REGULATORY CAPITAL (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Regulatory Capital Amounts and Ratios

The Bank’s regulatory capital amounts and ratios are presented in the following table:

						To Be Well										For Capital
						Capitalized Under					For Capital					Adequacy Purposes
						Prompt Corrective					Adequacy					Including Capital
	Actual					Action Provisions					Purposes					Conservation Buffer (A)
(Dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
As of December 31, 2019:
Total capital
(to risk-weighted assets)	$	571,509		13.76	%	$	415,487		10.00	%	$	332,389		8.00	%	$	436,261		10.50	%

Tier I capital
(to risk-weighted assets)		527,833		12.70			332,389		8.00			249,292		6.00			353,164		8.50

Common equity tier I
(to risk-weighted assets)		527,832		12.70			270,066		6.50			186,969		4.50			290,841		7.00

Tier I capital
(to average assets)		527,833		10.63			248,252		5.00			198,602		4.00			198,602		4.00

As of December 31, 2018:
Total capital
(to risk-weighted assets)	$	543,008		14.59	%	$	372,186		10.00	%	$	297,749		8.00	%	$	367,533		9.88	%

Tier I capital
(to risk-weighted assets)		504,504		13.56			297,749		8.00			223,311		6.00			293,096		7.88

Common equity tier I
(to risk-weighted assets)		504,502		13.56			241,921		6.50			167,484		4.50			237,268		6.38

Tier I capital
(to average assets)		504,504		11.32			222,912		5.00			178,330		4.00			178,330		4.00

The Company’s regulatory capital amounts and ratios are presented in the following table:

						To Be Well							For Capital
						Capitalized Under		For Capital					Adequacy Purposes
						Prompt Corrective		Adequacy					Including Capital
	Actual					Action Provisions		Purposes					Conservation Buffer (A)
(Dollars in thousands)	Amount		Ratio			Amount	Ratio	Amount		Ratio			Amount		Ratio
As of December 31, 2019:
Total capital
(to risk-weighted assets)	$	590,614		14.20	%	N/A	N/A	$	332,783		8.00	%	$	436,778		10.50	%

Tier I capital
(to risk-weighted assets)		463,521		11.14		N/A	N/A		249,587		6.00			353,582		8.50

Common equity tier I
(to risk-weighted assets)		463,520		11.14		N/A	N/A		187,190		4.50			291,185		7.00

Tier I capital
(to average assets)		463,521		9.33		N/A	N/A		198,792		4.00			198,792		4.00

As of December 31, 2018:
Total capital
(to risk-weighted assets)	$	559,937		15.03	%	N/A	N/A	$	298,047		8.00	%	$	367,902		9.88	%

Tier I capital
(to risk-weighted assets)		438,240		11.76		N/A	N/A		223,535		6.00			293,390		7.88

Common equity tier I
(to risk-weighted assets)		438,238		11.76		N/A	N/A		167,652		4.50			237,506		6.38

Tier I capital
(to average assets)		438,240		9.82		N/A	N/A		178,473		4.00			178,473		4.00

(A)

As fully phased in on January 1, 2019, the Basel Rules require the Company and the Bank to maintain a 2.5% “capital conservation buffer” on top of the minimum risk-weighted asset ratios. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of (i) Common Equity Tier 1 to risk-weighted assets, (ii) Tier 1 capital to risk-weighted assets or (iii) total capital to risk-weighted assets above the respective minimum but below the capital conservation buffer will face constraints on dividends, equity repurchases and discretionary bonus payments to executive officers based on the amount of the shortfall. The implementation of the capital conservation buffer began on January 1, 2016 at the 0.625% level and increased by 0.625% on each subsequent January 1, until it reached 2.5% on January 1, 2019.