Bank First, N.A.: Regulatory Capital and Risk-Weighted Assets
As of 2Q26, from Call Report Schedule RC-R.
Capital conservation buffer: 4.08% (2Q26), against the 2.50% a bank must hold above each risk-based minimum to pay dividends and discretionary bonuses without limits. The buffer is the smallest of the three cushions over the minimums; here the binding ratio is Total capital. The bank clears the requirement. Filed figure: 4.08% (RCOAH311).
What each ratio is made of, 2Q26
Open a ratio to see its numerator and denominator as filed, our recomputation, and how far it sits above each regulatory line.
Common equity Tier 1 ratio 10.93% +4.43 pp over well capitalized
Common equity Tier 1 is the loss-absorbing core: common stock, retained earnings and most of accumulated other comprehensive income, less goodwill, intangibles and other deductions. It is measured against risk-weighted assets.
| Common equity Tier 1 capital | $526.5M | 526,502 | RCOAP859 |
|---|---|---|---|
| Divided by total risk-weighted assets | $4.82B | 4,819,036 | RCOAA223 |
| Recomputed ratio | 10.93% | numerator / denominator | |
| Filed ratio | 10.93% | RCOAP793 | |
| Regulatory minimum | 4.50% | ||
| Minimum plus conservation buffer | 7.00% | ||
| Well-capitalized level | 6.50% | ||
| Cushion over that level | +4.43 pp | $213.3M | capital that could be lost first |
Tier 1 risk-based capital ratio 10.93% +2.93 pp over well capitalized
Tier 1 adds additional Tier 1 instruments, such as qualifying noncumulative perpetual preferred stock, to common equity Tier 1. Measured against risk-weighted assets.
| Tier 1 capital | $526.5M | 526,502 | RCOA8274 |
|---|---|---|---|
| Divided by total risk-weighted assets | $4.82B | 4,819,036 | RCOAA223 |
| Recomputed ratio | 10.93% | numerator / denominator | |
| Filed ratio | 10.93% | RCOA7206 | |
| Regulatory minimum | 6.00% | ||
| Minimum plus conservation buffer | 8.50% | ||
| Well-capitalized level | 8.00% | ||
| Cushion over that level | +2.93 pp | $141.0M | capital that could be lost first |
Total risk-based capital ratio 12.08% +2.08 pp over well capitalized
Total capital adds Tier 2, mostly qualifying subordinated debt and the allowance for credit losses up to 1.25% of risk-weighted assets, to Tier 1. Measured against risk-weighted assets.
| Total capital | $582.2M | 582,216 | RCOA3792 |
|---|---|---|---|
| Divided by total risk-weighted assets | $4.82B | 4,819,036 | RCOAA223 |
| Recomputed ratio | 12.08% | numerator / denominator | |
| Filed ratio | 12.08% | RCOA7205 | |
| Regulatory minimum | 8.00% | ||
| Minimum plus conservation buffer | 10.50% | ||
| Well-capitalized level | 10.00% | ||
| Cushion over that level | +2.08 pp | $100.3M | capital that could be lost first |
Tier 1 leverage ratio 9.27% +4.27 pp over well capitalized
Tier 1 capital over average total assets for the quarter, with no risk weighting. It caps how far a bank can grow on low-risk-weight assets.
| Tier 1 capital | $526.5M | 526,502 | RCOA8274 |
|---|---|---|---|
| Divided by average total assets for the leverage ratio | $5.68B | 5,678,115 | RCOAA224 |
| Recomputed ratio | 9.27% | numerator / denominator | |
| Filed ratio | 9.27% | RCOA7204 | |
| Regulatory minimum | 4.00% | ||
| Well-capitalized level | 5.00% | ||
| Cushion over that level | +4.27 pp | $242.6M | capital that could be lost first |
Amounts in the middle column are thousands of dollars as filed. Ratios are the standardized column of Schedule RC-R Part I.
