Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2022

Regulatory Matters

Summary of bank's actual capital amounts and ratios

The Company’s, Merchants Bank’s, and FMBI’s actual capital amounts and ratios are presented in the following tables.

					Minimum				Minimum
					Amount Required				Amount To Be
					for Adequately				Well
	Actual				Capitalized(1)				Capitalized(1)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
September 30, 2022
Total capital(1) (to risk-weighted assets)
Company	$	1,454,722	12.5	%	$	932,855	8.0	%	$	—	N/A	%
Merchants Bank		1,376,248	12.0	%		915,426	8.0	%		1,144,283	10.0
FMBI		33,514	11.5	%		23,351	8.0	%		29,189	10.0	%
Tier I capital(1) (to risk-weighted assets)
Company		1,405,621	12.1	%		699,641	6.0	%		—	N/A	%
Merchants Bank		1,327,929	11.6	%		686,570	6.0	%		915,426	8.0
FMBI		32,732	11.2	%		17,513	6.0	%		23,351	8.0	%
Common Equity Tier I capital(1) (to risk-weighted assets)
Company		906,102	7.8	%		524,731	4.5	%		—	N/A	%
Merchants Bank		1,327,929	11.6	%		514,927	4.5	%		743,784	6.5
FMBI		32,732	11.2	%		13,135	4.5	%		18,973	6.5	%
Tier I capital(1) (to average assets)
Company		1,405,621	12.3	%		456,766	4.0	%		—	N/A	%
Merchants Bank		1,327,929	11.9	%		446,683	4.0	%		558,354	5.0
FMBI		32,732	10.5	%		12,499	4.0	%		15,624	5.0	%

(1) As defined by regulatory agencies.

					Minimum Amount
					To Be Well
	Actual				Capitalized(1)
	Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
December 31, 2021
CBLR (Tier 1) capital(1) (to average assets)
(i.e., CBLR - leverage ratio)
Company	$	1,138,090	10.4	%	$	928,731	> 8.5	%
Merchants Bank		1,088,621	10.3	%		901,188	> 8.5	%
FMBI		28,958	9.7	%		25,499	> 8.5	%

(1) As defined by regulatory agencies.