| Capital Amounts and Ratios |
Our actual capital amounts and ratios follow (1): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Actual | | Minimum for
Adequately Capitalized
Institutions | | Minimum for
Well-Capitalized
Institutions | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | (Dollars in thousands) | | June 30, 2025 | | | | | | | | | | | | | Total capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 629,972 | | | 14.20 | % | | $ | 354,803 | | | 8.00 | % | | NA | | NA | | Independent Bank | 582,441 | | | 13.15 | | | 354,204 | | | 8.00 | | | $ | 442,755 | | | 10.00 | % | | | | | | | | | | | | | | Tier 1 capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 542,401 | | | 12.23 | % | | $ | 266,102 | | | 6.00 | % | | NA | | NA | | Independent Bank | 526,962 | | | 11.90 | | | 265,653 | | | 6.00 | | | $ | 354,204 | | | 8.00 | % | | | | | | | | | | | | | | Common equity tier 1 capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 503,795 | | | 11.36 | % | | $ | 199,577 | | | 4.50 | % | | NA | | NA | | Independent Bank | 526,962 | | | 11.90 | | | 199,240 | | | 4.50 | | | $ | 287,790 | | | 6.50 | % | | | | | | | | | | | | | | Tier 1 capital to average assets | | | | | | | | | | | | | Consolidated | $ | 542,401 | | | 10.07 | % | | $ | 215,510 | | | 4.00 | % | | NA | | NA | | Independent Bank | 526,962 | | | 9.79 | | | 215,217 | | | 4.00 | | | $ | 269,022 | | | 5.00 | % | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | Total capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 622,444 | | | 14.22 | % | | $ | 350,113 | | | 8.00 | % | | NA | | NA | | Independent Bank | 567,254 | | | 12.99 | | | 349,335 | | | 8.00 | | | $ | 436,668 | | | 10.00 | % | | | | | | | | | | | | | | Tier 1 capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 527,616 | | | 12.06 | % | | $ | 262,585 | | | 6.00 | % | | NA | | NA | | Independent Bank | 512,546 | | | 11.74 | | | 262,001 | | | 6.00 | | | $ | 349,335 | | | 8.00 | % | | | | | | | | | | | | | | Common equity tier 1 capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 489,044 | | | 11.17 | % | | $ | 196,939 | | | 4.50 | % | | NA | | NA | | Independent Bank | 512,546 | | | 11.74 | | | 196,501 | | | 4.50 | | | $ | 283,834 | | | 6.50 | % | | | | | | | | | | | | | | Tier 1 capital to average assets | | | | | | | | | | | | | Consolidated | $ | 527,616 | | | 9.85 | % | | $ | 214,332 | | | 4.00 | % | | NA | | NA | | Independent Bank | 512,546 | | | 9.58 | | | 214,112 | | | 4.00 | | | $ | 267,640 | | | 5.00 | % |
_______________________________________ | | | | | | | (1) | These ratios do not reflect a capital conservation buffer of 2.50% at June 30, 2025 and December 31, 2024. |
NA - Not applicable
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| Regulatory Capital |
The components of our regulatory capital are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Consolidated | | Independent Bank | | June 30,
2025 | | December 31,
2024 | | June 30,
2025 | | December 31,
2024 | | (In thousands) | | Total shareholders' equity | $ | 469,250 | | | $ | 454,686 | | | $ | 492,417 | | | $ | 478,188 | | | Add (deduct) | | | | | | | | Accumulated other comprehensive loss for regulatory purposes | 64,089 | | | 64,146 | | | 64,089 | | | 64,146 | | | Goodwill and other intangibles | (29,544) | | | (29,788) | | | (29,544) | | | (29,788) | | | Common equity tier 1 capital | 503,795 | | | 489,044 | | | 526,962 | | | 512,546 | | | Qualifying trust preferred securities | 38,606 | | | 38,572 | | | — | | | — | | | Tier 1 capital | 542,401 | | | 527,616 | | | 526,962 | | | 512,546 | | | Subordinated debt | 32,000 | | | 40,000 | | | — | | | — | | Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets | 55,571 | | | 54,828 | | | 55,479 | | | 54,708 | | | Total risk-based capital | $ | 629,972 | | | $ | 622,444 | | | $ | 582,441 | | | $ | 567,254 | |
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