Regulatory Capital

6 Months Ended

Jun. 30, 2015

Banking and Thrift [Abstract]

Regulatory Capital

Regulatory Capital

On July 2, 2013, the Board of Governors of the Federal Reserve Bank issued a final rule implementing a revised regulatory capital framework for U.S. banks in accordance with the Basel III international accord and satisfying related mandates under the Dodd-Frank Wall Street Reform and Consumer Protection Act . The revised regulatory capital framework ("Basel III ") includes a more stringent definition of capital and introduces a new common equity tier 1, or CET1, capital requirement, sets forth a comprehensive methodology for calculating risk-weighted assets, introduces a conservation buffer and sets out minimum capital ratios and overall capital adequacy standards. As a banking organization subject to the standardized approach, Basel III became effective for us on January 1, 2015. Certain deductions and adjustments to regulatory capital began to phase in starting January 1, 2015 and will be fully implemented on January 1, 2018. The capital conservation buffer phases in beginning January 1, 2016 and will be fully implemented on January 1, 2019.

CET1 capital predominantly includes common shareholders’ equity, less certain deductions for goodwill, intangible assets and deferred tax assets that arise from net operating losses and tax credit carry-forwards. We have elected to permanently exclude capital in accumulated other comprehensive income related to debt and equity securities classified as available-for-sale as well as for defined benefit post-retirement plans from CET1. Certain deductions and adjustments to CET1 capital, tier 1 capital and tier 2 capital are subject to phase-in through December 31, 2017.

As of June 30, 2015 and December 31, 2014, the Company exceeded all capital adequacy requirements to which it is subject. Actual capital amounts and ratios for the Company and its bank subsidiary, as of June 30, 2015 and December 31, 2014 are presented in the following tables:

	Actual				Adequately Capitalized				Well Capitalized (1)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2015
Total risk-based capital:
Consolidated	$	924,408	15.4	%	$	481,244	8.0	%	$	601,555	10.0	%
FIB	857,522		14.3		479,416		8.0		599,270		10.0
Tier 1 risk-based capital:
Consolidated	835,198		13.9		360,933		6.0		481,244		8.0
FIB	776,594		13.0		359,562		6.0		479,416		8.0
Common equity tier 1 risk-based capital:
Consolidated	755,198		12.6		270,700		4.5		391,011		6.5
FIB	776,594		13.0		269,671		4.5		389,525		6.5
Leverage capital ratio:
Consolidated	835,198		10.1		330,350		4.0		412,938		5.0
FIB	776,594		9.4		329,180		4.0		411,475		5.0

	Actual				Adequately Capitalized				Well Capitalized (1)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
December 31, 2014
Total risk-based capital:
Consolidated	$	897,769	16.2	%	$	444,685	8.0	%	$	555,856	10.0	%
FIB	832,907		15.1		442,468		8.0		553,085		10.0
Tier 1 risk-based capital:
Consolidated	807,229		14.5		222,343		4.0		333,514		6.0
FIB	754,708		13.7		221,234		4.0		331,851		6.0
Leverage capital ratio:
Consolidated	807,229		9.6		335,897		4.0		419,871		5.0
FIB	754,708		9.2		330,006		4.0		412,507		5.0

(1) The ratios for the well-capitalized requirement are only applicable to FIB. However, the Company manages its capital position as if the requirement applies to the consolidated entity and has presented the ratios as if they also applied on a consolidated basis.