| Schedule of Actual Capital Amounts and Ratios |
Our actual capital amounts and ratios at December 31 follow(1): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Actual | | Minimum for
Adequately Capitalized
Institutions | | Minimum for
Well-Capitalized
Institutions | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | (Dollars in thousands) | | 2025 | | | | | | | | | | | | | Total capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 621,506 | | | 13.59 | % | | $ | 365,958 | | | 8.00 | % | | NA | | NA | | Independent Bank | 570,750 | | | 12.49 | | | 365,463 | | | 8.00 | | | $ | 456,829 | | | 10.00 | % | | | | | | | | | | | | | | Tier 1 capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 564,180 | | | 12.33 | % | | $ | 274,468 | | | 6.00 | % | | NA | | NA | | Independent Bank | 513,500 | | | 11.24 | | | 274,098 | | | 6.00 | | | $ | 365,463 | | | 8.00 | % | | | | | | | | | | | | | | Common equity tier 1 capital to risk-weighted assets | | | | | | | | | | | | | Consolidated | $ | 525,540 | | | 11.49 | % | | $ | 205,851 | | | 4.50 | % | | NA | | NA | | Independent Bank | 513,500 | | | 11.24 | | | 205,573 | | | 4.50 | | | $ | 296,939 | | | 6.50 | % | | | | | | | | | | | | | | Tier 1 capital to average assets | | | | | | | | | | | | | Consolidated | $ | 564,180 | | | 10.27 | % | | $ | 219,663 | | | 4.00 | % | | NA | | NA | | Independent Bank | 513,500 | | | 9.36 | | | 219,422 | | | 4.00 | | | $ | 274,278 | | | 5.00 | % | | | | | | | | | | | | | | 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 December 31, 2025 and 2024. |
NA - Not applicable
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| Schedule of Components Of Regulatory Capital |
The components of our regulatory capital are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Consolidated | | Independent Bank | | December 31, | | December 31, | | 2025 | | 2024 | | 2025 | | 2024 | | (In thousands) | | Total shareholders’ equity | $ | 502,951 | | | $ | 454,686 | | | $ | 490,911 | | | $ | 478,188 | | | Add (deduct) | | | | | | | | | Accumulated other comprehensive loss for regulatory purposes | 51,890 | | | 64,146 | | | 51,890 | | | 64,146 | | | Goodwill and other intangibles | (29,301) | | | (29,788) | | | (29,301) | | | (29,788) | | | Common equity tier 1 capital | 525,540 | | | 489,044 | | | 513,500 | | | 512,546 | | | Qualifying trust preferred securities | 38,640 | | | 38,572 | | | — | | | — | | | Tier 1 capital | 564,180 | | | 527,616 | | | 513,500 | | | 512,546 | | | Subordinated debt | — | | | 40,000 | | | — | | | — | | | Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets | 57,326 | | | 54,828 | | | 57,250 | | | 54,708 | | | Total risk-based capital | $ | 621,506 | | | $ | 622,444 | | | $ | 570,750 | | | $ | 567,254 | |
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