| 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 June 30, 2025, 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 was 5.74% and 5.11% at June 30, 2025 and December 31, 2024, respectively. Set forth below is a summary of the Bank’s compliance with banking regulatory capital standards. | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | | | | Percent of | | | | | Percent of | | | | Amount | | Assets | | Amount | | Assets | | | | | (Dollars in thousands) | | Tier I (leverage) capital: | | | | | | | | | | | | Capital level | | $ | 875,604 | | 9.82 | % | $ | 847,588 | | 9.31 | % | Requirement to be well-capitalized | | | 445,626 | | 5.00 | | | 455,335 | | 5.00 | | Excess | | | 429,978 | | 4.82 | | | 392,253 | | 4.31 | | | | | | | | | | | | | | Common Equity Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 875,604 | | 13.11 | % | $ | 847,588 | | 12.51 | % | Requirement to be well-capitalized | | | 433,982 | | 6.50 | | | 440,259 | | 6.50 | | Excess | | | 441,622 | | 6.61 | | | 407,329 | | 6.01 | | | | | | | | | | | | | | Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 875,604 | | 13.11 | % | $ | 847,588 | | 12.51 | % | Requirement to be well-capitalized | | | 534,132 | | 8.00 | | | 541,857 | | 8.00 | | Excess | | | 341,472 | | 5.11 | | | 305,731 | | 4.51 | | | | | | | | | | | | | | Total risk-based capital: | | | | | | | | | | | | Capital level | | $ | 917,250 | | 13.74 | % | $ | 887,902 | | 13.11 | % | Requirement to be well-capitalized | | | 667,665 | | 10.00 | | | 677,321 | | 10.00 | | Excess | | | 249,585 | | 3.74 | | | 210,581 | | 3.11 | |
The Company is subject to the same regulatory capital requirements as the Bank. As of June 30, 2025, the 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 Company at June 30, 2025 and December 31, 2024 was 5.10% and 4.82%, respectively. Set forth below is a summary of the Company’s compliance with banking regulatory capital standards. | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | | | | | Percent of | | | | | Percent of | | | | Amount | | Assets | | Amount | | Assets | | | | | (Dollars in thousands) | | Tier I (leverage) capital: | | | | | | | | | | | | Capital level | | $ | 740,871 | | 8.31 | % | $ | 731,958 | | 8.04 | % | Requirement to be well-capitalized | | | 445,628 | | 5.00 | | | 455,297 | | 5.00 | | Excess | | | 295,243 | | 3.31 | | | 276,661 | | 3.04 | | | | | | | | | | | | | | Common Equity Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 695,099 | | 10.41 | % | $ | 685,004 | | 10.13 | % | Requirement to be well-capitalized | | | 433,915 | | 6.50 | | | 439,533 | | 6.50 | | Excess | | | 261,184 | | 3.91 | | | 245,471 | | 3.63 | | | | | | | | | | | | | | Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 740,871 | | 11.10 | % | $ | 731,958 | | 10.82 | % | Requirement to be well-capitalized | | | 534,050 | | 8.00 | | | 540,964 | | 8.00 | | Excess | | | 206,821 | | 3.10 | | | 190,994 | | 2.82 | | | | | | | | | | | | | | Total risk-based capital: | | | | | | | | | | | | Capital level | | $ | 972,517 | | 14.57 | % | $ | 962,272 | | 14.23 | % | Requirement to be well-capitalized | | | 667,562 | | 10.00 | | | 676,205 | | 10.00 | | Excess | | | 304,955 | | 4.57 | | | 286,067 | | 4.23 | |
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