| 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 March 31, 2026, 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 6.59% and 6.40% at March 31, 2026 and December 31, 2025, respectively. Set forth below is a summary of the Bank’s compliance with banking regulatory capital standards. | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | | | | | | Percent of | | | | | Percent of | | | | Amount | | Assets | | Amount | | Assets | | | | | (Dollars in thousands) | | Tier I (leverage) capital: | | | | | | | | | | | | Capital level | | $ | 921,751 | | 10.45 | % | $ | 909,636 | | 10.29 | % | Requirement to be well-capitalized | | | 440,854 | | 5.00 | | | 441,813 | | 5.00 | | Excess | | | 480,897 | | 5.45 | | | 467,823 | | 5.29 | | | | | | | | | | | | | | Common Equity Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 921,751 | | 13.89 | % | $ | 909,636 | | 13.73 | % | Requirement to be well-capitalized | | | 431,199 | | 6.50 | | | 430,567 | | 6.50 | | Excess | | | 490,552 | | 7.39 | | | 479,069 | | 7.23 | | | | | | | | | | | | | | Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 921,751 | | 13.89 | % | $ | 909,636 | | 13.73 | % | Requirement to be well-capitalized | | | 530,706 | | 8.00 | | | 529,929 | | 8.00 | | Excess | | | 391,045 | | 5.89 | | | 379,707 | | 5.73 | | | | | | | | | | | | | | Total risk-based capital: | | | | | | | | | | | | Capital level | | $ | 967,947 | | 14.59 | % | $ | 954,061 | | 14.40 | % | Requirement to be well-capitalized | | | 663,383 | | 10.00 | | | 662,411 | | 10.00 | | Excess | | | 304,564 | | 4.59 | | | 291,650 | | 4.40 | |
The Company is subject to the same regulatory capital requirements as the Bank. As of March 31, 2026, 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 March 31, 2026 and December 31, 2025 was 5.27% and 5.36%, respectively. Set forth below is a summary of the Company’s compliance with banking regulatory capital standards. | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | | | | | | Percent of | | | | | Percent of | | | | Amount | | Assets | | Amount | | Assets | | | | | (Dollars in thousands) | | Tier I (leverage) capital: | | | | | | | | | | | | Capital level | | $ | 747,808 | | 8.48 | % | $ | 752,523 | | 8.52 | % | Requirement to be well-capitalized | | | 440,855 | | 5.00 | | | 441,788 | | 5.00 | | Excess | | | 306,953 | | 3.48 | | | 310,735 | | 3.52 | | | | | | | | | | | | | | Common Equity Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 694,708 | | 10.47 | % | $ | 702,747 | | 10.61 | % | Requirement to be well-capitalized | | | 431,258 | | 6.50 | | | 430,555 | | 6.50 | | Excess | | | 263,450 | | 3.97 | | | 272,192 | | 4.11 | | | | | | | | | | | | | | Tier I risk-based capital: | | | | | | | | | | | | Capital level | | $ | 747,808 | | 11.27 | % | $ | 752,523 | | 11.36 | % | Requirement to be well-capitalized | | | 530,779 | | 8.00 | | | 529,914 | | 8.00 | | Excess | | | 217,029 | | 3.27 | | | 222,609 | | 3.36 | | | | | | | | | | | | | | Total risk-based capital: | | | | | | | | | | | | Capital level | | $ | 984,004 | | 14.83 | % | $ | 986,948 | | 14.90 | % | Requirement to be well-capitalized | | | 663,474 | | 10.00 | | | 662,392 | | 10.00 | | Excess | | | 320,530 | | 4.83 | | | 324,556 | | 4.90 | |
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