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Capital Requirements
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Capital Requirements
Capital Requirements

First Guaranty Bank is subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions that, if undertaken, could have a direct material effect on First Guaranty'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 their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total and Tier 1 capital to risk-weighted assets and of Tier 1 capital to average assets. Management believes, as of December 31, 2019 and 2018, that the Bank met all capital adequacy requirements.

In addition to establishing the minimum regulatory capital requirements, the regulations limit capital distributions and certain discretionary bonus payments to management if the institution does not hold a "capital conservation buffer" consisting of 2.5% of common equity Tier 1 capital to risk-weighted asset above the amount necessary to meet its minimum risk-based capital requirements. The capital conservation buffer requirement was phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and increasing each year until fully implemented at 2.5% on January 1, 2019. For 2019, the capital conservation buffer was 2.500% of risk-weighted assets. First Guaranty Bank's capital conservation buffer was 4.58% at December 31, 2019.

As of December 31, 2019, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since the notification that Management believes have changed the Bank's category. First Guaranty Bank's actual capital amounts and ratios as of December 31, 2019 and 2018 are presented in the following table.
 
Actual
 
Minimum Capital Requirements
 
Minimum to be Well Capitalized
Under Action Provisions
(in thousands except for %)
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
December 31, 2019
 
 
 
 
 
 
 
 
 
 
 
Total Risk-based Capital:
$
213,962

 
12.61
%
 
$
135,697

 
8.00
%
 
$
169,621

 
10.00
%
Tier 1 Capital:
$
203,034

 
11.96
%
 
$
101,773

 
6.00
%
 
$
135,697

 
8.00
%
Tier 1 Leverage Capital:
$
203,033

 
10.44
%
 
$
77,771

 
4.00
%
 
$
97,214

 
5.00
%
Common Equity Tier One Capital:
$
203,034

 
11.96
%
 
$
76,329

 
4.50
%
 
$
110,254

 
6.50
%
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Total Risk-based Capital:
$
181,618

 
12.97
%
 
$
112,055

 
8.00
%
 
$
140,069

 
10.00
%
Tier 1 Capital:
$
170,842

 
12.20
%
 
$
84,041

 
6.00
%
 
$
112,055

 
8.00
%
Tier 1 Leverage Capital:
$
170,842

 
9.79
%
 
$
69,822

 
4.00
%
 
$
87,277

 
5.00
%
Common Equity Tier One Capital:
$
170,842

 
12.20
%
 
$
63,031

 
4.50
%
 
$
91,045

 
6.50
%