Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

Peoples’ and Peoples Bank’s actual capital amounts and ratios at December 31 are also presented in the following table:


	2023				2022
(Dollars in thousands)	Amount		Ratio		Amount		Ratio
PEOPLES
Common Equity Tier 1 (a)
Actual	$	766,692	11.56	%	$	604,566	11.92	%
For capital adequacy	298,393		4.50	%	228,206		4.50	%
To be well capitalized	431,011		6.50	%	329,631		6.50	%
Tier 1 (b)
Actual	$	820,496	12.37	%	$	618,354	12.19	%
For capital adequacy	397,857		6.00	%	304,274		6.00	%
To be well capitalized	530,476		8.00	%	405,699		8.00	%
Total Capital (c)
Actual	$	873,226	13.17	%	$	662,421	13.06	%
For capital adequacy	530,476		8.00	%	405,699		8.00	%
To be well capitalized	663,095		10.00	%	507,124		10.00	%
Tier 1 Leverage (d)
Actual	$	820,496	9.48	%	$	618,354	8.92	%
For capital adequacy	346,112		4.00	%	277,302		4.00	%
To be well capitalized	432,640		5.00	%	346,628		5.00	%
Capital Conservation Buffer	$	342,750	5.17	%	$	256,722	5.06	%
Fully phased in	165,774		2.50	%	126,781		2.50	%
Net Risk-Weighted Assets	$	6,630,945			$	5,071,240

PEOPLES BANK
Common Equity Tier 1 (a)
Actual	$	783,790	11.85	%	$	593,609	11.72	%
For capital adequacy	297,638		4.50	%	227,843		4.50	%
To be well capitalized	429,921		6.50	%	329,107		6.50	%
Tier 1 (b)
Actual	$	783,790	11.85	%	$	593,609	11.72	%
For capital adequacy	396,850		6.00	%	303,791		6.00	%
To be well capitalized	529,134		8.00	%	405,055		8.00	%
Total Capital (c)
Actual	$	836,520	12.65	%	$	637,676	12.59	%
For capital adequacy	529,134		8.00	%	405,055		8.00	%
To be well capitalized	661,417		10.00	%	506,318		10.00	%
Tier 1 Leverage (d)
Actual	$	783,790	9.12	%	$	593,609	8.58	%
For capital adequacy	343,613		4.00	%	276,712		4.00	%
To be well capitalized	429,517		5.00	%	345,890		5.00	%
Capital Conservation Buffer	$	307,386	4.65	%	$	232,621	4.59	%
Fully phased in	165,354		2.50	%	126,580		2.50	%
Net Risk-Weighted Assets	$	6,614,172			$	5,063,183
(a) Ratio represents common equity tier 1 capital to net risk-weighted assets
(b) Ratio represents tier 1 capital to net risk-weighted assets
(c) Ratio represents total capital to net risk-weighted assets
(d) Ratio represents tier 1 capital to average assets