Regulatory Capital

9 Months Ended

Sep. 30, 2021

Notes To Financial Statements

Regulatory Capital

13.     Regulatory Capital

Under current capital regulations, the Bank is required to comply with four separate capital adequacy standards and a Capital Conservation Buffer (“CCB”). As of September 30, 2021, the Bank 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 Bank at September 30, 2021 and December 31, 2020 was 5.46% and 4.30%, respectively.

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

	September 30, 2021				December 31, 2020
			Percent of				Percent of
	Amount		Assets		Amount		Assets
	(Dollars in thousands)
Tier I (leverage) capital:
Capital level	$	800,352	9.93	%	$	733,010	9.27	%
Requirement to be well capitalized		403,092	5.00			395,510	5.00
Excess		397,260	4.93			337,500	4.27
Common Equity Tier I risk-based capital:
Capital level	$	800,352	12.91	%	$	733,010	11.65	%
Requirement to be well capitalized		402,849	6.50			408,929	6.50
Excess		397,503	6.41			324,081	5.15
Tier 1 risk-based capital:
Capital level	$	800,352	12.91	%	$	733,010	11.65	%
Requirement to be well capitalized		495,814	8.00			503,297	8.00
Excess		304,538	4.91			229,713	3.65
Total risk-based capital:
Capital level	$	834,131	13.46	%	$	773,807	12.30	%
Requirement to be well capitalized		619,768	10.00			629,121	10.00
Excess		214,363	3.46			144,686	2.30

The Holding Company is subject to the same regulatory capital requirements as the Bank. As of September 30, 2021, 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 September 30, 2021 and December 31, 2020 was 5.44% and 4.54%, respectively.

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

	September 30, 2021				December 31, 2020
			Percent of				Percent of
	Amount		Assets		Amount		Assets
	(Dollars in thousands)
Tier I (leverage) capital:
Capital level	$	711,276	8.83	%	$	662,987	8.38	%
Requirement to be well capitalized		402,936	5.00			395,439	5.00
Excess		308,340	3.83			267,548	3.38
Common Equity Tier I risk-based capital:
Capital level	$	661,340	10.68	%	$	621,247	9.88	%
Requirement to be well capitalized		402,623	6.50			408,694	6.50
Excess		258,717	4.18			212,553	3.38
Tier 1 risk-based capital:
Capital level	$	711,276	11.48	%	$	662,987	10.54	%
Requirement to be well capitalized		495,537	8.00			503,008	8.00
Excess		215,739	3.48			159,979	2.54
Total risk-based capital:
Capital level	$	832,255	13.44	%	$	794,034	12.63	%
Requirement to be well capitalized		619,421	10.00			628,760	10.00
Excess		212,834	3.44			165,274	2.63