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Regulatory Capital (Tables)
9 Months Ended
Sep. 30, 2016
Regulatory Capital Requirements [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following table summarizes both the Corporation’s and Banks’ capital ratios and the ratios required by their federal regulators at September 30, 2016 and December 31, 2015, respectively:

 
 
Actual
 
Minimum Required for Capital Adequacy Purposes
 
Minimum Required to Be Well
Capitalized Under Prompt Corrective Action Requirements
 
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
 
(Dollars in Thousands)
As of September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Total capital
 
 
 
 
 
 
 
 
 
 
 
 
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
200,175

 
11.44
%
 
$
139,979

 
8.00
%
 
N/A

 
N/A

First Business Bank
 
144,931

 
11.42

 
101,529

 
8.00

 
$
126,912

 
10.00
%
First Business Bank — Milwaukee
 
23,437

 
11.12

 
16,868

 
8.00

 
21,085

 
10.00

Alterra Bank
 
30,705

 
11.57

 
21,225

 
8.00

 
26,531

 
10.00

Tier 1 capital
 
 
 
 
 
 
 
 
 
 
 
 
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
157,876

 
9.02
%
 
$
104,984

 
6.00
%
 
N/A

 
N/A

First Business Bank
 
131,964

 
10.40

 
76,147

 
6.00

 
$
101,529

 
8.00
%
First Business Bank — Milwaukee
 
21,357

 
10.13

 
12,651

 
6.00

 
16,868

 
8.00

Alterra Bank
 
27,368

 
10.32

 
15,918

 
6.00

 
21,225

 
8.00

Common Equity Tier 1 capital
 
 
 
 
 
 
 
 
 
 
 
 
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
147,876

 
8.45
%
 
$
78,738

 
4.50
%
 
N/A

 
N/A

First Business Bank
 
131,964

 
10.40

 
57,110

 
4.50

 
$
82,493

 
6.50
%
First Business Bank — Milwaukee
 
21,357

 
10.13

 
9,488

 
4.50

 
13,705

 
6.50

Alterra Bank
 
27,368

 
10.32

 
11,939

 
4.50

 
17,245

 
6.50

Tier 1 leverage capital
 
 
 
 
 
 
 
 
 
 
 
 
(to adjusted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
157,876

 
8.75
%
 
$
72,204

 
4.00
%
 
N/A

 
N/A

First Business Bank
 
131,964

 
10.34

 
51,065

 
4.00

 
$
63,831

 
5.00
%
First Business Bank — Milwaukee
 
21,357

 
7.62

 
11,205

 
4.00

 
14,006

 
5.00

Alterra Bank
 
27,368

 
9.60

 
11,400

 
4.00

 
14,250

 
5.00

 
 
Actual
 
Minimum Required for Capital Adequacy Purposes
 
Minimum Required to Be Well
Capitalized Under Prompt Corrective Action Requirements
 
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
 
(Dollars in Thousands)
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Total capital
 
 
 
 
 
 
 
 
 
 
 
 
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
189,163

 
11.11
%
 
$
136,208

 
8.00
%
 
N/A

 
N/A

First Business Bank
 
141,388

 
11.12

 
101,754

 
8.00

 
$
127,193

 
10.00
%
First Business Bank — Milwaukee
 
20,931

 
12.03

 
13,914

 
8.00

 
17,392

 
10.00

Alterra Bank
 
30,300

 
11.39

 
21,279

 
8.00

 
26,598

 
10.00

Tier 1 capital
 
 
 
 
 
 
 
 
 
 
 
 
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
149,920

 
8.81
%
 
$
102,156

 
6.00
%
 
N/A

 
N/A

First Business Bank
 
128,852

 
10.13

 
76,316

 
6.00

 
$
101,754

 
8.00
%
First Business Bank — Milwaukee
 
19,172

 
11.02

 
10,435

 
6.00

 
13,914

 
8.00

Alterra Bank
 
28,278

 
10.63

 
15,959

 
6.00

 
21,279

 
8.00

Common Equity Tier 1 capital
 
 
 
 
 
 
 
 
 
 
 
 
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
139,920

 
8.22
%
 
$
76,617

 
4.50
%
 
N/A

 
N/A

First Business Bank
 
128,852

 
10.13

 
57,237

 
4.50

 
$
110,669

 
6.50
%
First Business Bank — Milwaukee
 
19,172

 
11.02

 
7,826

 
4.50

 
82,675

 
6.50

Alterra Bank
 
28,278

 
10.63

 
11,969

 
4.50

 
11,305

 
6.50

Tier 1 leverage capital
 
 
 
 
 
 
 
 
 
 
 
 
(to adjusted assets)
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
149,920

 
8.63
%
 
$
69,466

 
4.00
%
 
N/A

 
N/A

First Business Bank
 
128,852

 
10.44

 
49,359

 
4.00

 
$
61,698

 
5.00
%
First Business Bank — Milwaukee
 
19,172

 
7.81

 
9,821

 
4.00

 
12,276

 
5.00

Alterra Bank
 
28,278

 
9.89

 
11,441

 
4.00

 
14,301

 
5.00