Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2019

Regulatory Matters

Summary of bank's actual capital amounts and ratios

The Company, Merchants Bank, and FMBI’s actual capital amounts and ratios are also presented in the following tables.

					Minimum Amount
					Required for				Minimum Amount
					Adequately				To Be Well
	Actual				Capitalized(1)				Capitalized(1)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
September 30, 2019
Total capital(1) (to risk-weighted assets)
Company	$	609,995	10.8	%	$	450,589	8.0	%	$	—	N/A
Merchants Bank		613,387	11.2	%		439,405	8.0	%		549,257	10.0	%
FMBI		20,154	14.2	%		11,315	8.0	%		14,144	10.0	%
Tier 1 capital(1) (to risk-weighted assets)
Company		596,290	10.6	%		337,942	6.0	%		—	N/A
Merchants Bank		600,164	10.9	%		329,554	6.0	%		439,405	8.0	%
FMBI		19,672	13.9	%		8,486	6.0	%		11,315	8.0	%
Common Equity Tier 1 capital(1) (to risk-weighted assets)
Company		383,602	6.8	%		253,457	4.5	%		—	N/A
Merchants Bank		600,164	10.9	%		247,166	4.5	%		357,017	6.5	%
FMBI		19,672	13.9	%		6,365	4.5	%		9,194	6.5	%
Tier 1 capital(1) (to average assets)
Company		596,290	10.0	%		239,096	4.0	%		—	N/A
Merchants Bank		600,164	10.3	%		232,749	4.0	%		290,937	5.0	%
FMBI		19,672	11.5	%		6,845	4.0	%		8,556	5.0	%

					Minimum				Minimum
					Amount Required				Amount To Be
					for Adequately				Well
	Actual				Capitalized(1)				Capitalized(1)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
December 31, 2018
Total capital(1) (to risk-weighted assets)
Company	$	393,654	12.3	%	$	255,884	8.0	%	$	—	N/A
Merchants Bank		412,386	13.3	%		248,290	8.0	%		310,363	10.0	%
FMBI		17,537	18.6	%		7,559	8.0	%		9,448	10.0	%
Tier 1 capital(1) (to risk-weighted assets)
Company		380,950	11.9	%		191,913	6.0	%		—	N/A
Merchants Bank		399,815	12.9	%		186,218	6.0	%		248,290	8.0	%
FMBI		17,404	18.4	%		5,669	6.0	%		7,559	8.0	%
Common Equity Tier 1 capital(1) (to risk-weighted assets)
Company		339,369	10.6	%		143,935	4.5	%		—	N/A
Merchants Bank		399,815	12.9	%		139,663	4.5	%		201,736	6.5	%
FMBI		17,404	18.4	%		4,252	4.5	%		6,141	6.5	%
Tier 1 capital(1) (to average assets)
Company		380,950	10.0	%		152,081	4.0	%		—	N/A
Merchants Bank		399,815	11.0	%		145,723	4.0	%		182,154	5.0	%
FMBI		17,404	10.8	%		6,453	4.0	%		8,066	5.0	%

1 As defined by regulatory agencies.

Beginning January 1, 2015, the Basel III Capital Rule applied to Merchants Bank. The following table lists the capital categories and ratios determined by the Board of Governors of the Federal Reserve System and the FDIC.

					Common Equity
	Total Risk-based		Tier 1 Risk-based		Tier 1 Risk-based		Tier 1
Capital Category	Capital ratio		Capital ratio		Capital ratio		Leverage ratio
Well capitalized	10	%	8	%	6.5	%	5	%
Adequately capitalized	8		6		4.5		4
Undercapitalized	<8		<6		<4.5		<4
Significantly undercapitalized	<6		<4		<3		<3
Critically undercapitalized	Tangible Equity/Total Assets </= 2%