| Summary of bank's actual capital amounts and ratios |
The Company’s and Merchants Bank’s actual capital amounts and ratios are presented in the following tables. | | | | | | | | | | | | | | | | | | | | | | | | Minimum | | | | | | | | | | | Amount to be Well | | Minimum Amount | | | | | | | | | Capitalized with | | To Be Well | | | | Actual | | Basel III Buffer(1) | | Capitalized(1) | | | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | | | | (Dollars in thousands) | | June 30, 2026 | | | | | | | | | | | | | | | | | Total capital(1) (to risk-weighted assets) | | | | | | | | | | | | | | | | | Company | | $ | 2,470,123 | | 12.5 | % | $ | 2,073,368 | | 10.5 | % | $ | — | | N/A | % | Merchants Bank | | | 2,398,352 | | 12.2 | % | | 2,067,150 | | 10.5 | % | | 1,968,714 | | 10.0 | % | Tier I capital(1) (to risk-weighted assets) | | | | | | | | | | | | | | | | | Company | | | 2,386,160 | | 12.1 | % | | 1,678,441 | | 8.5 | % | | — | | N/A | % | Merchants Bank | | | 2,314,389 | | 11.8 | % | | 1,673,407 | | 8.5 | % | | 1,574,971 | | 8.0 | % | Common Equity Tier I capital(1) (to risk-weighted assets) | | | | | | | | | | | | | | | | | Company | | | 1,834,870 | | 9.3 | % | | 1,382,245 | | 7.0 | % | | — | | N/A | % | Merchants Bank | | | 2,314,389 | | 11.8 | % | | 1,378,100 | | 7.0 | % | | 1,279,664 | | 6.5 | % | Tier I capital(1) (to average assets) | | | | | | | | | | | | | | | | | Company | | | 2,386,160 | | 11.6 | % | | 1,028,502 | | 5.0 | % | | — | | N/A | % | Merchants Bank | | | 2,314,389 | | 11.3 | % | | 1,025,533 | | 5.0 | % | | 1,025,533 | | 5.0 | % |
| (1) | As defined by regulatory agencies. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Minimum | | | | | | | | | | | Amount to be Well | | Minimum Amount | | | | | | | | | Capitalized with | | To Be Well | | | | Actual | | Basel III Buffer(1) | | Capitalized(1) | | | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | | | | (Dollars in thousands) | | December 31, 2025 | | | | | | | | | | | | | | | | | Total capital(1) (to risk-weighted assets) | | | | | | | | | | | | | | | | | Company | | $ | 2,365,600 | | 13.6 | % | $ | 1,822,759 | | 10.5 | % | $ | — | | N/A | % | Merchants Bank | | | 2,320,227 | | 13.4 | % | | 1,821,535 | | 10.5 | % | | 1,734,795 | | 10.0 | % | Tier I capital(1) (to risk-weighted assets) | | | | | | | | | | | | | | | | | Company | | | 2,272,014 | | 13.1 | % | | 1,475,567 | | 8.5 | % | | — | | N/A | % | Merchants Bank | | | 2,226,641 | | 12.8 | % | | 1,474,576 | | 8.5 | % | | 1,387,836 | | 8.0 | % | Common Equity Tier I capital(1) (to risk-weighted assets) | | | | | | | | | | | | | | | | | Company | | | 1,720,724 | | 9.9 | % | | 1,215,172 | | 7.0 | % | | — | | N/A | % | Merchants Bank | | | 2,226,641 | | 12.8 | % | | 1,214,357 | | 7.0 | % | | 1,127,617 | | 6.5 | % | Tier I capital(1) (to average assets) | | | | | | | | | | | | | | | | | Company | | | 2,272,014 | | 11.5 | % | | 990,358 | | 5.0 | % | | — | | N/A | % | Merchants Bank | | | 2,226,641 | | 11.3 | % | | 987,284 | | 5.0 | % | | 987,284 | | 5.0 | % |
| (1) | As defined by regulatory agencies. |
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