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Stockholders' Equity and Regulatory Capital (Tables)
12 Months Ended
Dec. 31, 2018
Regulatory Capital Requirements [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations
The following tables summarizes the Bank’s capital ratios and the ratios required by their federal regulator at December 31, 2018:
 
 
Actual
 
Minimum Required for Capital Adequacy Purposes
 
For Capital Adequacy Purposes Plus Capital Conservation Buffer
 
Minimum Required to Be Well Capitalized Under Prompt Corrective Action
Requirements
 
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
 
(Dollars in Thousands)
As of December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First Business Bank
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital (to risk-weighted assets)

 
$
220,474

 
11.49
%
 
$
153,456

 
8.00
%
 
$
189,422

 
9.875
%
 
$
191,820

 
10.00
%
Tier 1 capital (to risk-weighted assets)

 
197,093

 
10.27

 
115,092

 
6.00

 
151,058

 
7.88

 
153,456

 
8.00

Common equity tier 1 capital (to risk-weighted assets)

 
197,093

 
10.27

 
86,319

 
4.50

 
122,285

 
6.375

 
124,683

 
6.50

Tier 1 leverage capital (to adjusted assets)

 
197,093

 
10.20

 
77,301

 
4.00

 
77,301

 
4.00

 
96,626

 
5.00


The following table summarizes both the Corporation’s and Bank’s capital ratios and the ratios required by their federal regulators at December 31, 2017:
 
 
Actual
 
Minimum Required for Capital Adequacy Purposes
 
For Capital Adequacy Purposes Plus Capital Conservation Buffer
 
Minimum Required to Be Well Capitalized Under Prompt Corrective Action
Requirements
 
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
 
(Dollars in Thousands)
As of December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
214,501

 
11.98
%
 
$
143,219

 
8.00
%
 
$
165,597

 
9.250
%
 
N/A

 
N/A

First Business Bank
 
207,986

 
11.66

 
142,736

 
8.00

 
165,038

 
9.250

 
$
178,420

 
10.00
%
Tier 1 capital
(to risk-weighted assets)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
169,176

 
9.45
%
 
$
107,414

 
6.00
%
 
$
129,792

 
7.250
%
 
N/A

 
N/A

First Business Bank
 
186,374

 
10.45

 
107,052

 
6.00

 
129,354

 
7.250

 
$
142,736

 
8.00
%
Common equity tier 1 capital
(to risk-weighted assets)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
159,157

 
8.89
%
 
$
80,561

 
4.50
%
 
$
102,939

 
5.750
%
 
N/A

 
N/A

First Business Bank
 
186,374

 
10.45

 
80,289

 
4.50

 
102,591

 
5.750

 
$
115,973

 
6.50
%
Tier 1 leverage capital
(to adjusted assets)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
169,176

 
9.54
%
 
$
70,920

 
4.00
%
 
$
70,920

 
4.00
%
 
N/A

 
N/A

First Business Bank
 
186,374

 
10.56

 
70,617

 
4.00

 
70,617

 
4.00

 
$
88,272

 
5.00
%
Reconciliation of stockholders' equity to federal regulatory capital
The following table reconciles stockholders’ equity to federal regulatory capital at December 31, 2018 and 2017, respectively:
 
 
As of December 31,
 
 
2018
 
2017
 
 
(In Thousands)
Stockholders’ equity of the Corporation
 
$
180,707

 
$
169,278

Net unrealized and accumulated losses on specific items
 
1,684

 
1,238

Disallowed servicing assets
 
(751
)
 
(848
)
Disallowed goodwill and other intangibles
 
(10,498
)
 
(10,511
)
Junior subordinated notes
 
10,033

 
10,019

Tier 1 capital
 
181,175

 
169,176

Allowable general valuation allowances and subordinated debt
 
47,150

 
45,325

Total capital
 
$
228,325

 
$
214,501