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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Schedule of Minimum Capital Requirements Considered Well Capitalized by FRB and FDIC

As of September 30, 2023 and December 31, 2022, the Company and the Bank met all applicable minimum capital requirements and were considered “well-capitalized” by both the Federal Reserve Bank (“FRB”) and the Federal Deposit Insurance Corporation (“FDIC”).

 

 

 

Actual

 

 

Minimum Capital
Required For
Capital Adequacy Plus
Capital Conservation
Buffer

 

 

Minimum To Be
Well-Capitalized
Under
Prompt Corrective
Action Provisions

 

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

 

(dollars in thousands)

 

At September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cambridge Bancorp:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital (to risk-weighted assets)

 

$

518,398

 

 

 

14.2

%

 

$

383,672

 

 

 

10.5

%

 

N/A

 

 

N/A

 

Tier 1 capital (to risk-weighted assets)

 

 

478,273

 

 

 

13.1

%

 

 

310,591

 

 

 

8.5

%

 

N/A

 

 

N/A

 

Common equity tier I capital (to risk-weighted assets)

 

 

478,273

 

 

 

13.1

%

 

 

255,781

 

 

 

7.0

%

 

N/A

 

 

N/A

 

Tier 1 capital (to average assets)

 

 

478,273

 

 

 

8.8

%

 

 

216,714

 

 

 

4.0

%

 

N/A

 

 

N/A

 

Cambridge Trust Company:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital (to risk-weighted assets)

 

$

496,819

 

 

 

13.6

%

 

$

383,636

 

 

 

10.5

%

 

$

365,368

 

 

 

10.0

%

Tier 1 capital (to risk-weighted assets)

 

 

456,694

 

 

 

12.5

%

 

 

310,563

 

 

 

8.5

%

 

 

292,294

 

 

 

8.0

%

Common equity tier I capital (to risk-weighted assets)

 

 

456,694

 

 

 

12.5

%

 

 

255,757

 

 

 

7.0

%

 

 

237,489

 

 

 

6.5

%

Tier 1 capital (to average assets)

 

 

456,694

 

 

 

8.4

%

 

 

216,700

 

 

 

4.0

%

 

 

270,875

 

 

 

5.0

%

 

 

 

Actual

 

 

Minimum Capital
Required For
Capital Adequacy Plus
Capital Conservation
Buffer

 

 

Minimum To Be
Well-Capitalized
Under
Prompt Corrective
Action Provisions

 

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

 

(dollars in thousands)

 

At December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cambridge Bancorp:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital (to risk-weighted assets)

 

$

506,239

 

 

 

13.5

%

 

$

393,285

 

 

 

10.5

%

 

N/A

 

 

N/A

 

Tier 1 capital (to risk-weighted assets)

 

 

466,369

 

 

 

12.5

%

 

 

318,373

 

 

 

8.5

%

 

N/A

 

 

N/A

 

Common equity tier I capital (to risk-weighted assets)

 

 

466,369

 

 

 

12.5

%

 

 

262,190

 

 

 

7.0

%

 

N/A

 

 

N/A

 

Tier 1 capital (to average assets)

 

 

466,369

 

 

 

8.5

%

 

 

219,309

 

 

 

4.0

%

 

N/A

 

 

N/A

 

Cambridge Trust Company:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total capital (to risk-weighted assets)

 

$

490,175

 

 

 

13.1

%

 

$

393,246

 

 

 

10.5

%

 

$

374,520

 

 

 

10.0

%

Tier 1 capital (to risk-weighted assets)

 

 

450,305

 

 

 

12.0

%

 

 

318,342

 

 

 

8.5

%

 

 

299,616

 

 

 

8.0

%

Common equity tier I capital (to risk-weighted assets)

 

 

450,305

 

 

 

12.0

%

 

 

262,164

 

 

 

7.0

%

 

 

243,438

 

 

 

6.5

%

Tier 1 capital (to average assets)

 

 

450,305

 

 

 

8.2

%

 

 

219,296

 

 

 

4.0

%

 

 

274,120

 

 

 

5.0

%