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Regulatory Capital Requirements | 12 Months Ended
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Dec. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] |
Regulatory Capital Requirements | Regulatory Capital Requirements The Company is a bank holding company under the supervision of the Federal Reserve. Bank holding companies are subject to capital adequacy requirements of the Federal Reserve under the Bank Holding Company Act of 1956, as amended, and the regulations of the Federal Reserve. The Bank is a federally insured institution and thereby is subject to the capital requirements established by the FDIC. The Federal Reserve capital requirements generally parallel the FDIC requirements. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect in the Consolidated Financial Statements and operations. Additionally, the Company and the Bank are required to maintain a capital conservation buffer of common equity Tier 1 capital above 2.5% to avoid restrictions on certain activities including payment of dividends, stock repurchases and discretionary bonuses to executive officers. Management believes that as of December 31, 2024, the Company and the Bank met all capital adequacy requirements to which they were subject. As of December 31, 2024 and December 31, 2023, the most recent regulatory notifications categorized the Bank as well-capitalized under the regulatory framework for prompt corrective action. There have been no conditions or events since that notification that management believes have changed the Bank's categories. The following table summarizes the Company's consolidated and the Bank's capital ratios compared to the regulatory "adequately capitalized" capital ratios and the regulatory minimum capital ratios needed to qualify as a "well capitalized" institution, as calculated under regulatory guideline at the dates presented:
| Actual |  | Adequately Capitalized |  | Well-Capitalized (1)
| (Dollars in thousands)
December 31, 2024 |
Total capital ratio |  |  |  |  |  |  |  |  |  |  |
Company | $ | 749,854 |  |  | 13.3 | % |  | $ | 450,307 |  |  | 8.0 | % |  | $ | 562,884 |  |  | 10.0 | %
Bank | 742,222 |  |  | 13.2 |  |  | 450,002 |  |  | 8.0 |  |  | 562,503 |  |  | 10.0 |
Tier 1 capital ratio |  |  |  |  |  |  |  |  |  |  |
Company | 698,412 |  |  | 12.4 |  |  | 337,730 |  |  | 6.0 |  |  | 450,307 |  |  | 8.0 |
Bank | 690,780 |  |  | 12.3 |  |  | 337,502 |  |  | 6.0 |  |  | 450,002 |  |  | 8.0 |
Common equity Tier 1 capital ratio |  |  |  |  |  |  |  |  |  |  |
Company | 676,354 |  |  | 12.0 |  |  | 253,298 |  |  | 4.5 |  |  | 365,874 |  |  | 6.5 |
Bank | 690,780 |  |  | 12.3 |  |  | 253,126 |  |  | 4.5 |  |  | 365,627 |  |  | 6.5 |
Leverage ratio |  |  |  |  |  |  |  |  |  |  |
Company | 698,412 |  |  | 10.0 |  |  | 278,910 |  |  | 4.0 |  |  | 348,637 |  |  | 5.0 |
Bank | 690,780 |  |  | 9.9 |  |  | 278,749 |  |  | 4.0 |  |  | 348,436 |  |  | 5.0 |
December 31, 2023 |
Total capital ratio |  |  |  |  |  |  |  |  |  |  |
Company | $ | 750,945 |  |  | 14.1 | % |  | $ | 425,084 |  |  | 8.0 | % |  | $ | 531,355 |  |  | 10.0 | %
Bank | 732,379 |  |  | 13.8 |  |  | 424,808 |  |  | 8.0 |  |  | 531,009 |  |  | 10.0 |
Tier 1 capital ratio |  |  |  |  |  |  |  |  |  |  |
Company | 704,839 |  |  | 13.3 |  |  | 318,813 |  |  | 6.0 |  |  | 425,084 |  |  | 8.0 |
Bank | 686,273 |  |  | 12.9 |  |  | 318,606 |  |  | 6.0 |  |  | 424,808 |  |  | 8.0 |
Common equity Tier 1 capital ratio |  |  |  |  |  |  |  |  |  |  |
Company | 683,074 |  |  | 12.9 |  |  | 239,110 |  |  | 4.5 |  |  | 345,381 |  |  | 6.5 |
Bank | 686,273 |  |  | 12.9 |  |  | 238,954 |  |  | 4.5 |  |  | 345,156 |  |  | 6.5 |
Leverage ratio |  |  |  |  |  |  |  |  |  |  |
Company | 704,839 |  |  | 10.0 |  |  | 281,673 |  |  | 4.0 |  |  | 352,092 |  |  | 5.0 |
Bank | 686,273 |  |  | 9.8 |  |  | 281,539 |  |  | 4.0 |  |  | 351,923 |  |  | 5.0 |
(1) The ratios to meet the requirements to be deemed “well-capitalized” under prompt corrective action regulations are only applicable to the Bank. However, the Company manages its capital position as if the requirements apply to the consolidated Company and has presented the ratios as if they also applied on a consolidated basis.
As of December 31, 2024 and 2023, the capital measures reflected the revised CECL capital transition provisions adopted by the Federal Reserve and the FDIC that provided banking organizations that implemented CECL before the end of 2020 the option to delay for two years the estimated impact of CECL on regulatory capital relative to regulatory capital determined under the prior incurred loss methodology, followed by a three-year transition period to phase out the aggregate amount of capital benefit provided during the initial two-year delay.

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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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