The capital stack, $ thousands
From common equity to total capital, then the denominators the ratios divide by. Negatives in parentheses.
| Line | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q25 | Source |
|---|---|---|---|---|---|---|---|
| Common stock plus related surplus, net of treasury stock | 584,889 | 584,889 | 405,093 | 405,093 | 405,093 | 405,093 | RCOAP742 |
| Retained earnings | 229,955 | 223,527 | 203,017 | 200,115 | 196,080 | 192,725 | RCOAKW00 |
| Accumulated other comprehensive income | (8,911) | (9,424) | (5,000) | (6,130) | (7,727) | (8,561) | RCOAB530 |
| Common equity Tier 1 minority interest | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP839 |
| Common equity Tier 1 capital before adjustments and deductions | 805,933 | 798,992 | 603,110 | 599,078 | 593,446 | 589,257 | RCOAP840 |
| Adjustments and deductions from common equity Tier 1 | (279,431) | (282,484) | (186,305) | (186,380) | (186,011) | (186,450) | P859 - P840 |
| Common equity Tier 1 capital | 526,502 | 516,508 | 416,805 | 412,698 | 407,435 | 402,807 | RCOAP859 |
| Additional Tier 1 capital | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP865 |
| Tier 1 capital | 526,502 | 516,508 | 416,805 | 412,698 | 407,435 | 402,807 | RCOA8274 |
| Tier 2 capital | 55,714 | 47,795 | 43,394 | 43,306 | 42,647 | 42,204 | RCOA5311 |
| Allowance includable in Tier 2 capital | 55,714 | 47,795 | 43,394 | 43,306 | 42,647 | 42,204 | RCOA5310 |
| Total capital | 582,216 | 564,303 | 460,199 | 456,004 | 450,082 | 445,011 | RCOA3792 |
| Total risk-weighted assets | 4,819,036 | 4,717,984 | 3,731,765 | 3,756,880 | 3,692,774 | 3,666,700 | RCOAA223 |
| Average total assets for the leverage ratio | 5,678,115 | 5,736,245 | 4,231,937 | 4,162,587 | 4,219,126 | 4,313,242 | RCOAA224 |
Risk-weighted assets by exposure category, 2Q26
Each category's exposure is filed across the risk-weight columns of Schedule RC-R Part II; its risk-weighted assets are each allocation times its weight. The average risk weight says how much capital a dollar of that exposure consumes.
| Category | Exposure | Risk-weighted | Avg weight | Share of RWA | Source |
|---|---|---|---|---|---|
| Cash and balances due | $264.2M | $11.5M | 4.36% | 0.24% | RC-R Part II, item 1 |
| Securities (HTM and AFS) | $620.7M | $97.3M | 15.68% | 2.02% | RC-R Part II, item 2.a, 2.b |
| Fed funds sold and repo-style transactions | $353K | $71K | 20.00% | 0.00% | RC-R Part II, item 3.a, 16 |
| Loans: residential mortgage | $1.34B | $898.4M | 67.29% | 18.64% | RC-R Part II, item 4.a, 5.a |
| Loans: high-volatility commercial real estate | $77.9M | $116.9M | 150.00% | 2.43% | RC-R Part II, item 4.b, 5.b |
| Loans: past due and nonaccrual | $25.5M | $37.8M | 148.05% | 0.78% | RC-R Part II, item 4.c, 5.c |
| Loans: all other | $3.09B | $2.99B | 96.96% | 62.13% | RC-R Part II, item 4.d, 5.d |
| All other assets | $303.8M | $308.4M | 101.54% | 6.40% | RC-R Part II, item 8 |
| Off-balance-sheet commitments and letters of credit | $354.5M | $352.7M | 99.49% | 7.32% | RC-R Part II, item 12, 13, 14, 15, 17, 18.a, 18.b |
| Market risk and other approaches | NA | $1.7M | NA | 0.04% | RC-R Part II, item 27 |
How the categories add up to total risk-weighted assets
| Categories above, excluding market risk and other approaches | $4.82B | ties to item 31 ($4.82B) |
|---|---|---|
| Risk-weighted assets before deductions | $4.82B | RCONB704 |
| Less: excess allowance for credit losses | $0 | A222 |
