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Regulatory Capital Matters | 12 Months Ended
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Dec. 31, 2024
Banking and Thrift, Other Disclosure [Abstract] |
Regulatory Capital Matters | Regulatory Capital Matters Banks and financial holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, for the Bank, prompt corrective action ("PCA") regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can result in regulatory enforcement actions. The net unrealized gain or loss on AFS debt securities is excluded from computing regulatory capital. Management believes as of December 31, 2024 the Corporation and the Bank meet all capital adequacy requirements to which they are subject. The PCA regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms alone do not represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion; brokered deposits may not be accepted, renewed or rolled over; and capital restoration plans are required. As of December 31, 2024 and 2023, the most recent regulatory notifications categorized the Bank as well capitalized under the PCA. There are no events or conditions since this notification that management believes have changed the Bank’s capital category. Actual and required capital amounts and ratios are presented below as of December 31, 2024 and 2023. The capital adequacy ratio includes the capital conservation buffer.
| Actual |  | For Capital Adequacy Purposes (1) |  | To Be Well Capitalized Under Prompt Corrective Action Provisions
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 764,161 |  |  | 16.16 | % |  | $ | 496,541 |  |  | 10.50 | % |  | N/A |  | N/A
Bank | 639,971 |  |  | 13.59 |  |  | 494,609 |  |  | 10.50 |  |  | $ | 471,057 |  |  | 10.00 | %
Tier 1 (Core) Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 634,131 |  |  | 13.41 |  |  | 401,962 |  |  | 8.50 |  |  | N/A |  | N/A
Bank | 596,615 |  |  | 12.67 |  |  | 400,398 |  |  | 8.50 |  |  | 376,845 |  |  | 8.00 |
Common equity Tier 1 to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 556,346 |  |  | 11.76 |  |  | 331,028 |  |  | 7.00 |  |  | N/A |  | N/A
Bank | 589,236 |  |  | 12.51 |  |  | 329,740 |  |  | 7.00 |  |  | 306,187 |  |  | 6.50 |
Tier 1 (Core) Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 634,131 |  |  | 10.43 |  |  | 243,290 |  |  | 4.00 |  |  | N/A |  | N/A
Bank | 596,615 |  |  | 9.84 |  |  | 242,432 |  |  | 4.00 |  |  | 303,040 |  |  | 5.00 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | $ | 725,091 |  |  | 15.99 | % |  | $ | 476,235 |  |  | 10.50 | % |  | N/A |  | N/A
Bank | 603,409 |  |  | 13.36 |  |  | 474,339 |  |  | 10.50 |  |  | $ | 451,751 |  |  | 10.00 | %
Tier 1 (Core) Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 598,785 |  |  | 13.20 |  |  | 385,523 |  |  | 8.50 |  |  | N/A |  | N/A
Bank | 563,412 |  |  | 12.47 |  |  | 383,989 |  |  | 8.50 |  |  | 361,401 |  |  | 8.00 |
Common equity Tier 1 to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 521,000 |  |  | 11.49 |  |  | 317,490 |  |  | 7.00 |  |  | N/A |  | N/A
Bank | 556,033 |  |  | 12.31 |  |  | 316,226 |  |  | 7.00 |  |  | 293,638 |  |  | 6.50 |
Tier 1 (Core) Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |
Consolidated | 598,785 |  |  | 10.54 |  |  | 227,231 |  |  | 4.00 |  |  | N/A |  | N/A
Bank | 563,412 |  |  | 9.86 |  |  | 228,573 |  |  | 4.00 |  |  | 285,716 |  |  | 5.00 |
(1) The minimum amounts and ratios as of December 31, 2024 and 2023 include the full phase in of the capital conservation buffer of 2.5 percent required by the Basel III framework. Certain restrictions exist regarding the ability of the Bank to transfer funds to the Corporation in the form of cash dividends, loans or advances. During 2024, $704.5 million of accumulated net earnings of the Bank included in consolidated shareholders’ equity, plus any 2025 net profits retained to the date of the dividend declared, is available for distribution to the Corporation as dividends without prior regulatory approval, subject to regulatory capital requirements described above.

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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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