Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2019

Regulatory Matters [Abstract]

Actual Capital Amounts and Ratios

Our actual capital amounts and ratios follow (1):

	Actual					Minimum for Adequately Capitalized Institutions					Minimum for Well-Capitalized Institutions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(Dollars in thousands)
March 31, 2019
Total capital to risk-weighted assets
Consolidated	$	376,194		14.29	%	$	210,568		8.00	%	NA		NA
Independent Bank		340,950		12.96			210,464		8.00		$	263,079		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	349,484		13.28	%	$	157,926		6.00	%	NA		NA
Independent Bank		314,240		11.94			157,848		6.00		$	210,464		8.00	%
Common equity tier 1 capital to risk-weighted assets
Consolidated	$	311,303		11.83	%	$	118,445		4.50	%	NA		NA
Independent Bank		314,240		11.94			118,386		4.50		$	171,002		6.50	%
Tier 1 capital to average assets
Consolidated	$	349,484		10.51	%	$	133,025		4.00	%	NA		NA
Independent Bank		314,240		9.46			132,924		4.00		$	166,154		5.00	%
December 31, 2018
Total capital to risk-weighted assets
Consolidated	$	371,603		14.25	%	$	208,572		8.00	%	NA		NA
Independent Bank		337,227		12.94			208,456		8.00		$	260,569		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	345,419		13.25	%	$	156,429		6.00	%	NA		NA
Independent Bank		311,043		11.94			156,342		6.00		$	208,456		8.00	%
Common equity tier 1 capital to risk-weighted assets
Consolidated	$	307,255		11.79	%	$	117,322		4.50	%	NA		NA
Independent Bank		311,043		11.94			117,256		4.50		$	169,370		6.50	%
Tier 1 capital to average assets
Consolidated	$	345,419		10.47	%	$	131,930		4.00	%	NA		NA
Independent Bank		311,043		9.44			131,778		4.00		$	164,723		5.00	%
NA - Not applicable

(1) These ratios do not reflect a capital conservation buffer of 2.50% and 1.875% at March 31, 2019 and December 31, 2018, respectfully.

Regulatory Capital

The components of our regulatory capital are as follows:

	Consolidated						Independent Bank
	March 31, 2019			December 31, 2018			March 31, 2019			December 31, 2018
	(In thousands)
Total shareholders' equity	$	344,726		$	338,994		$	347,663		$	341,496
Add (deduct)
Accumulated other comprehensive loss for regulatory purposes		1,020			4,311			1,020			4,311
Goodwill and other intangibles		(34,443	)		(34,715	)		(34,443	)		(34,715	)
Disallowed deferred tax assets		-			(1,335	)		-			(49	)
Common equity tier 1 capital		311,303			307,255			314,240			311,043
Qualifying trust preferred securities		38,181			38,164			-			-
Disallowed deferred tax assets		-			-			-			-
Tier 1 capital		349,484			345,419			314,240			311,043
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets		26,710			26,184			26,710			26,184
Total risk-based capital	$	376,194		$	371,603		$	340,950		$	337,227