Regulatory Capital

12 Months Ended

Dec. 31, 2024

Note 10 -- Regulatory Capital

The Company is subject to various regulatory capital requirements administered by the federal banking agencies. Bank holding companies follow minimum regulatory requirements established by the Board of Governors of the Federal Reserve System (“Federal Reserve System”), and First Mid Bank follow similar minimum regulatory requirements established for national banks by the Office of the Comptroller of the Currency (“OCC”). Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary action by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements.

Quantitative measures established by each regulatory capital standards to ensure capital adequacy require the Company and its subsidiary bank to maintain a minimum capital amounts and ratios (set forth in the table below). Management believes that, as of December 31, 2024 and 2023, the Company and First Mid Bank all capital adequacy requirements.

As of December 31, 2024 and 2023, 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, 2024, 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, 2024
Total capital (to risk-weighted assets)
Company	$	935,189		15.37	%	$	639,015	>10.50%	N/A		N/A
First Mid Bank		880,621		14.51	%		637,089	>10.50%	$	606,752	> 10.00%
Tier 1 capital (to risk-weighted assets)
Company		780,096		12.82	%		517,298	> 8.50%	N/A		N/A
First Mid Bank		813,000		13.40	%		515,739	> 8.50%		485,401	> 8.00%
Common equity tier 1 capital (to risk-weighted assets)
Company		755,816		12.42	%		426,010	> 7.00%	N/A		N/A
First Mid Bank		813,000		13.40	%		424,726	> 7.00%		394,389	> 6.50%
Tier 1 capital (to average assets)
Company		780,096		10.33	%		301,976	> 4.00%	N/A		N/A
First Mid Bank		813,000		10.82	%		300,596	> 4.00%		375,745	> 5.00%

December 31, 2023
Total capital (to risk-weighted assets)
Company	$	894,259		14.84	%	$	632,724	>10.50%	N/A		N/A
First Mid Bank		854,235		14.22	%		630,581	>10.50%	$	600,553	> 10.00%
Tier 1 capital (to risk-weighted assets)
Company		724,186		12.02	%		512,205	> 8.50%	N/A		N/A
First Mid Bank		790,917		13.17	%		510,470	> 8.50%		480,443	> 8.00%
Common equity tier 1 capital (to risk-weighted assets)
Company		700,128		11.62	%		421,816	> 7.00%	N/A		N/A
First Mid Bank		790,917		13.17	%		420,387	> 7.00%		390,360	> 6.50%
Tier 1 capital (to average assets)
Company		724,186		9.33	%		310,587	> 4.00%	N/A		N/A
First Mid Bank		790,917		10.23	%		309,151	> 4.00%		386,439	> 5.00%

The Company's risk-weighted assets, capital and capital ratios for December 31, 2024 and 2023 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, 2024 and 2023, 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.

- 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.

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