Bank Michigan: Regulatory Capital and Risk-Weighted Assets
As of 2Q26, from Call Report Schedule RC-R.
Capital conservation buffer: 5.87% (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: 5.87% (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 12.69% +6.19 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 | $18.5M | 18,517 | RCOAP859 |
|---|---|---|---|
| Divided by total risk-weighted assets | $146.0M | 145,968 | RCOAA223 |
| Recomputed ratio | 12.69% | numerator / denominator | |
| Filed ratio | 12.69% | RCOAP793 | |
| Regulatory minimum | 4.50% | ||
| Minimum plus conservation buffer | 7.00% | ||
| