Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

The table below shows the details of the intangible assets as of the dates presented.

(Dollars in thousands)	March 31, 2020		December 31, 2019
Brand-related intellectual property	$	19,800	$	20,075
Home improvement contractor relationships		6,210		6,296
Race organization		26,165		26,165
Total intangible assets	$	52,175	$	52,536

The table below shows the calculation of basic and diluted EPS.

	Three Months Ended March 31,
(Dollars in thousands, except share and per share data)	2020			2019
Net income (loss) resulting from operations available to common stockholders	$	(13,643	)	$	1,228
Weighted average common shares outstanding applicable to basic EPS		24,401,773			24,288,263
Effect of dilutive stock options		—			17,423
Effect of restricted stock grants		—			311,204
Adjusted weighted average common shares outstanding applicable to diluted EPS		24,401,773			24,616,890
Basic income (loss) per share	$	(0.56	)	$	0.05
Diluted income (loss) per share		(0.56	)		0.05

The Bank’s actual capital amounts and ratios, and the regulatory minimum ratios are presented in the following table.

	Regulatory
(Dollars in thousands)	Minimum			Well- Capitalized			March 31, 2020			December 31, 2019
Common equity Tier 1 capital		—			—		$	154,592		$	158,187
Tier 1 capital		—			—			223,380			226,975
Total capital		—			—			238,691			241,842
Average assets		—			—			1,189,201			1,172,866
Risk-weighted assets		—			—			1,174,118			1,144,337
Leverage ratio⁽¹⁾		4.0	%		5.0	%		18.8	%		19.4	%
Common equity Tier 1 capital ratio⁽²⁾		7.0			6.5			13.2			13.8
Tier 1 capital ratio⁽³⁾		8.5			8.0			19.0			19.8
Total capital ratio⁽³⁾		10.5			10.0			20.3			21.1

(1)	Calculated by dividing Tier 1 capital by average assets.

(2)	Calculated by subtracting preferred stock or non-controlling interest from Tier 1 capital and dividing by risk-weighted assets.

(3)	Calculated by dividing Tier 1 or total capital by risk-weighted assets.