Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2020

Regulatory Matters

Summary of bank's actual capital amounts and ratios

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

					Minimum Amount
					To Be Well
	Actual				Capitalized(1)
	Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
March 31, 2020
Tier 1 capital(1) (to average assets)
(i.e., leverage ratio)
Company	$	652,781	9.9	%	$	592,662	> 9	%
Merchants Bank		642,891	10.1	%		574,263	> 9	%
FMBI		21,969	10.7	%		18,397	> 9	%

					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, 2019
Total capital(1) (to risk-weighted assets)
Company	$	637,472	11.6	%	$	440,063	8.0	%	$	—	N/A
Merchants Bank		639,104	12.0	%		426,748	8.0	%		533,435	10.0	%
FMBI		21,726	13.1	%		13,306	8.0	%		16,632	10.0	%
Tier 1 capital(1) (to risk-weighted assets)
Company		621,630	11.3	%		330,047	6.0	%		—	N/A
Merchants Bank		623,716	11.7	%		320,061	6.0	%		426,748	8.0	%
FMBI		21,272	12.8	%		9,979	6.0	%		13,306	8.0	%
Common Equity Tier 1 capital(1) (to risk-weighted assets)
Company		408,984	7.4	%		247,536	4.5	%		—	N/A
Merchants Bank		623,716	11.7	%		240,046	4.5	%		346,733	6.5	%
FMBI		21,272	12.8	%		7,484	4.5	%		10,811	6.5	%
Tier 1 capital(1) (to average assets)
Company		621,630	9.4	%		264,324	4.0	%		—	N/A
Merchants Bank		623,716	9.7	%		257,487	4.0	%		321,859	5.0	%
FMBI		21,272	11.7	%		7,302	4.0	%		9,128	5.0	%

1 As defined by regulatory agencies.