v3.21.1

Regulatory Capital Requirements and Restrictions on Subsidiary Cash | 3 Months Ended
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Mar. 31, 2021
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] |
Regulatory Capital Requirements and Restrictions on Subsidiary Cash | Regulatory Capital Requirements and Restrictions on Subsidiary Cash Regulatory Capital and Reserve Requirement - The Company (on a consolidated basis) and the 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 consolidated financial statements. The capital amounts and classification also are subject to qualitative judgments by the regulators about components, risk weightings and other factors. As of March 31, 2021 and December 31, 2020, the Bank was not required to maintain reserve balances in cash on hand or on deposit with Federal Reserve Banks, and therefore the total amount held in reserve for each of these periods was zero dollars. A comparison of the Company's and the Bank's capital with the corresponding minimum regulatory requirements in effect as of March 31, 2021 and December 31, 2020, is presented below:
| Actual |  | For Capital Adequacy Purposes With Capital Conservation Buffer(1) |  | To Be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands) | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
At March 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Consolidated: |  |  |  |  |  |  |  |  |  |  |
Total capital/risk weighted assets | $589,205 |  | 13.75% |  | $450,010 |  | 10.50% |  | N/A |  | N/A
Tier 1 capital/risk weighted assets | 477,086 |  | 11.13 |  | 364,294 |  | 8.50 |  | N/A |  | N/A
Common equity tier 1 capital/risk weighted assets | 435,279 |  | 10.16 |  | 300,006 |  | 7.00 |  | N/A |  | N/A
Tier 1 leverage capital/average assets | 477,086 |  | 8.78 |  | 217,315 |  | 4.00 |  | N/A |  | N/A
MidWest One Bank: |  |  |  |  |  |  |  |  |  |  |
Total capital/risk weighted assets | $563,501 |  | 13.19% |  | $448,555 |  | 10.50% |  | $427,195 |  | 10.00%
Tier 1 capital/risk weighted assets | 520,716 |  | 12.19 |  | 363,116 |  | 8.50 |  | 341,756 |  | 8.00
Common equity tier 1 capital/risk weighted assets | 520,716 |  | 12.19 |  | 299,037 |  | 7.00 |  | 277,677 |  | 6.50
Tier 1 leverage capital/average assets | 520,716 |  | 9.60 |  | 216,913 |  | 4.00 |  | 271,142 |  | 5.00
At December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Consolidated: |  |  |  |  |  |  |  |  |  |  |
Total capital/risk weighted assets | $572,437 |  | 13.41% |  | $448,068 |  | 10.50% |  | N/A |  | N/A
Tier 1 capital/risk weighted assets | 456,526 |  | 10.70 |  | 362,722 |  | 8.50 |  | N/A |  | N/A
Common equity tier 1 capital/risk weighted assets | 414,763 |  | 9.72 |  | 298,712 |  | 7.00 |  | N/A |  | N/A
Tier 1 leverage capital/average assets | 456,526 |  | 8.50 |  | 214,795 |  | 4.00 |  | N/A |  | N/A
MidWest One Bank: |  |  |  |  |  |  |  |  |  |  |
Total capital/risk weighted assets | $547,558 |  | 12.89% |  | $446,113 |  | 10.50% |  | $424,870 |  | 10.00%
Tier 1 capital/risk weighted assets | 500,981 |  | 11.79 |  | 361,139 |  | 8.50 |  | 339,896 |  | 8.00
Common equity tier 1 capital/risk weighted assets | 500,981 |  | 11.79 |  | 297,409 |  | 7.00 |  | 276,165 |  | 6.50
Tier 1 leverage capital/average assets | 500,981 |  | 9.35 |  | 214,251 |  | 4.00 |  | 271,992 |  | 5.00
(1) Includes a capital conservation buffer of 2.50%. Subordinated Notes - The Company completed a private placement of $65.0 million aggregate principal amount of 5.75% fixed-to-floating rate subordinated notes on July 28, 2020. The subordinated notes are intended to qualify as Tier 2 capital for regulatory purposes, and the Company is using the net proceeds from the offering for general corporate purposes and to support its organic growth plans, including maintaining its regulatory capital ratios.

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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