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Note 13 - Regulatory Matters | 9 Months Ended
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Sep. 30, 2020
Notes to Financial Statements |
Regulatory Capital Requirements under Banking Regulations [Text Block] |
13. | Regulatory Matters
On September 30, 2020, the Banks qualified for and elected to use the community bank leverage ratio (CBLR) framework. In order to qualify for the CBLR framework, a community banking organization must have a tier 1 leverage ratio of greater than 8%, less than $10 billion in total consolidated assets, and limited amounts of off-balance-sheet exposures and trading assets and liabilities. Beginning in 2021, the CBLR will increase to 8.5% for the calendar year and will again increase to 9% beginning January 1, 2022. A qualifying community banking organization that opts into the CBLR framework and meets all requirements under the framework will be considered to have met the well-capitalized ratio requirements under the Prompt Corrective Action regulations and will not be required to report or calculate risk-based capital. The Company and the Banks’ capital amounts and ratios as of September 30, 2020 and December 31, 2019 are as follows (dollars in thousands):
|  |  |  |  |  |  |  |  |  | To Be Well |
|  |  |  |  |  |  |  |  |  | Capitalized Under |
|  |  |  |  |  |  |  |  |  | Prompt Corrective |
|  | Actual |  |  | Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
As of September 30, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Community Bank Leverage Ratio: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Tier 1 capital to average assets for leverage ratio): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Boone Bank & Trust |  | $ | 13,770 |  |  |  | 9.5 | % |  | $ | 11,642 |  |  |  | 8.0 | %
First National Bank |  |  | 84,275 |  |  |  | 8.8 |  |  |  | 76,901 |  |  |  | 8.0 |
Iowa State Savings Bank |  |  | 21,251 |  |  |  | 9.5 |  |  |  | 17,883 |  |  |  | 8.0 |
Reliance State Bank |  |  | 22,923 |  |  |  | 9.9 |  |  |  | 18,438 |  |  |  | 8.0 |
State Bank & Trust |  |  | 16,181 |  |  |  | 8.9 |  |  |  | 14,590 |  |  |  | 8.0 |
United Bank & Trust |  |  | 10,436 |  |  |  | 9.6 |  |  |  | 8,720 |  |  |  | 8.0 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | To Be Well |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Capitalized Under |
|  |  |  |  |  |  |  |  |  | For Capital |  |  | Prompt Corrective |
|  | Actual |  |  | Adequacy Purposes |  |  | Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
As of December 31, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk- weighted assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 180,834 |  |  |  | 14.3 | % |  | $ | 132,878 |  |  |  | 10.50 | % |  |  | N/A |  |  |  | N/A |
Boone Bank & Trust |  |  | 14,205 |  |  |  | 14.1 |  |  |  | 10,610 |  |  |  | 10.50 |  |  | $ | 10,105 |  |  |  | 10.0 | %
First National Bank |  |  | 87,375 |  |  |  | 13.9 |  |  |  | 66,180 |  |  |  | 10.50 |  |  |  | 63,028 |  |  |  | 10.0 |
Iowa State Savings Bank |  |  | 20,610 |  |  |  | 14.2 |  |  |  | 15,208 |  |  |  | 10.50 |  |  |  | 14,483 |  |  |  | 10.0 |
