Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2022

Regulatory Matters

Summary of bank's actual capital amounts and ratios

					Minimum
					Amount Required				Minimum Amount
					for Adequately				To Be Well
	Actual				Capitalized(1)				Capitalized(1)
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
December 31, 2022
Total capital(1) (to risk-weighted assets)
Company	$	1,507,968	12.2	%	$	992,883	8.0	%	$	—	N/A	%
Merchants Bank		1,427,738	11.7	%		975,853	8.0	%		1,219,817	10.0	%
FMBI		34,769	11.3	%		24,703	8.0	%		30,878	10.0	%
Tier I capital(1) (to risk-weighted assets)
Company		1,452,456	11.7	%		744,662	6.0	%		—	N/A	%
Merchants Bank		1,372,941	11.3	%		731,890	6.0	%		975,853	8.0	%
FMBI		34,054	11.0	%		18,527	6.0	%		24,703	8.0	%
Common Equity Tier I capital(1) (to risk-weighted assets)
Company		952,848	7.7	%		558,497	4.5	%		—	N/A	%
Merchants Bank		1,372,941	11.3	%		548,917	4.5	%		792,881	6.5	%
FMBI		34,054	11.0	%		13,895	4.5	%		20,071	6.5	%
Tier I capital(1) (to average assets)
Company		1,452,456	11.7	%		497,604	4.0	%		—	N/A	%
Merchants Bank		1,372,941	11.3	%		487,511	4.0	%		609,389	5.0	%
FMBI		34,054	10.7	%		12,702	4.0	%		15,878	5.0	%

(1) As defined by regulatory agencies.

						Minimum
						Amount Required
						for Adequately
		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.