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Regulatory Capital (Tables)
 12 Months Ended
Dec. 31, 2022
Regulatory Capital [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

As of December 31, 2022 and 2021, the most recent notification from the primary regulators categorized First Mid Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, minimum total risk-based capital, Tier 1 risk-based capital, Common Equity Tier 1 risk-based capital, and Tier 1 leverage ratios must be maintained as set forth in the table below. At December 31, 2022, there were no conditions or events since the most recent notification that management believes have changed this categorization.

 

 

 

Actual

 

 

Required Minimum For Capital Adequacy Purposes with Capital Buffer

 

To Be Well-Capitalized Under Prompt Corrective Action Provisions

(Dollars in thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Amount

 

 

Ratio

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

801,966

 

 

 

15.20

%

 

$

554,164

 

 

>10.50%

 

N/A

 

 

N/A

First Mid Bank

 

 

745,624

 

 

 

14.18

%

 

 

552,161

 

 

>10.50%

 

$

525,868

 

 

> 10.00%

Tier 1 capital (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

 

654,453

 

 

 

12.40

%

 

 

448,609

 

 

> 8.50

 

N/A

 

 

N/A

First Mid Bank

 

 

692,664

 

 

 

13.17

%

 

 

446,987

 

 

> 8.50

 

 

420,694

 

 

> 8.00

Common equity tier 1 capital (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

 

635,089

 

 

 

12.03

%

 

 

369,442

 

 

> 7.00

 

N/A

 

 

N/A

First Mid Bank

 

 

692,664

 

 

 

13.17

%

 

 

368,107

 

 

> 7.00

 

 

341,814

 

 

> 6.50

Tier 1 capital (to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

 

654,453

 

 

 

9.68

%

 

 

268,875

 

 

> 4.00

 

N/A

 

 

N/A

First Mid Bank

 

 

692,664

 

 

 

10.22

%

 

 

270,990

 

 

> 4.00

 

 

338,738

 

 

> 5.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

$

674,310

 

 

 

15.79

%

 

$

448,344

 

 

>10.50%

 

N/A

 

 

N/A

First Mid Bank

 

 

624,150

 

 

 

14.67

%

 

 

446,711

 

 

>10.50%

 

$

425,439

 

 

> 10.00%

Tier 1 capital (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

 

534,277

 

 

 

12.51

%

 

 

362,945

 

 

> 8.50

 

N/A

 

 

N/A

First Mid Bank

 

 

578,517

 

 

 

13.60

%

 

 

361,623

 

 

> 8.50

 

 

340,351

 

 

> 8.00

Common equity tier 1 capital (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

 

515,082

 

 

 

12.06

%

 

 

298,896

 

 

> 7.00

 

N/A

 

 

N/A

First Mid Bank

 

 

578,517

 

 

 

13.60

%

 

 

297,807

 

 

> 7.00

 

 

276,535

 

 

> 6.50

Tier 1 capital (to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company

 

 

534,277

 

 

 

9.05

%

 

 

236,151

 

 

> 4.00

 

N/A

 

 

N/A

First Mid Bank

 

 

578,517

 

 

 

9.83

%

 

 

235,337

 

 

> 4.00

 

 

294,171

 

 

> 5.00

 

 

The Company's risk-weighted assets, capital and capital ratios for December 31, 2022 and 2021 were computed in accordance with Basel III capital rules which were effective January 1, 2015. Prior periods were computed following previous rules. See heading "Basel III" in the Overview section of this report for a more detailed description of Basel III rules. As of December 31, 2022 and 2021, the Company and First Mid Bank had capital ratios above the required minimums for regulatory capital adequacy, and First Mid Bank had capital ratios that qualified it for treatment as well-capitalized under the regulatory framework for prompt corrective action with respect to banks.