REGULATORY MATTERS

12 Months Ended

Dec. 31, 2024

Banking and Thrift, Interest [Abstract]

REGULATORY MATTERS

REGULATORY MATTERS

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's and the Bank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and the Bank's capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

Quantitative measures established and defined by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of Total, Tier 1 and Common Equity Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. As of December 31, 2024 and 2023, the capital levels of the Company and the Bank substantially exceeded all applicable capital adequacy requirements.

As of December 31, 2024, the Bank was well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum Total risk-based, Tier 1 risk-based, Common Equity Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since that notification that management believes have changed the Bank's category.

The Company's and the Bank's actual capital amounts and ratios at December 31 for the years indicated are presented in the following table:

	Actual				For Capital Adequacy Purposes				To be Well Capitalized Under Prompt Corrective Action Provisions
(Dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2024
Tier 1 Leverage:
Company	$	1,317,776	9.39	%	$	561,204	4.00	%	N/A		N/A
Sandy Spring Bank	$	1,589,407	11.33	%	$	561,077	4.00	%	$	701,347	5.00	%
Common Equity Tier 1 Capital to risk-
weighted assets:
Company	$	1,317,776	11.36	%	$	522,147	4.50	%	N/A		N/A
Sandy Spring Bank	$	1,589,407	13.70	%	$	521,980	4.50	%	$	753,971	6.50	%
Tier 1 Capital to risk-weighted assets:
Company	$	1,317,776	11.36	%	$	696,196	6.00	%	N/A		N/A
Sandy Spring Bank	$	1,589,407	13.70	%	$	695,973	6.00	%	$	927,964	8.00	%
Total Capital to risk-weighted assets:
Company	$	1,784,263	15.38	%	$	928,262	8.00	%	N/A		N/A
Sandy Spring Bank	$	1,715,894	14.79	%	$	927,964	8.00	%	$	1,159,956	10.00	%
As of December 31, 2023
Tier 1 Leverage:
Company	$	1,303,684	9.51	%	$	548,345	4.00	%	N/A		N/A
Sandy Spring Bank	$	1,548,387	11.30	%	$	548,198	4.00	%	$	685,247	5.00	%
Common Equity Tier 1 Capital to risk-
weighted assets:
Company	$	1,303,684	10.90	%	$	538,445	4.50	%	N/A		N/A
Sandy Spring Bank	$	1,548,387	12.95	%	$	538,227	4.50	%	$	777,440	6.50	%
Tier 1 Capital to risk-weighted assets:
Company	$	1,303,684	10.90	%	$	717,926	6.00	%	N/A		N/A
Sandy Spring Bank	$	1,548,387	12.95	%	$	717,637	6.00	%	$	956,849	8.00	%
Total Capital to risk-weighted assets:
Company	$	1,785,347	14.92	%	$	957,235	8.00	%	N/A		N/A
Sandy Spring Bank	$	1,655,050	13.84	%	$	956,849	8.00	%	$	1,196,061	10.00	%