| Less: allocated transfer risk reserve | $0 | 3128 |
| Total risk-weighted assets | $4.82B | RCONG641, ties |
12 quarters against the asset-tier median
| Quarter | Framework | CET1 | Tier 1 | Total capital | Leverage | Tier median CET1 | Tier median Tier 1 | Tier median Total capital | Tier median Leverage |
|---|---|---|---|---|---|---|---|---|---|
| 2Q26 | Risk-based | 10.93% | 10.93% | 12.08% | 9.27% | 13.52% | 13.55% | 14.66% | 10.52% |
| 1Q26 | Risk-based | 10.95% | 10.95% | 11.96% | 9.00% | 13.45% | 13.46% | 14.59% | 10.46% |
| 4Q25 | Risk-based | 11.17% | 11.17% | 12.33% | 9.85% | 13.36% | 13.37% | 14.44% | 10.38% |
| 3Q25 | Risk-based | 10.99% | 10.99% | 12.14% | 9.91% | 13.38% | 13.39% | 14.51% | 10.37% |
| 2Q25 | Risk-based | 11.03% | 11.03% | 12.19% | 9.66% | 13.21% | 13.21% | 14.27% | 10.30% |
| 1Q25 | Risk-based | 10.99% | 10.99% | 12.14% | 9.34% | 13.15% | 13.17% | 14.26% | 10.24% |
| 4Q24 | Risk-based | 11.06% | 11.06% | 12.18% | 9.54% | 13.02% | 13.05% | 14.10% | 10.07% |
| 3Q24 | Risk-based | 11.04% | 11.04% | 12.18% | 9.74% | 12.97% | 13.02% | 14.13% | 10.12% |
| 2Q24 | Risk-based | 11.17% | 11.17% | 12.32% | 10.07% | 12.93% | 12.94% | 14.06% | 10.10% |
| 1Q24 | Risk-based | 11.15% | 11.15% | 12.24% | 9.91% | 12.90% | 12.91% | 14.02% | 10.06% |
| 4Q23 | Risk-based | 11.92% | 11.92% | 12.91% | 10.40% | 12.81% | 12.82% | 13.92% | 10.01% |
| 3Q23 | Risk-based | 11.02% | 11.02% | 11.94% | 10.20% | 12.78% | 12.79% | 13.93% | 10.03% |
NA means not filed for that quarter: a community bank leverage ratio filer files no risk-based ratios. Tier medians are the served benchmark for banks in the same asset tier.
Against similar banks, 2Q26
| Bank | Assets | Framework | CET1 | Tier 1 | Total capital | Leverage |
|---|---|---|---|---|---|---|
| Bank First, N.A. (this bank) | Risk-based | 10.93% | 10.93% | 12.08% | 9.27% | |
| Fremont Bank | $5.97B | Risk-based | 10.69% | 10.69% | 11.95% | 8.35% |
| Wilson Bank & Trust | $5.98B | Risk-based | 14.35% | 14.35% | 15.60% | 10.85% |
| Banesco USA | $5.98B | CBLR | NA | NA | NA | 11.46% |
| CTBC Bank Corp. (USA) | $5.87B | CBLR | NA | NA | NA | 14.67% |
| River City Bank | $6.04B | Risk-based | 13.18% | 13.18% | 14.44% | 9.22% |
| Farmers & Merchants Bank of Central California | $5.83B | Risk-based | 14.74% | 14.74% | 16.00% | 11.65% |
| Bradesco Bank | $6.10B | Risk-based | 13.93% | 13.93% | 14.95% | 10.09% |
| SmartBank | $6.11B | Risk-based | 11.38% | 11.38% | 12.30% | 9.86% |
| Westamerica Bank | $5.77B | Risk-based | 16.23% | 16.23% | 16.69% | 10.27% |
| CFG Bank | $6.12B | Risk-based | 12.50% | 12.50% | 13.71% | 11.29% |
| Peer 25th percentile | 12.22% | 12.22% | 13.36% | 9.92% | ||
| Peer median | 13.55% | 13.55% | 14.70% | 10.56% | ||
| Peer 75th percentile | 14.45% | 14.45% | 15.70% | 11.42% | ||
| This bank's percentile | 12 | 12 | 12 | 20 |
Peer ratios use the same basis as this bank: the standardized column of Schedule RC-R where served, the filed summary otherwise. Similar banks are the nearest banks by size in the same asset tier.
Source: FFIEC Call Report Schedule RC-R, Parts I and II, as filed. Well capitalized means at least 6.5% CET1, 8% Tier 1, 10% total capital and 5% leverage under the prompt corrective action rules; a community bank leverage ratio filer must instead hold the leverage ratio its framework requires. The same figures are in the API at /api/v1/banks/594947/regulatory-capital/ and in the Excel workbook. Next: the capital tab, the peer group page, or the full profile.