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Regulatory Capital (Tables)
 6 Months Ended
Jun. 30, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations The following tables summarize both the Corporation’s and the Bank’s capital ratios and the ratios required by their federal regulators:

 

 

As of June 30, 2024

 

 

 

Actual (1)

 

 

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)

 

Total capital
   (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

392,359

 

 

 

11.45

%

$

274,074

 

 

 

8.00

%

$

359,722

 

 

 

10.50

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

392,709

 

 

 

11.46

 

 

 

274,045

 

 

 

8.00

 

 

 

359,684

 

 

 

10.50

 

 

$

342,556

 

 

 

10.00

%

Tier 1 capital
   (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

307,878

 

 

 

8.99

%

 

$

205,556

 

 

 

6.00

%

 

$

291,204

 

 

 

8.50

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

357,723

 

 

 

10.44

 

 

 

205,534

 

 

 

6.00

 

 

 

291,173

 

 

 

8.50

 

 

$

274,045

 

 

 

8.00

%

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

295,886

 

 

 

8.64

%

 

$

154,167

 

 

 

4.50

%

 

$

239,815

 

 

 

7.00

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

357,723

 

 

 

10.44

 

 

 

154,150

 

 

 

4.50

 

 

 

239,789

 

 

 

7.00

 

 

$

222,662

 

 

 

6.50

%

Tier 1 leverage capital
   (to adjusted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

307,878

 

 

 

8.51

%

 

$

144,664

 

 

 

4.00

%

 

$

144,664

 

 

 

4.00

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

357,723

 

 

 

9.89

 

 

 

144,682

 

 

 

4.00

 

 

 

144,682

 

 

 

4.00

 

 

$

180,852

 

 

 

5.00

%

 

 

 

As of December 31, 2023

 

 

 

Actual (1)

 

 

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)

 

Total capital
   (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

375,440

 

 

 

11.19

%

 

$

268,500

 

 

 

8.00

%

 

$

352,406

 

 

 

10.50

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

376,310

 

 

 

11.21

 

 

 

268,595

 

 

 

8.00

 

 

 

352,531

 

 

 

10.50

 

 

$

335,744

 

 

 

10.00

%

Tier 1 capital
   (to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

293,338

 

 

 

8.74

%

 

$

201,375

 

 

 

6.00

%

 

$

285,281

 

 

 

8.50

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

343,604

 

 

 

10.23

 

 

 

201,446

 

 

 

6.00

 

 

 

285,382

 

 

 

8.50

 

 

$

268,595

 

 

 

8.00

%

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

281,346

 

 

 

8.38

%

 

$

151,031

 

 

 

4.50

%

 

$

234,937

 

 

 

7.00

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

343,604

 

 

 

10.23

 

 

 

151,085

 

 

 

4.50

 

 

 

235,021

 

 

 

7.00

 

 

$

218,233

 

 

 

6.50

%

Tier 1 leverage capital
   (to adjusted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$

293,338

 

 

 

8.43

%

 

$

139,145

 

 

 

4.00

%

 

$

139,145

 

 

 

4.00

%

 

N/A

 

 

N/A

 

First Business Bank

 

 

343,604

 

 

 

9.87

 

 

 

139,262

 

 

 

4.00

 

 

 

139,262

 

 

 

4.00

 

 

$

174,077

 

 

 

5.00

%

 

(1)
2024 and 2023 capital amounts include $677,000 and $1.0 million, respectively, of additional stockholders’ equity as elected by the Corporation and permitted by federal banking regulatory agencies related to the adoption of ASC 326. Risk-weighted assets were also adjusted accordingly.