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Regulatory Capital Requirements (Tables)
12 Months Ended
Dec. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Summary of Bank's Actual Capital Amounts and Ratios The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2024 and 2023 are also presented.

 

 

Actual

 

 

Minimum Capital
Required

 

 

Required to be
Considered
Well Capitalized

 

2024

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital to risk weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

1,242,391

 

 

 

14.74

%

 

$

674,471

 

 

 

8.00

%

 

N/A

 

 

N/A

 

Bank

 

 

1,181,699

 

 

 

14.07

%

 

 

672,045

 

 

 

8.00

%

 

$

840,056

 

 

 

10.00

%

Tier 1 capital to risk weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

1,073,042

 

 

 

12.73

%

 

$

505,853

 

 

 

6.00

%

 

N/A

 

 

N/A

 

Bank

 

 

1,087,350

 

 

 

12.94

%

 

 

504,033

 

 

 

6.00

%

 

$

672,045

 

 

 

8.00

%

Common Equity Tier 1 (CET1) to risk weighted
   assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

986,042

 

 

 

11.70

%

 

$

379,390

 

 

 

4.50

%

 

N/A

 

 

N/A

 

Bank

 

 

1,087,350

 

 

 

12.94

%

 

 

378,025

 

 

 

4.50

%

 

$

546,036

 

 

 

6.50

%

Tier 1 capital to average assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

1,073,042

 

 

 

11.74

%

 

$

365,470

 

 

 

4.00

%

 

N/A

 

 

N/A

 

Bank

 

 

1,087,350

 

 

 

11.92

%

 

 

364,899

 

 

 

4.00

%

 

$

456,124

 

 

 

5.00

%

 

 

 

Actual

 

 

Minimum Capital
Required

 

 

Required to be
Considered
Well Capitalized

 

2023

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital to risk weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

1,123,568

 

 

 

13.38

%

 

$

671,576

 

 

 

8.00

%

 

N/A

 

 

N/A

 

Bank

 

 

1,085,915

 

 

 

12.97

%

 

 

669,904

 

 

 

8.00

%

 

$

837,380

 

 

 

10.00

%

Tier 1 capital to risk weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

956,027

 

 

 

11.39

%

 

$

503,682

 

 

 

6.00

%

 

N/A

 

 

N/A

 

Bank

 

 

993,375

 

 

 

11.86

%

 

 

502,428

 

 

 

6.00

%

 

$

669,904

 

 

 

8.00

%

Common Equity Tier 1 (CET1) to risk weighted
   assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

869,027

 

 

 

10.35

%

 

$

377,762

 

 

 

4.50

%

 

N/A

 

 

N/A

 

Bank

 

 

993,375

 

 

 

11.86

%

 

 

376,821

 

 

 

4.50

%

 

$

544,297

 

 

 

6.50

%

Tier 1 capital to average assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

956,027

 

 

 

10.86

%

 

$

352,089

 

 

 

4.00

%

 

N/A

 

 

N/A

 

Bank

 

 

993,375

 

 

 

11.30

%

 

 

351,735

 

 

 

4.00

%

 

$

439,669

 

 

 

5.00

%