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Regulatory Matters (Tables)
 6 Months Ended
Jun. 30, 2020
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)
  
                                     
June 30, 2020
                                    
Total capital to risk-weighted assets
                                    
Consolidated
  
$
425,443
      
15.31
%
  
$
222,368
      
8.00
%
  
NA
    
NA
  
Independent Bank
    
370,222
      
13.32
      
222,275
      
8.00
    
$
277,843
      
10.00
%
                                                 
Tier 1 capital to risk-weighted assets
                                                
Consolidated
  
$
350,680
      
12.62
%
  
$
166,776
      
6.00
%
  
NA
    
NA
  
Independent Bank
    
335,473
      
12.07
      
166,706
      
6.00
    
$
222,275
      
8.00
%
                                                 
Common equity tier 1 capital to risk-weighted assets
                                                
Consolidated
  
$
312,414
      
11.24
%
  
$
125,082
      
4.50
%
  
NA
    
NA
  
Independent Bank
    
335,473
      
12.07
      
125,029
      
4.50
    
$
180,598
      
6.50
%
                                                 
Tier 1 capital to average assets
                                                
Consolidated
  
$
350,680
      
9.15
%
  
$
153,244
      
4.00
%
  
NA
    
NA
  
Independent Bank
    
335,473
      
8.76
      
153,255
      
4.00
    
$
191,569
      
5.00
%
                                                 
December 31, 2019
                                                
Total capital to risk-weighted assets
                                                
Consolidated
  
$
380,454
      
13.74
%
  
$
221,562
      
8.00
%
  
NA
    
NA
  
Independent Bank
    
358,914
      
12.96
      
221,482
      
8.00
    
$
276,852
      
10.00
%
                                                 
Tier 1 capital to risk-weighted assets
                                                
Consolidated
  
$
352,764
      
12.74
%
  
$
166,171
      
6.00
%
  
NA
    
NA
  
Independent Bank
    
331,224
      
11.96
      
166,111
      
6.00
    
$
221,482
      
8.00
%
                                                 
Common equity tier 1 capital to risk-weighted assets
                                                
Consolidated
  
$
314,532
      
11.36
%
  
$
124,628
      
4.50
%
  
NA
    
NA
  
Independent Bank
    
331,224
      
11.96
      
124,583
      
4.50
    
$
179,954
      
6.50
%
                                                 
Tier 1 capital to average assets
                                                
Consolidated
  
$
352,764
      
10.11
%
  
$
139,632
      
4.00
%
  
NA
    
NA
  
Independent Bank
    
331,224
      
9.49
      
139,615
      
4.00
    
$
174,519
      
5.00
%

(1)
These ratios do not reflect a capital conservation buffer of 2.50% at June 30, 2020 and December 31, 2019.

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

  
Consolidated
    
Independent Bank
  
   
June 30,
2020
    
December 31,
2019
    
June 30,
2020
    
December 31,
2019
  
   
(In thousands)
  
Total shareholders' equity
  
$
355,123
    
$
350,169
    
$
378,182
    
$
366,861
  
Add (deduct)
                                
Accumulated other comprehensive income for regulatory purposes
    
(9,593
)
    
(2,011
)
    
(9,593
)
    
(2,011
)
Goodwill and other intangibles
    
(33,116
)
    
(33,626
)
    
(33,116
)
    
(33,626
)
Common equity tier 1 capital
    
312,414
      
314,532
      
335,473
      
331,224
  
Qualifying trust preferred securities
    
38,266
      
38,232
      
-
      
-
  
Tier 1 capital
    
350,680
      
352,764
      
335,473
      
331,224
  
Subordinated debt
    
40,000
      
-
      
-
      
-
  
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets
    
34,763
      
27,690
      
34,749
      
27,690
  
Total risk-based capital
  
$
425,443
    
$
380,454
    
$
370,222
    
$
358,914