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Regulatory Matters | 12 Months Ended
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Dec. 31, 2024
Regulatory Matters |
Regulatory Matters | Regulatory Matters The Company and Bank are subject to various regulatory capital requirements administered by the federal banking agencies. 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 on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain amounts and ratios (set forth in the table below) of Total capital, Tier 1 capital and common equity tier one capital ("CET1") (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined), referred to as the Leverage Ratio. Management believes, as of December 31, 2024 and 2023, that the Company and Bank met all capital adequacy requirements to which they are subject. The actual capital amounts and ratios for the Company and Bank as of December 31, 2024 and 2023 are presented in the table below:
|  | Company |  | Bank |  | Minimum Required For Capital Adequacy Purposes (1) |  | To Be Well Capitalized Under Prompt Corrective Action Regulations (2)
(dollars in thousands) |  | Actual Amount |  | Ratio |  | Actual Amount |  | Ratio |  |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
CET1 capital (to risk weighted assets) |  | $ | 1,369,643 |  |  | 14.63 | % |  | $ | 1,373,857 |  |  | 14.76 | % |  | 7.00 | % |  | 6.50 | %
Total capital (to risk weighted assets) |  | 1,484,420 |  |  | 15.86 | % |  | 1,488,635 |  |  | 16.00 | % |  | 10.50 | % |  | 10.00 | %
Tier 1 capital (to risk weighted assets) |  | 1,369,643 |  |  | 14.63 | % |  | 1,373,857 |  |  | 14.76 | % |  | 8.50 | % |  | 8.00 | %
Tier 1 capital (to average assets) |  | 1,369,643 |  |  | 10.74 | % |  | 1,373,857 |  |  | 10.82 | % |  | 4.00 | % |  | 5.00 | %
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
CET1 capital (to risk weighted assets) |  | $ | 1,335,967 |  |  | 13.90 | % |  | $ | 1,330,001 |  |  | 13.92 | % |  | 7.00 | % |  | 6.50 | %
Total capital (to risk weighted assets) |  | 1,421,347 |  |  | 14.79 | % |  | 1,415,381 |  |  | 14.81 | % |  | 10.50 | % |  | 10.00 | %
Tier 1 capital (to risk weighted assets) |  | 1,335,967 |  |  | 13.90 | % |  | 1,330,001 |  |  | 13.92 | % |  | 8.50 | % |  | 8.00 | %
Tier 1 capital (to average assets) |  | 1,335,967 |  |  | 10.73 | % |  | 1,330,001 |  |  | 10.72 | % |  | 4.00 | % |  | 5.00 | %
(1)The risk-based ratios reflect the minimum requirement plus the capital conservation buffer of 2.500%. (2)Applies to Bank only Federal bank and holding company regulations, as well as Maryland law, impose certain restrictions on capital distributions, including dividend payments and share repurchases by the Bank, as well as restricting extensions of credit and transfers of assets between the Bank and the Company. At December 31, 2024, the Bank could pay dividends to the parent to the extent of its earnings so long as it maintained capital ratios above the required minimums and the capital conservation buffer. As a result the Company may be restricted in paying dividends.

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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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