v3.26.1
Regulatory Requirements (Tables)
 6 Months Ended
Jun. 30, 2026
Regulated Operations [Abstract]  
Schedule of Regulatory Capital Amounts and Ratios
The following table presents the actual capital amounts and ratios of the Company and Happen Bank as well as the regulatory minimum and “well capitalized” requirements (dollars in millions):
June 30, 2026December 31, 2025
Required Minimum(1)
Well-Capitalized Minimum
AmountRatioAmountRatio
Happen, Inc.:
CET1 capital(2)
$1,436.2 16.9 %$1,342.6 17.4 %7.0 %N/A
Tier 1 capital$1,436.2 16.9 %$1,342.6 17.4 %8.5 %6.0 %
Total capital$1,543.5 18.2 %$1,441.0 18.7 %10.5 %10.0 %
Tier 1 leverage$1,436.2 11.9 %$1,342.6 12.0 %4.0 %N/A
Risk-weighted assets$8,499.0 N/A$7,696.1 N/AN/AN/A
Quarterly adjusted average assets$12,048.2 N/A$11,174.0 N/AN/AN/A
Happen Bank:
CET1 capital(2)
$1,315.7 15.6 %$1,183.9 15.5 %7.0 %6.5 %
Tier 1 capital$1,315.7 15.6 %$1,183.9 15.5 %8.5 %8.0 %
Total capital$1,422.4 16.8 %$1,281.8 16.8 %10.5 %10.0 %
Tier 1 leverage$1,315.7 11.0 %$1,183.9 10.7 %4.0 %5.0 %
Risk-weighted assets$8,452.0 N/A$7,652.0 N/AN/AN/A
Quarterly adjusted average assets$11,987.1 N/A$11,090.4 N/AN/AN/A
N/A – Not applicable
(1)     Required minimums presented for risk-based capital ratios include the required capital conservation buffer of 2.5%.
(2)     CET1 capital consists of common stockholders’ equity as defined under U.S. GAAP and certain adjustments made in accordance with regulatory capital guidelines, including deductions for goodwill and other intangible assets.