Regulatory Capital

3 Months Ended

Mar. 31, 2025

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”), First Mid Bank follows similar minimum regulatory requirements established for banks by the Office of the Comptroller of the Currency (“OCC”) and the Federal Deposit Insurance Corporation, as applicable. 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 regulatory capital standards to ensure capital adequacy require the Company and its subsidiary bank to maintain minimum capital amounts and ratios (set forth in

the table below). Management believes that, as of March 31, 2025 and December 31, 2024, the Company and First Mid Bank, as applicable, met all capital adequacy requirements.

To be categorized as well-capitalized, 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 following table (dollars in thousands):


	Actual					Required Minimum For Capital Adequacy Purposes			To Be Well-Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio	Amount		Ratio
March 31, 2025
Total capital (to risk-weighted assets)
Company	$	946,668		15.59	%	$	637,686	> 10.50%	N/A		N/A
First Mid Bank		883,533		14.58	%		636,317	> 10.50%	$	606,016	> 10.00%

Tier 1 capital (to risk-weighted assets)
Company		797,700		13.13	%		516,222	> 8.50%	N/A		N/A
First Mid Bank		814,100		13.43	%		515,114	> 8.50%		484,813	> 8.00%

Common equity tier 1 capital (to risk-weighted assets)
Company		773,365		12.73	%		425,124	> 7.00%	N/A		N/A
First Mid Bank		814,100		13.43	%		424,211	> 7.00%		393,911	> 6.50%

Tier 1 capital (to average assets)
Company		797,700		10.73	%		297,369	> 4.00%	N/A		N/A
First Mid Bank		814,100		11.00	%		296,019	> 4.00%		370,024	> 5.00%


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%

The Company's risk-weighted assets, capital, and capital ratios for March 31, 2025 are computed in accordance with Basel III capital rules which were effective January 1, 2015. As of March 31, 2025, 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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