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Regulatory Matters (Tables)
 9 Months Ended
Sep. 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)
                   
September 30, 2018
                  
Total capital to risk-weighted assets
                  
Consolidated
 
$
373,748
   
14.57
%
 
$
205,173
   
8.00
%
 
NA
  
NA
 
Independent Bank
  
337,905
   
13.18
   
205,044
   
8.00
  
$
256,305
   
10.00
%
                         
Tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
348,228
   
13.58
%
 
$
153,880
   
6.00
%
 
NA
  
NA
 
Independent Bank
  
312,385
   
12.19
   
153,783
   
6.00
  
$
205,044
   
8.00
%
                         
Common equity tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
310,081
   
12.09
%
 
$
115,410
   
4.50
%
 
NA
  
NA
 
Independent Bank
  
312,385
   
12.19
   
115,337
   
4.50
  
$
166,598
   
6.50
%
                         
Tier 1 capital to average assets
                        
Consolidated
 
$
348,228
   
10.84
%
 
$
128,543
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
312,385
   
9.73
   
128,376
   
4.00
  
$
160,469
   
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

September 30,
2018


December 31,
2017
September 30,
2018


December 31,
2017
  
(In thousands)
 
Total shareholders' equity
 
$
345,204
  
$
264,933
  
$
343,351
  
$
269,481
 

                
Add (deduct)
                
Accumulated other comprehensive loss for regulatory purposes
  
4,092
   
201
   
4,092
   
201
 
Goodwill and other intangibles
  
(35,009
)
  
(1,269
)
  
(35,009
)
  
(1,269
)
Disallowed deferred tax assets
  
(4,206
)
  
(7,931
)
  
(49
)
  
(1,937
)
Common equity tier 1 capital
  
310,081
   
255,934
   
312,385
   
266,476
 
Qualifying trust preferred securities
  
38,147
   
34,500
   
-
   
-
 
Disallowed deferred tax assets
  
-
   
(1,983
)
  
-
   
-
 
Tier 1 capital
  
348,228
   
288,451
   
312,385
   
266,476
 
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets
  
25,520
   
23,712
   
25,520
   
23,712
 
Total risk-based capital
 
$
373,748
  
$
312,163
  
$
337,905
  
$
290,188