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Regulatory Capital (Tables)
 6 Months Ended
Jun. 30, 2024
Regulatory Capital Requirements under Banking Regulations [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The table presents the actual and required capital ratios for the Company and Bank as of June 30, 2024 and December 31, 2023.
(dollars in thousands)Actual
Regulatory Min. Ratio + CCB (1)
Required To Be Considered Well Capitalized
June 30, 2024AmountRatioAmountRatioAmountRatio
Common Tier 1 Capital to RWA
The Company$435,238 9.06 %$336,226 7.00 %$312,210 6.50 %
The Bank501,003 10.45 %335,756 7.00 %311,773 6.50 %
Tier 1 Capital to RWA
The Company464,554 9.67 %408,275 8.50 %384,258 8.00 %
The Bank501,003 10.45 %407,704 8.50 %383,721 8.00 %
Total Capital to RWA
The Company567,680 11.82 %504,339 10.50 %480,323 10.00 %
The Bank560,625 11.69 %503,634 10.50 %479,651 10.00 %
Tier 1 Capital to AA (Leverage) (2)
The Company464,554 8.07 %230,250 4.00 %287,813 5.00 %
The Bank501,003 8.71 %230,024 4.00 %287,530 5.00 %
December 31, 2023
Common Tier 1 Capital to RWA
The Company$408,317 8.69 %$328,825 7.00 %$305,338 6.50 %
The Bank470,200 10.02 %328,511 7.00 %305,046 6.50 %
Tier 1 Capital to RWA
The Company437,475 9.31 %399,288 8.50 %375,800 8.00 %
The Bank470,200 10.02 %398,906 8.50 %375,441 8.00 %
Total Capital to RWA
The Company539,200 11.48 %493,238 10.50 %469,750 10.00 %
The Bank528,786 11.27 %492,766 10.50 %469,301 10.00 %
Tier 1 Capital to AA (Leverage) (2)
The Company437,475 7.74 %225,965 4.00 %282,456 5.00 %
The Bank470,200 8.33 %225,797 4.00 %282,247 5.00 %
The following tables present the capital amounts as of June 30, 2024 and December 31, 2023.
Regulatory Capital and RatiosThe CompanyThe Bank
(dollars in thousands)June 30, 2024December 31, 2023June 30, 2024December 31, 2023
Common equity$522,783 $511,135 $587,283 $570,100 
Goodwill(4)
(61,460)(63,266)(61,460)(63,266)
Core deposit intangible (3)
(32,313)(38,069)(32,313)(38,069)
DTAs that arise from net operating loss and tax credit carry forwards(2,032)(8,977)(767)(6,059)
AOCI losses
8,260 7,494 8,260 7,494 
Common Equity Tier 1 Capital435,238 408,317 501,003 470,200 
TRUPs29,316 29,158 — — 
Tier 1 Capital464,554 437,475 501,003 470,200 
Allowable reserve for credit losses and other Tier 2 adjustments59,622 58,586 59,622 58,586 
Subordinated debentures43,504 43,139 — — 
Total Capital$567,680 $539,200 $560,625 $528,786 
Risk-Weighted Assets ("RWA")$4,803,230 $4,697,504 $4,796,512 $4,693,009 
Average Assets ("AA")$5,756,260 $5,649,116 $5,750,604 $5,644,930 
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(1)The regulatory minimum capital ratio ("Min. Ratio") + the capital conservation buffer ("CCB").
(2)Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00%.
(3)Core deposit intangible is net of deferred tax liability.
(4)Goodwill is net of deferred tax liability.