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Regulatory Matters (Tables)
 6 Months Ended
Jun. 30, 2018
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, 2018
                  
Total capital to risk-weighted assets
                  
Consolidated
 
$
359,585
   
14.49
%
 
$
198,495
   
8.00
%
 
NA
  
NA
 
Independent Bank
  
335,404
   
13.52
   
198,431
   
8.00
  
$
248,038
   
10.00
%
                         
Tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
335,033
   
13.50
%
 
$
148,871
   
6.00
%
 
NA
  
NA
 
Independent Bank
  
310,852
   
12.53
   
148,823
   
6.00
  
$
198,431
   
8.00
%
                         
Common equity tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
296,903
   
11.97
%
 
$
111,654
   
4.50
%
 
NA
  
NA
 
Independent Bank
  
310,852
   
12.53
   
111,617
   
4.50
  
$
161,225
   
6.50
%
                         
Tier 1 capital to average assets
                        
Consolidated
 
$
335,033
   
10.70
%
 
$
125,215
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
310,852
   
9.93
   
125,156
   
4.00
  
$
156,445
   
5.00
%
                         
December 31, 2017
                        
Total capital to risk-weighted assets
                        
Consolidated
 
$
312,163
   
15.16
%
 
$
164,782
   
8.00
%
 
NA
  
NA
 
Independent Bank
  
290,188
   
14.10
   
164,675
   
8.00
  
$
205,843
   
10.00
%
                         
Tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
288,451
   
14.00
%
 
$
123,586
   
6.00
%
 
NA
  
NA
 
Independent Bank
  
266,476
   
12.95
   
123,506
   
6.00
  
$
164,675
   
8.00
%
                         
Common equity tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
255,934
   
12.43
%
 
$
92,690
   
4.50
%
 
NA
  
NA
 
Independent Bank
  
266,476
   
12.95
   
92,630
   
4.50
  
$
133,798
   
6.50
%
                         
Tier 1 capital to average assets
                        
Consolidated
 
$
288,451
   
10.57
%
 
$
109,209
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
266,476
   
9.78
   
109,041
   
4.00
  
$
136,301
   
5.00
%
 
NA - Not applicable
Regulatory Capital
The components of our regulatory capital are as follows:
 
  
Consolidated
  
Independent Bank
 
  
June 30,
2018
  
December 31,
2017
  
June 30,
2018
  
December 31,
2017
 
  
(In thousands)
 
Total shareholders' equity
 
$
337,083
  
$
264,933
  
$
343,500
  
$
269,481
 
Add (deduct)
                
Accumulated other comprehensive loss for regulatory purposes
  
3,417
   
201
   
3,417
   
201
 
Intangible assets
  
(36,016
)
  
(1,269
)
  
(36,016
)
  
(1,269
)
Disallowed deferred tax assets
  
(7,581
)
  
(7,931
)
  
(49
)
  
(1,937
)
Common equity tier 1 capital
  
296,903
   
255,934
   
310,852
   
266,476
 
Qualifying trust preferred securities
  
38,130
   
34,500
   
-
   
-
 
Disallowed deferred tax assets
  
-
   
(1,983
)
  
-
   
-
 
Tier 1 capital
  
335,033
   
288,451
   
310,852
   
266,476
 
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets
  
24,552
   
23,712
   
24,552
   
23,712
 
Total risk-based capital
 
$
359,585
  
$
312,163
  
$
335,404
  
$
290,188