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Regulatory Capital | 12 Months Ended
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Dec. 31, 2023
Regulatory Capital |
Regulatory Capital | Note 21: Regulatory Capital The Company and the Bank are subject to various regulatory requirements administered by 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, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank must also meet certain specific capital guidelines under the regulatory framework for prompt corrective action. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios of common equity Tier 1 capital, Tier 1 capital and total capital to risk-weighted assets and of Tier 1 capital to average consolidated assets (referred to as the “leverage ratio”), as defined under the applicable regulatory capital rules. The following tables present the capital amounts and ratios for the Company, on a consolidated basis, and the Bank as of December 31, 2023 and 2022:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Minimum Required | ​ | For Capital Adequacy | ​ | To be Well Capitalized | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | For Capital Adequacy | ​ | Purposes Plus Capital | ​ | Under Prompt Corrective | ​
​ | ​ | Actual | ​ | Purposes | ​ | Conservation Buffer | ​ | Action Regulations | ​
(dollars in thousands) |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio | ​ | Amount |  | Ratio | ​
December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Company (Consolidated): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Risk-based Capital | ​ | $ | 570,770 | ​ | 13.97 | % | $ | 326,872 | ​ | 8.00 | % | $ | 429,019 | ​ | 10.50 | % | ​ | N/A | ​ | N/A | ​
Tier 1 Risk-based Capital | ​ | ​ | 440,947 | ​ | 10.79 | ​ | ​ | 245,154 | ​ | 6.00 | ​ | ​ | 347,301 | ​ | 8.50 | ​ | ​ | N/A | ​ | N/A | ​
Common Equity Tier 1 Capital | ​ | ​ | 374,433 | ​ | 9.16 | ​ | ​ | 183,865 | ​ | 4.50 | ​ | ​ | 286,013 | ​ | 7.00 | ​ | ​ | N/A | ​ | N/A | ​
Tier 1 Leverage Ratio | ​ | ​ | 440,947 | ​ | 9.57 | ​ | ​ | 184,383 | ​ | 4.00 | ​ | ​ | 184,383 | ​ | 4.00 | ​ | ​ | N/A | ​ | N/A | ​
Bank: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Risk-based Capital | ​ | $ | 554,269 | ​ | 13.58 | % | $ | 326,528 | ​ | 8.00 | % | $ | 428,568 | ​ | 10.50 | % | $ | 408,160 | ​ | 10.00 | %
Tier 1 Risk-based Capital | ​ | ​ | 503,787 | ​ | 12.34 | ​ | ​ | 244,896 | ​ | 6.00 | ​ | ​ | 346,936 | ​ | 8.50 | ​ | ​ | 326,528 | ​ | 8.00 | ​
Common Equity Tier 1 Capital | ​ | ​ | 503,787 | ​ | 12.34 | ​ | ​ | 183,672 | ​ | 4.50 | ​ | ​ | 285,712 | ​ | 7.00 | ​ | ​ | 265,304 | ​ | 6.50 | ​
Tier 1 Leverage Ratio | ​ | ​ | 503,787 | ​ | 10.95 | ​ | ​ | 184,037 | ​ | 4.00 | ​ | ​ | 184,037 | ​ | 4.00 | ​ | ​ | 230,047 | ​ | 5.00 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Minimum Required | ​ | For Capital Adequacy | ​ | To be Well Capitalized | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | For Capital Adequacy | ​ | Purposes Plus Capital | ​ | Under Prompt Corrective | ​
​ | ​ | Actual | ​ | Purposes | ​ | Conservation Buffer | ​ | Action Regulations | ​
(dollars in thousands) |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio | ​ | Amount |  | Ratio | ​
December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Company (Consolidated): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Risk-based Capital | ​ | $ | 536,352 | ​ | 13.15 | % | $ | 326,190 | ​ | 8.00 | % | $ | 428,125 | ​ | 10.50 | % | ​ | N/A | ​ | N/A | ​
Tier 1 Risk-based Capital | ​ | ​ | 409,092 | ​ | 10.03 | ​ | ​ | 244,643 | ​ | 6.00 | ​ | ​ | 346,577 | ​ | 8.50 | ​ | ​ | N/A | ​ | N/A | ​
Common Equity Tier 1 Capital | ​ | ​ | 342,578 | ​ | 8.40 | ​ | ​ | 183,482 | ​ | 4.50 | ​ | ​ | 285,417 | ​ | 7.00 | ​ | ​ | N/A | ​ | N/A | ​
Tier 1 Leverage Ratio | ​ | ​ | 409,092 | ​ | 9.55 | ​ | ​ | 171,368 | ​ | 4.00 | ​ | ​ | 171,368 | ​ | 4.00 | ​ | ​ | N/A | ​ | N/A | ​
Bank: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Risk-based Capital | ​ | $ | 508,760 | ​ | 12.47 | % | $ | 326,288 | ​ | 8.00 | % | $ | 428,253 | ​ | 10.50 | % | $ | 407,860 | ​ | 10.00 | %
Tier 1 Risk-based Capital | ​ | ​ | 460,404 | ​ | 11.29 | ​ | ​ | 244,716 | ​ | 6.00 | ​ | ​ | 346,681 | ​ | 8.50 | ​ | ​ | 326,288 | ​ | 8.00 | ​
Common Equity Tier 1 Capital | ​ | ​ | 460,404 | ​ | 11.29 | ​ | ​ | 183,537 | ​ | 4.50 | ​ | ​ | 285,502 | ​ | 7.00 | ​ | ​ | 265,109 | ​ | 6.50 | ​
Tier 1 Leverage Ratio | ​ | ​ | 460,404 | ​ | 10.76 | ​ | ​ | 171,113 | ​ | 4.00 | ​ | ​ | 171,113 | ​ | 4.00 | ​ | ​ | 213,891 | ​ | 5.00 | ​
​ The Company and the Bank must maintain a capital conservation buffer as defined by Basel III regulatory capital guidelines, in order to avoid limitations on capital distributions, including dividend payments, stock repurchases and certain discretionary bonus payments to executive officers. As of December 31, 2023 and 2022, the capital ratios of the Company and the Bank were in excess of the quantitative capital ratio standards applicable on those dates. However, there can be no assurance that the Company and the Bank will continue to maintain such status in the future.

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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//1943274/2147480696/942-505-50-1 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//1943274/2147480696/942-505-50-1 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//1943274/2147480696/942-505-50-1 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//1943274/2147480696/942-505-50-1 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//1943274/2147480696/942-505-50-1 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//1943274/2147480696/942-505-50-1D 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//1943274/2147480696/942-505-50-1A 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//1943274/2147480696/942-505-50-1F + Details
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