XML 42 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Regulatory Matters (Tables)
 6 Months Ended
Jun. 30, 2017
Regulatory Matters [Abstract]  
Actual capital amounts and ratios
Our actual capital amounts and ratios follow:

  
Actual
  
Minimum for
Adequately Capitalized
Institutions
  
Minimum for
Well-Capitalized
Institutions
 
  
Amount
  
Ratio
  
Amount
  
Ratio
  
Amount
  
Ratio
 
  
(Dollars in thousands)
 
                   
June 30, 2017
                  
Total capital to risk-weighted assets
                  
Consolidated
 
$
298,454
   
15.45
%
 
$
154,583
   
8.00
%
 
NA
  
NA
 
Independent Bank
  
277,429
   
14.37
   
154,410
   
8.00
  
$
193,013
   
10.00
%
                         
Tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
276,978
   
14.33
%
 
$
115,937
   
6.00
%
 
NA
  
NA
 
Independent Bank
  
255,953
   
13.26
   
115,808
   
6.00
  
$
154,410
   
8.00
%
                         
Common equity tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
245,795
   
12.72
%
 
$
86,953
   
4.50
%
 
NA
  
NA
 
Independent Bank
  
255,953
   
13.26
   
86,856
   
4.50
  
$
125,459
   
6.50
%
                         
Tier 1 capital to average assets
                        
Consolidated
 
$
276,978
   
10.74
%
 
$
103,173
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
255,953
   
9.93
   
103,115
   
4.00
  
$
128,894
   
5.00
%
                         
December 31, 2016
                        
Total capital to risk-weighted assets
                        
Consolidated
 
$
286,289
   
15.86
%
 
$
144,413
   
8.00
%
 
NA
  
NA
 
Independent Bank
  
270,855
   
15.02
   
144,223
   
8.00
  
$
180,279
   
10.00
%
                         
Tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
265,405
   
14.70
%
 
$
108,309
   
6.00
%
 
NA
  
NA
 
Independent Bank
  
249,971
   
13.87
   
108,167
   
6.00
  
$
144,223
   
8.00
%
                         
Common equity tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
238,996
   
13.24
%
 
$
81,232
   
4.50
%
 
NA
  
NA
 
Independent Bank
  
249,971
   
13.87
   
81,126
   
4.50
  
$
117,181
   
6.50
%
                         
Tier 1 capital to average assets
                        
Consolidated
 
$
265,405
   
10.50
%
 
$
101,112
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
249,971
   
9.90
   
101,019
   
4.00
  
$
126,274
   
5.00
%

NA - Not applicable
Components of regulatory capital
The components of our regulatory capital are as follows:

  
Consolidated
  
Independent Bank
 
  
June 30,
2017
  
December 31,
2016
  
June 30,
2017
  
December 31,
2016
 
  
(In thousands)
 
Total shareholders’ equity
 
$
262,453
  
$
248,980
  
$
266,093
  
$
258,814
 
Add (deduct)
                
Accumulated other comprehensive (gain) loss for regulatory purposes
  
(1,985
)
  
3,310
   
(1,985
)
  
3,310
 
Intangible assets
  
(1,407
)
  
(1,159
)
  
(1,407
)
  
(1,159
)
Disallowed deferred tax assets
  
(13,266
)
  
(12,135
)
  
(6,748
)
  
(10,994
)
Common equity tier 1 capital
  
245,795
   
238,996
   
255,953
   
249,971
 
Qualifying trust preferred securities
  
34,500
   
34,500
   
-
   
-
 
Disallowed deferred tax assets
  
(3,317
)
  
(8,091
)
  
-
   
-
 
Tier 1 capital
  
276,978
   
265,405
   
255,953
   
249,971
 
                 
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets
  
21,476
   
20,884
   
21,476
   
20,884
 
Total risk-based capital
 
$
298,454
  
$
286,289
  
$
277,429
  
$
270,855