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Regulatory Matters | 12 Months Ended
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Dec. 31, 2024
Banking and Thrift, Interest [Abstract] |
Regulatory Matters | Regulatory Matters The Company is subject to regulation by the Board of Governors of the Federal Reserve System (the “FRB”) and the Bank is primarily subject to regulation and supervision by the Office of the Comptroller of the Currency (the “OCC”) and the Consumer Financial Protection Bureau (the “CFPB”), as well as the FDIC as deposit insurer. The Company and the Bank are required by applicable regulations to maintain minimum levels of regulatory capital. Under the regulations in effect at December 31, 2024, the Company and the Bank were required to maintain a minimum ratio of Tier 1 capital to total average assets of 4.0%; a minimum ratio of common equity Tier 1 capital to risk-weighted assets of 7.0%; a minimum ratio of Tier 1 capital to risk-weighted assets of 8.5%; and a minimum ratio of total (core and supplementary) capital to risk-weighted assets of 10.5%. These ratios include the impact of the required 2.50% capital conservation buffer. Under the regulatory framework for prompt corrective action, federal regulators are required to take certain supervisory actions (and may take additional discretionary actions) with respect to an undercapitalized institution. Such actions could have a direct material effect on an institution’s financial statements. The regulations establish a framework for the classification of banking institutions into five categories: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized. Generally, an institution is considered well-capitalized if it has a Tier 1 capital rati o of 5.0%; a common equity Tier 1 risk-based ratio of at least 6.5%; a Tier 1 risk-based ratio of at least 8.0%; and a total risk-based capital ratio of at least 10.0%. At December 31, 2024 and 2023, the Company and the Bank exceeded all regulatory capital requirements currently applicable. The following is a summary of the Company’s and Bank’s regulatory capital amounts and ratios as of December 31, 2024 and 2023 compared to the regulatory minimum capital adequacy requirements and the regulatory requirements for classification as a well-capitalized institution then in effect (dollars in thousands):
| Actual |  | For capital adequacy purposes |  | To be well-capitalized under Prompt Corrective Action
As of December 31, 2024 | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
Company: |  |  |  |  |  |  |  |  |  |  |
Tier 1 capital (to average assets) | $ | 1,235,832 |  |  | 9.50 | % |  | $ | 520,239 |  |  | 4.00 | % |  | N/A |  | N/A
Common equity Tier 1 (to risk-weighted assets) | 1,105,180 |  |  | 11.17 |  |  | 692,897 |  |  | 7.00 |  | (1) | N/A |  | N/A
Tier 1 capital (to risk-weighted assets) | 1,235,832 |  |  | 12.49 |  |  | 841,375 |  |  | 8.50 |  | (1) | N/A |  | N/A
Total capital (to risk-weighted assets) | 1,437,278 |  |  | 14.52 |  |  | 1,039,345 |  |  | 10.50 |  | (1) | N/A |  | N/A
Bank: |  |  |  |  |  |  |  |  |  |  |
Tier 1 capital (to average assets) | $ | 1,161,564 |  |  | 8.99 | % |  | $ | 516,798 |  |  | 4.00 | % |  | $ | 645,998 |  |  | 5.00 | %
Common equity Tier 1 (to risk-weighted assets) | 1,161,564 |  |  | 11.83 |  |  | 687,383 |  |  | 7.00 |  | (1) | 638,284 |  |  | 6.50 |
Tier 1 capital (to risk-weighted assets) | 1,161,564 |  |  | 11.83 |  |  | 834,679 |  |  | 8.50 |  | (1) | 785,580 |  |  | 8.00 |
Total capital (to risk-weighted assets) | 1,238,011 |  |  | 12.61 |  |  | 1,031,074 |  |  | 10.50 |  | (1) | 981,975 |  |  | 10.00 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Company: |  |  |  |  |  |  |  |  |  |  |
Tier 1 capital (to average assets) | $ | 1,218,142 |  |  | 9.31 | % |  | $ | 523,588 |  |  | 4.00 | % |  | N/A |  | N/A
Common equity Tier 1 (to risk-weighted assets) | 1,088,542 |  |  | 10.86 |  |  | 701,778 |  |  | 7.00 |  | (1) | N/A |  | N/A
Tier 1 capital (to risk-weighted assets) | 1,218,142 |  |  | 12.15 |  |  | 852,159 |  |  | 8.50 |  | (1) | N/A |  | N/A
Total capital (to risk-weighted assets) | 1,413,400 |  |  | 14.10 |  |  | 1,052,667 |  |  | 10.50 |  | (1) | N/A |  | N/A
Bank: |  |  |  |  |  |  |  |  |  |  |
Tier 1 capital (to average assets) | $ | 1,155,896 |  |  | 8.90 | % |  | $ | 519,690 |  |  | 4.00 | % |  | $ | 649,612 |  |  | 5.00 | %
Common equity Tier 1 (to risk-weighted assets) | 1,155,896 |  |  | 11.65 |  |  | 694,620 |  |  | 7.00 |  | (1) | 645,004 |  |  | 6.50 |
Tier 1 capital (to risk-weighted assets) | 1,155,896 |  |  | 11.65 |  |  | 843,467 |  |  | 8.50 |  | (1) | 793,852 |  |  | 8.00 |
Total capital (to risk-weighted assets) | 1,226,154 |  |  | 12.36 |  |  | 1,041,930 |  |  | 10.50 |  | (1) | 992,315 |  |  | 10.00 |
(1) Includes the Capital Conservation Buffer of 2.50%. The Company and the Bank satisfied the criteria to be “well-capitalized” under the Prompt Corrective Action regulations. Capital distributions and certain discretionary bonus payments are limited if the capital conservation buffer of 2.50% is not maintained. Applicable regulations also impose limitations upon capital distributions by the Company, such as dividends and payments to repurchase or otherwise acquire shares. The Company may not declare or pay cash dividends on or repurchase any of its shares of common stock if the effect thereof would cause stockholders’ equity to be reduced below applicable regulatory capital minimum requirements or if such declaration and payment would otherwise violate regulatory requirements.

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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 -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F + Details
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