Note 15 - Regulatory Capital

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Regulatory Capital Requirements under Banking Regulations [Text Block]

15. Regulatory Capital

Under current capital regulations, the Bank is required to comply with

four

separate capital adequacy standards. As of

March 31, 2019,

the Bank continues to be categorized as “well-capitalized” under the prompt corrective action regulations and continues to exceed all regulatory capital requirements. The Bank is also required to comply with a Capital Conservation Buffer (“CCB”). The CCB is designed to establish a capital range above minimum capital requirements and impose constraints on dividends, share buybacks and discretionary bonus payments when capital levels fall below prescribed levels. The minimum CCB is

2.500%.

The CCB for the Bank at

March 31, 2019

was

5.49%.

Set forth below is a summary of the Bank’s compliance with banking regulatory capital standards.

	March 31, 2019					December 31, 2018
	Amount		Percent of Assets			Amount		Percent of Assets
	(Dollars in thousands)
Tier I (leverage) capital:
Capital level	$	663,467		9.64	%	$	660,782		9.85	%
Requirement to be well capitalized		344,216		5.00			335,512		5.00
Excess		319,251		4.64			325,270		4.85
Common Equity Tier I risk-based capital:
Capital level	$	663,467		13.08	%	$	660,782		13.28	%
Requirement to be well capitalized		329,701		6.50			323,386		6.50
Excess		333,766		6.58			337,396		6.78
Tier 1 risk-based capital:
Capital level	$	663,467		13.08	%	$	660,782		13.28	%
Requirement to be well capitalized		405,786		8.00			398,014		8.00
Excess		257,681		5.08			262,768		5.28
Total risk-based capital:
Capital level	$	684,482		13.49	%	$	681,727		13.70	%
Requirement to be well capitalized		507,232		10.00			497,517		10.00
Excess		177,250		3.49			184,210		3.70

The Holding Company is subject to the same regulatory capital requirements as the Bank. As of

March 31, 2019,

the Holding Company continues to be categorized as “well-capitalized” under the prompt corrective action regulations and continues to exceed all regulatory capital requirements. The CCB for the Holding Company at

March 31, 2019

was

5.61%.

Set forth below is a summary of the Holding Company’s compliance with banking regulatory capital standards.

	March 31, 2019					December 31, 2018
	Amount		Percent of Assets			Amount		Percent of Assets
	(Dollars in thousands)
Tier I (leverage) capital:
Capital level	$	594,196		8.63	%	$	586,582		8.74	%
Requirement to be well capitalized		344,147		5.00			335,616		5.00
Excess		250,049		3.63			250,966		3.74
Common Equity Tier I risk-based capital:
Capital level	$	552,793		10.90	%	$	546,230		10.98	%
Requirement to be well capitalized		329,661		6.50			323,382		6.50
Excess		223,132		4.40			222,848		4.48
Tier 1 risk-based capital:
Capital level	$	594,196		11.72	%	$	586,582		11.79	%
Requirement to be well capitalized		405,737		8.00			398,008		8.00
Excess		188,459		3.72			188,574		3.79
Total risk-based capital:
Capital level	$	690,211		13.61	%	$	682,527		13.72	%
Requirement to be well capitalized		507,171		10.00			497,511		10.00
Excess		183,040		3.61			185,016		3.72