Reliance State Bank |  |  | 24,487 |  |  |  | 13.0 |  |  |  | 19,778 |  |  |  | 10.50 |  |  |  | 18,836 |  |  |  | 10.0 |
State Bank & Trust |  |  | 16,800 |  |  |  | 13.5 |  |  |  | 13,115 |  |  |  | 10.50 |  |  |  | 12,490 |  |  |  | 10.0 |
United Bank & Trust |  |  | 10,775 |  |  |  | 14.3 |  |  |  | 7,910 |  |  |  | 10.50 |  |  |  | 7,534 |  |  |  | 10.0 |
Tier 1 capital (to risk- weighted assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 167,514 |  |  |  | 13.2 | % |  | $ | 107,568 |  |  |  | 8.50 | % |  |  | N/A |  |  |  | N/A |
Boone Bank & Trust |  |  | 13,274 |  |  |  | 13.1 |  |  |  | 8,589 |  |  |  | 8.50 |  |  | $ | 8,084 |  |  |  | 8.0 | %
First National Bank |  |  | 80,665 |  |  |  | 12.8 |  |  |  | 53,574 |  |  |  | 8.50 |  |  |  | 50,423 |  |  |  | 8.0 |
Iowa State Savings Bank |  |  | 20,151 |  |  |  | 13.9 |  |  |  | 12,311 |  |  |  | 8.50 |  |  |  | 11,587 |  |  |  | 8.0 |
Reliance State Bank |  |  | 22,166 |  |  |  | 11.8 |  |  |  | 16,010 |  |  |  | 8.50 |  |  |  | 15,069 |  |  |  | 8.0 |
State Bank & Trust |  |  | 15,233 |  |  |  | 12.2 |  |  |  | 10,617 |  |  |  | 8.50 |  |  |  | 9,992 |  |  |  | 8.0 |
United Bank & Trust |  |  | 9,955 |  |  |  | 13.2 |  |  |  | 6,403 |  |  |  | 8.50 |  |  |  | 6,027 |  |  |  | 8.0 |
Tier 1 capital (to average- assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 167,544 |  |  |  | 10.1 | % |  | $ | 66,234 |  |  |  | 4.00 | % |  |  | N/A |  |  |  | N/A |
Boone Bank & Trust |  |  | 13,274 |  |  |  | 9.5 |  |  |  | 5,604 |  |  |  | 4.00 |  |  | $ | 7,005 |  |  |  | 5.0 | %
First National Bank |  |  | 80,665 |  |  |  | 9.3 |  |  |  | 34,702 |  |  |  | 4.00 |  |  |  | 43,378 |  |  |  | 5.0 |
Iowa State Savings Bank |  |  | 20,151 |  |  |  | 9.5 |  |  |  | 8,453 |  |  |  | 4.00 |  |  |  | 10,567 |  |  |  | 5.0 |
Reliance State Bank |  |  | 22,166 |  |  |  | 10.0 |  |  |  | 8,886 |  |  |  | 4.00 |  |  |  | 11,108 |  |  |  | 5.0 |
State Bank & Trust |  |  | 15,233 |  |  |  | 9.5 |  |  |  | 6,384 |  |  |  | 4.00 |  |  |  | 7,980 |  |  |  | 5.0 |
United Bank & Trust |  |  | 9,955 |  |  |  | 9.8 |  |  |  | 4,073 |  |  |  | 4.00 |  |  |  | 5,091 |  |  |  | 5.0 |
Common equity tier 1 capital (to risk-weighted assets): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 167,544 |  |  |  | 13.2 | % |  | $ | 88,585 |  |  |  | 7.00 | % |  |  | N/A |  |  |  | N/A |
Boone Bank & Trust |  |  | 13,274 |  |  |  | 13.1 |  |  |  | 7,074 |  |  |  | 7.00 |  |  | $ | 6,568 |  |  |  | 6.5 | %
First National Bank |  |  | 80,665 |  |  |  | 12.8 |  |  |  | 44,120 |  |  |  | 7.00 |  |  |  | 40,968 |  |  |  | 6.5 |
Iowa State Savings Bank |  |  | 20,151 |  |  |  | 13.9 |  |  |  | 10,138 |  |  |  | 7.00 |  |  |  | 9,414 |  |  |  | 6.5 |
Reliance State Bank |  |  | 22,166 |  |  |  | 11.8 |  |  |  | 13,185 |  |  |  | 7.00 |  |  |  | 12,243 |  |  |  | 6.5 |
State Bank & Trust |  |  | 15,233 |  |  |  | 12.2 |  |  |  | 8,743 |  |  |  | 7.00 |  |  |  | 8,119 |  |  |  | 6.5 |
United Bank & Trust |  |  | 9,955 |  |  |  | 13.2 |  |  |  | 5,273 |  |  |  | 7.00 |  |  |  | 4,897 |  |  |  | 6.5 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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