Regulatory Capital (Tables)

9 Months Ended

Sep. 30, 2024

Regulatory Capital Requirements under Banking Regulations [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

The table presents the actual and required capital ratios for the Company and the Bank as of September 30, 2024 and December 31, 2023.

	The Company				The Bank			Regulatory min ratio + CCB (1)		To Be Well-Capitalized Under Prompt Corrective Action Regulation (5)
($ in thousands)	Amount		Ratio		Amount	Ratio
September 30, 2024
Common Tier 1 Capital to RWA	$	446,402	9.27	%	509,511	10.60	%	7.00	%	6.50	%
Tier 1 Capital to RWA	476,170		9.89	%	509,511	10.60	%	8.50	%	8.00	%
Total Capital to RWA	579,664		12.04	%	569,317	11.84	%	10.50	%	10.00	%
Tier 1 Capital to AA (Leverage) (2)	476,170		8.31	%	509,511	8.90	%	4.00	%	5.00	%
December 31, 2023
Common Tier 1 Capital to RWA	$	408,317	8.69	%	470,200	10.02	%	7.00	%	6.50	%
Tier 1 Capital to RWA	437,847		9.32	%	470,200	10.02	%	8.50	%	8.00	%
Total Capital to RWA	539,572		11.49	%	528,786	11.27	%	10.50	%	10.00	%
Tier 1 Capital to AA (Leverage) (2)	437,847		7.75	%	470,200	8.33	%	4.00	%	5.00	%

Regulatory Capital and Ratios	The Company				The Bank
($ in thousands)	September 30, 2024		December 31, 2023		September 30, 2024		December 31, 2023
Common equity	$	533,271	$	511,135	$	595,954	$	570,100
Goodwill(4)	(61,397)		(63,266)		(61,397)		(63,266)
Core deposit intangible (3)	(30,572)		(38,069)		(30,572)		(38,069)
DTAs that arise from net operating loss and tax credit carry forwards	(426)		(8,977)		—		(6,059)
AOCI losses	5,526		7,494		5,526		7,494
Common Equity Tier 1 Capital	446,402		408,317		509,511		470,200
TRUPs	29,768		29,530		—		—
Tier 1 Capital	476,170		437,847		509,511		470,200
Allowable reserve for credit losses and other Tier 2 adjustments	59,806		58,586		59,806		58,586
Subordinated debentures	43,688		43,139		—		—
Total Capital	$	579,664	$	539,572	$	569,317	$	528,786
Risk-Weighted Assets (“RWA”)	$	4,816,165	$	4,697,504	$	4,808,058	$	4,693,009
Average Assets (“AA”)	$	5,729,576	$	5,649,116	$	5,721,995	$	5,644,930

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(1)The regulatory minimum capital ratio ("Min. Ratio") + the capital conservation buffer ("CCB").

(2)Tier 1 Capital to AA (Leverage) has no capital conservation buffer defined. The PCA well capitalized is defined as 5.00%.

(3)Core deposit intangible is net of deferred tax liability.

(4)Goodwill is net of deferred tax liability.

(5)Applies to the Bank only.