Regulatory Capital Requirements and Restrictions on Subsidiary Cash

3 Months Ended

Mar. 31, 2020

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

Regulatory Capital Requirements and Restrictions on Subsidiary Cash

Regulatory Capital Requirements and Restrictions on Subsidiary CashThe Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's consolidated financial statements. The capital amounts and classification also are subject to qualitative judgments by the regulators about components, risk weightings and other factors.

A comparison of the Company's and the Bank's capital with the corresponding minimum regulatory requirements in effect as of March 31, 2020 and December 31, 2019, is presented below:

	Actual		For Capital Adequacy Purposes With Capital Conservation Buffer(1)		To Be Well Capitalized Under Prompt Corrective Action Provisions
(dollars in thousands)	Amount	Ratio	Amount	Ratio	Amount	Ratio
At March 31, 2020
Consolidated:
Total capital/risk weighted assets	$478,203	11.48%	$437,295	10.50%	N/A	N/A
Tier 1 capital/risk weighted assets	427,059	10.25	354,000	8.50	N/A	N/A
Common equity tier 1 capital/risk weighted assets	385,428	9.25	291,530	7.00	N/A	N/A
Tier 1 leverage capital/average assets	427,059	9.39	181,950	4.00	N/A	N/A
MidWestOne Bank:
Total capital/risk weighted assets	$500,343	12.03%	$436,868	10.50%	$416,065	10.00%
Tier 1 capital/risk weighted assets	455,700	10.95	353,655	8.50	332,852	8.00
Common equity tier 1 capital/risk weighted assets	455,700	10.95	291,246	7.00	270,442	6.50
Tier 1 leverage capital/average assets	455,700	10.03	181,680	4.00	227,099	5.00
At December 31, 2019
Consolidated:
Total capital/risk weighted assets	$463,601	11.34%	$429,077	10.50%	N/A	N/A
Tier 1 capital/risk weighted assets	428,021	10.47	347,348	8.50	N/A	N/A
Common equity tier 1 capital/risk weighted assets	386,434	9.46	286,051	7.00	N/A	N/A
Tier 1 leverage capital/average assets	428,021	9.48	180,529	4.00	N/A	N/A
MidWestOne Bank:
Total capital/risk weighted assets	$482,106	11.83%	$427,877	10.50%	$407,502	10.00%
Tier 1 capital/risk weighted assets	453,027	11.12	346,377	8.50	326,002	8.00
Common equity tier 1 capital/risk weighted assets	453,027	11.12	285,251	7.00	264,876	6.50
Tier 1 leverage capital/average assets	453,027	10.06	180,209	4.00	231,166	5.00

(1) Includes a capital conservation buffer of 2.50% at March 31, 2020 and December 31, 2019.

The Bank for the period as of December 31, 2019 was required to maintain reserve balances in cash on hand or on deposit with Federal Reserve Banks, of which these reserve amounts totaled $24.1 million. There was no such requirement to maintain such reserve balances as of March 31, 2020, and therefore the total amount held in reserve was $0.0 million.