XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Stockholders' Equity and Regulatory Requirements | 12 Months Ended
--- | ---
Dec. 31, 2021
Stockholders' Equity Note [Abstract] |
Stockholders' Equity and Regulatory Requirements | Note 14 – Stockholders’ Equity and Regulatory Requirements Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. Management believes as of December 31, 2021, the Bank and the Parent Corporation meet all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If an institution is classified as adequately capitalized or lower, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is growth and expansion, and capital restoration plans are required. As of December 31, 2021, and 2020, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. - 89 - Table of Contents CONNECTONE BANCORP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Note 14 – Stockholders’ Equity and Regulatory Requirements – (continued) The following is a summary of the Bank’s and the Parent Corporation’s actual capital amounts and ratios as of December 31, 2021 and 2020, compared to the FRB and FDIC minimum capital adequacy requirements and the FDIC requirements for classification as a well-capitalized institution.
|  |  |  |  | Minimum Capital Adequacy |  |  | For Classification Under Corrective Action Plan as Well Capitalized |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
The Bank |  |  |  |  |  |  |  | (dollars in thousands) |  |  |  |  |  |  |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage (Tier 1) capital |  | $ | 891,730 |  |  |  | 11.43% |  |  | $ | 312,166 |  |  |  | 4.00% |  |  | $ | 390,207 |  |  |  | 5.00% |
Risk-Based Capital: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CET 1 |  | $ | 891,730 |  |  |  | 11.96% |  |  | $ | 335,641 |  |  |  | 4.50% |  |  | $ | 484,815 |  |  |  | 6.50% |
Tier 1 |  |  | 891,730 |  |  |  | 11.96% |  |  |  | 447,522 |  |  |  | 6.00% |  |  |  | 596,696 |  |  |  | 8.00% |
Total |  |  | 1,002,753 |  |  |  | 13.44% |  |  |  | 596,696 |  |  |  | 8.00% |  |  |  | 745,869 |  |  |  | 10.00% |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage (Tier 1) capital |  | $ | 776,430 |  |  |  | 10.64% |  |  | $ | 291,958 |  |  |  | 4.00% |  |  | $ | 364,947 |  |  |  | 5.00% |
Risk-Based Capital: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CET 1 |  | $ | 776,430 |  |  |  | 12.24% |  |  | $ | 285,473 |  |  |  | 4.50% |  |  | $ | 412,349 |  |  |  | 6.50% |
Tier 1 |  |  | 776,430 |  |  |  | 12.24% |  |  |  | 380,630 |  |  |  | 6.00% |  |  |  | 507,507 |  |  |  | 8.00% |
Total |  |  | 887,906 |  |  |  | 14.00% |  |  |  | 507,507 |  |  |  | 8.00% |  |  |  | 634,384 |  |  |  | 10.00% |
|  |  |  |  | Minimum Capital Adequacy |  |  |  | For Classification as Well Capitalized |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  |  | Amount |  |  |  | Ratio |
The Company |  |  |  |  |  |  |  | (dollars in thousands) |  |  |  |  |  |  |  |  |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage (Tier 1) capital |  | $ | 909,577 |  |  |  | 11.65% |  |  | $ | 312,194 |  |  |  | 4.00% |  |  |  | N/A |  |  |  | N/A |
Risk-Based Capital: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CET 1 |  | $ | 793,495 |  |  |  | 10.64% |  |  | $ | 335,648 |  |  |  | 4.50% |  |  |  | N/A |  |  |  | N/A |
Tier 1 |  |  | 909,577 |  |  |  | 12.19% |  |  |  | 447,531 |  |  |  | 6.00% |  |  |  | N/A |  |  |  | N/A |
Total |  |  | 1,138,350 |  |  |  | 15.26% |  |  |  | 596,708 |  |  |  | 8.00% |  |  |  | N/A |  |  |  | N/A |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Leverage (Tier 1) capital |  | $ | 694,895 |  |  |  | 9.51% |  |  | $ | 292,349 |  |  |  | 4.00% |  |  |  | N/A |  |  |  | N/A |
Risk-Based Capital: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
CET 1 |  | $ | 689,740 |  |  |  | 10.79% |  |  | $ | 287,746 |  |  |  | 4.50% |  |  |  | N/A |  |  |  | N/A |
Tier 1 |  |  | 694,895 |  |  |  | 10.87% |  |  |  | 383,661 |  |  |  | 6.00% |  |  |  | N/A |  |  |  | N/A |
Total |  |  | 964,121 |  |  |  | 15.08% |  |  |  | 511,548 |  |  |  | 8.00% |  |  |  | N/A |  |  |  | N/A |
As of December 31, 2021, both the Company and Bank satisfy the capital conservation buffer requirements applicable to them. The lowest ratio at the Company is the CET 1 Ratio which was 3.64% above the minimum buffer ratio and, at the Bank, the lowest ratio was the Total Risk Based Capital Ratio which was 2.94% above the minimum buffer ratio.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration