Regulatory Capital

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Regulatory Capital Requirements under Banking Regulations [Text Block]

15.     Regulatory Capital

Under current capital regulations, the Bank is required to comply with four separate capital adequacy standards. As March 31, 2020, the Bank continues to be categorized as “well-capitalized” under the prompt corrective action regulations and continues to exceed all regulatory capital requirements. The Bank is also required to comply with a Capital Conservation Buffer (“CCB”). The CCB is designed to establish a capital range above minimum capital requirements and impose

constraints on dividends, share buybacks and discretionary bonus payments when capital levels fall below prescribed levels. The minimum CCB is 2.500%. The CCB for the Bank at March 31, 2020 was 4.98%.

Set forth below is a summary of the Bank’s compliance with banking regulatory capital standards.

	March 31, 2020				December 31, 2019
			Percent of				Percent of
	Amount		Assets		Amount		Assets
	(Dollars in thousands)
Tier I (leverage) capital:
Capital level	$	676,267	9.51	%	$	680,749	9.65	%
Requirement to be well capitalized		355,552	5.00			352,581	5.00
Excess		320,715	4.51			328,168	4.65
Common Equity Tier I risk-based capital:
Capital level	$	676,267	12.48	%	$	680,749	13.02	%
Requirement to be well capitalized		352,240	6.50			339,944	6.50
Excess		324,027	5.98			340,805	6.52
Tier 1 risk-based capital:
Capital level	$	676,267	12.48	%	$	680,749	13.02	%
Requirement to be well capitalized		433,526	8.00			418,393	8.00
Excess		242,741	4.48			262,356	5.02
Total risk-based capital:
Capital level	$	703,130	12.98	%	$	702,500	13.43	%
Requirement to be well capitalized		541,908	10.00			522,991	10.00
Excess		161,222	2.98			179,509	3.43

The Holding Company is subject to the same regulatory capital requirements as the Bank. As of March 31, 2020, the Holding Company continues to be categorized as “well-capitalized” under the prompt corrective action regulations and continues to exceed all regulatory capital requirements. The CCB for the Holding Company at March 31, 2020 was 5.16%.

Set forth below is a summary of the Holding Company’s compliance with banking regulatory capital standards.

	March 31, 2020				December 31, 2019
			Percent of				Percent of
	Amount		Assets		Amount		Assets
	(Dollars in thousands)
Tier I (leverage) capital:
Capital level	$	610,898	8.59	%	$	615,500	8.73	%
Requirement to be well capitalized		355,470	5.00			352,581	5.00
Excess		255,428	3.59			262,919	3.73
Common Equity Tier I risk-based capital:
Capital level	$	567,306	10.47	%	$	572,651	10.95	%
Requirement to be well capitalized		352,184	6.50			339,929	6.50
Excess		215,122	3.97			232,722	4.45
Tier 1 risk-based capital:
Capital level	$	610,898	11.28	%	$	615,500	11.77	%
Requirement to be well capitalized		433,458	8.00			418,374	8.00
Excess		177,440	3.28			197,126	3.77
Total risk-based capital:
Capital level	$	712,761	13.16	%	$	712,251	13.62	%
Requirement to be well capitalized		541,822	10.00			522,967	10.00
Excess		170,939	3.16			189,284	3.62