Regulatory Capital (Tables)

9 Months Ended

Sep. 30, 2020

Summary of Regulatory Capital Requirement

Horizon and the Bank’s actual and required capital ratios as of September 30, 2020 and December 31, 2019 were as follows:


	Actual				Required for Capital Adequacy Purposes(1)				Required For Capital Adequacy Purposes with Capital Buffer(1)				Well Capitalized Under Prompt Corrective Action Provisions(1)
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
September 30, 2020
Total capital (to risk–weighted assets)(1)
Consolidated	$	640,728	14.38	%	$	356,455	8.00	%	$	467,847	10.50	%	N/A		N/A
Bank	514,974		11.56	%	356,383		8.00	%	467,753		10.50	%	$	445,479	10.00	%
Tier 1 capital (to risk–weighted assets)(1)
Consolidated	601,331		13.49	%	267,456		6.00	%	378,896		8.50	%	N/A		N/A
Bank	475,588		10.67	%	267,435		6.00	%	378,866		8.50	%	356,580		8.00	%
Common equity tier 1 capital (to risk–weighted assets)(1)
Consolidated	485,235		10.89	%	200,510		4.50	%	311,905		7.00	%	N/A		N/A
Bank	475,588		10.67	%	200,576		4.50	%	312,007		7.00	%	289,721		6.50	%
Tier 1 capital (to average assets)(1)
Consolidated	601,331		10.82	%	222,304		4.00	%	222,304		4.00	%	N/A		N/A
Bank	475,588		8.57	%	221,978		4.00	%	221,978		4.00	%	277,473		5.00	%
December 31, 2019
Total capital (to risk–weighted assets)(1)
Consolidated	$	548,364	13.95	%	$	314,395	8.00	%	$	412,644	10.500	%	N/A		N/A
Bank	497,227		12.65	%	314,452		8.00	%	412,718		10.500	%	$	393,065	10.00	%
Tier 1 capital (to risk–weighted assets)(1)
Consolidated	530,643		13.50	%	235,796		6.00	%	334,044		8.500	%	N/A		N/A
Bank	479,506		12.20	%	235,823		6.00	%	334,082		8.500	%	314,430		8.00	%
Common equity tier 1 capital (to risk–weighted assets)(1)
Consolidated	473,150		12.04	%	176,846		4.50	%	275,094		7.000	%	N/A		N/A
Bank	479,506		12.20	%	176,867		4.50	%	275,126		7.000	%	255,475		6.50	%
Tier 1 capital (to average assets)(1)
Consolidated	530,643		10.50	%	202,111		4.00	%	202,111		4.000	%	N/A		N/A
Bank	479,506		9.49	%	202,110		4.00	%	202,110		4.000	%	252,638		5.00	%
(1) As defined by regulatory agencies