XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Regulatory Matters (Tables)
 9 Months Ended
Sep. 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)
  
                                     
September 30, 2020
                                    
Total capital to risk-weighted assets
                                    
Consolidated
  
$
441,969
      
15.62
%
  
$
226,378
      
8.00
%
  
NA
    
NA
  
Independent Bank
    
391,033
      
13.82
      
226,310
      
8.00
    
$
282,888
      
10.00
%
                                                 
Tier 1 capital to risk-weighted assets
                                                
Consolidated
  
$
366,571
      
12.95
%
  
$
169,783
      
6.00
%
  
NA
    
NA
  
Independent Bank
    
355,645
      
12.57
      
169,733
      
6.00
    
$
226,310
      
8.00
%
                                                 
Common equity tier 1 capital to risk-weighted assets
                                                
Consolidated
  
$
328,288
      
11.60
%
  
$
127,338
      
4.50
%
  
NA
    
NA
  
Independent Bank
    
355,645
      
12.57
      
127,299
      
4.50
    
$
183,877
      
6.50
%
                                                 
Tier 1 capital to average assets
                                                
Consolidated
  
$
366,571
      
9.05
%
  
$
162,103
      
4.00
%
  
NA
    
NA
  
Independent Bank
    
355,645
      
8.78
      
162,020
      
4.00
    
$
202,525
      
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 September 30, 2020 and December 31, 2019.

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

  
Consolidated
    
Independent Bank
  
   
September 30,
2020
    
December 31,
2019
    
September 30,
2020
    
December 31,
2019
  
   
(In thousands)
  
Total shareholders' equity
  
$
373,092
    
$
350,169
    
$
400,449
    
$
366,861
  
Add (deduct)
                                
Accumulated other comprehensive income for regulatory purposes
    
(11,943
)
    
(2,011
)
    
(11,943
)
    
(2,011
)
Goodwill and other intangibles
    
(32,861
)
    
(33,626
)
    
(32,861
)
    
(33,626
)
Common equity tier 1 capital
    
328,288
      
314,532
      
355,645
      
331,224
  
Qualifying trust preferred securities
    
38,283
      
38,232
      
-
      
-
  
Tier 1 capital
    
366,571
      
352,764
      
355,645
      
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
    
35,398
      
27,690
      
35,388
      
27,690
  
Total risk-based capital
  
$
441,969
    
$
380,454
    
$
391,033
    
$
358,914