Regulatory capital requirements |
12 Months Ended |
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Dec. 31, 2022 | |
Regulatory Capital Requirements | |
Regulatory Capital Requirments | Note 21 – Regulatory capital requirements The Corporation, Failure to meet minimum capital requirements can if undertaken, PB are with the standardized approach for determining The Basel III Capital to risk-weighted assets. The Basel III Capital Rules provide that a of at 5 %, a 6.5 %, a Tier 8 % and 10 %. requirements to which it is subject. The Corporation engage in certain financial activities permitted under Pursuant to the adoption of the CECL accounting standard on period provision delays for two years the estimated impact of the adoption of the CECL accounting standard on regulatory capital, followed by a three-year transition period to phase out On banking organizations to allow Coronavirus Aid, Relief the subsidiaries, are permitted to risk-based Facility”), which provides Federal Reserve Bank loans to eligible financial institutions such as the Corporation’s Bank subsidiaries to fund PPP loans, the to exclude from total average assets PPP loans that have been pledged as collateral for a the Corporation has $ 38 no At December 31, 2022 and 2021, BPPR and The following Basel III regulatory guidance. Actual Capital adequacy minimum requirement (including conservation capital buffer) [1] (Dollars in thousands) Amount Ratio Amount Ratio 2022 Total Capital (to Risk-Weighted Corporation $ 6,285,648 18.26 % $ 3,613,668 10.500 % BPPR 4,541,915 18.34 2,599,872 10.500 PB 1,463,511 15.59 985,510 10.500 Common Equity Tier I Capital (to Risk-Weighted Corporation $ 5,639,686 16.39 % $ 2,409,112 7.000 % BPPR 4,230,820 17.09 1,733,248 7.000 PB 1,395,272 14.87 657,007 7.000 Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,661,829 16.45 % $ 2,925,351 8.500 % BPPR 4,230,820 17.09 2,104,658 8.500 PB 1,395,272 14.87 797,794 8.500 Tier I Capital (to Average Assets): Corporation $ 5,661,829 8.06 % $ 2,811,504 4 % BPPR 4,230,820 7.10 2,383,478 4 PB 1,395,272 13.08 426,832 4 [1] The conservation capital buffer included for these 2.5 %, except for the Tier I to Average and therefore the capital adequacy minimum of 4 % is presented. Actual Capital adequacy minimum requirement (including conservation capital buffer) (Dollars in thousands) Amount Ratio Amount Ratio 2021 Total Capital (to Risk-Weighted Corporation $ 6,084,105 19.35 % $ 3,301,329 10.500 % BPPR 4,281,930 18.92 2,376,184 10.500 PB 1,361,911 16.78 852,032 10.500 Common Equity Tier I Capital (to Risk-Weighted Corporation $ 5,476,031 17.42 % $ 2,200,886 7.000 % BPPR 3,998,102 17.67 1,584,123 7.000 PB 1,309,398 16.14 568,021 7.000 Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,498,174 17.49 % $ 2,672,504 8.500 % BPPR 3,998,102 17.67 1,923,577 8.500 PB 1,309,398 16.14 689,740 8.500 Tier I Capital (to Average Assets): Corporation $ 5,498,174 7.41 % $ 2,969,535 4 % BPPR 3,998,102 6.24 2,561,003 4 PB 1,309,398 13.44 389,736 4 The following table presents the minimum amounts 2022 2021 (Dollars in thousands) Amount Ratio Amount Ratio Total Capital (to Risk-Weighted BPPR $ 2,476,068 10 % $ 2,263,032 10 % PB 938,581 10 811,459 10 Common Equity Tier I Capital (to Risk-Weighted BPPR $ 1,609,444 6.5 % $ 1,470,971 6.5 % PB 610,078 6.5 527,448 6.5 Tier I Capital (to Risk-Weighted Assets): BPPR $ 1,980,855 8 % $ 1,810,426 8 % PB 750,865 8 649,167 8 Tier I Capital (to Average Assets): BPPR $ 2,979,348 5 % $ 3,201,254 5 % PB 533,540 5 487,171 5 |