levels exceeded the minimums necessary to be considered “well-capitalized” under the regulatory framework for prompt corrective action. To generally be categorized as “well-capitalized”, the Bank must maintain a minimum total capital ratio, Tier 1 capital ratio, common equity Tier 1 capital ratio, and leverage ratio as set forth in the following table. Management is not aware of any conditions or events since December 31, 2024, that would cause management to believe the institution would be considered to be in a lower capital category.
The Company’s and the Bank’s capital levels and regulatory ratios are presented in the tables below for the dates indicated and include the effects of the Company’s election to utilize the five-year transition described above:
 ActualRatio Required for Capital Adequacy PurposesRatio Required To Be Well-CapitalizedRatio Required for Minimum Capital Adequacy With Capital Conservation Buffer
December 31, 2024AmountRatio
 (Dollars in thousands)
Common equity Tier 1 capital
(to risk weighted assets):
Company$1,900,601 13.06 %4.50 %N/A7.00 %
Bank$1,978,969 13.61 %4.50 %6.50 %7.00 %
Tier 1 capital
(to risk-weighted assets):
Company$2,005,840 13.79 %6.00 %N/A8.50 %
Bank$1,978,969 13.61 %6.00 %8.00 %8.50 %
Total capital
(to risk-weighted assets):
Company$2,150,810 14.78 %8.00 %N/A10.50 %
Bank$2,123,939 14.61 %8.00 %10.00 %10.50 %
Leverage capital
(to average assets):
Company$2,005,840 11.83 %4.00 %N/AN/A
Bank$1,978,969 11.68 %4.00 %5.00 %N/A
 ActualRatio Required for Capital Adequacy PurposesRatio Required To Be Well-CapitalizedRatio Required for Minimum Capital Adequacy With Capital Conservation Buffer
December 31, 2023AmountRatio
 (Dollars in thousands)
Common equity Tier 1 capital
(to risk weighted assets):
Company$1,869,774 12.28 %4.50 %N/A7.00 %
Bank$1,940,303 12.75 %4.50 %6.50 %7.00 %
Tier 1 capital
(to risk-weighted assets):
Company$1,973,698 12.96 %6.00 %N/A8.50 %
Bank$1,940,303 12.75 %6.00 %8.00 %8.50 %
Total capital
(to risk-weighted assets):
Company$2,120,157 13.92 %8.00 %N/A10.50 %
Bank$2,086,762 13.71 %8.00 %10.00 %10.50 %
Leverage capital
(to average assets):
Company$1,973,698 10.11 %4.00 %N/AN/A
Bank$1,940,303 9.94 %4.00 %5.00 %N/A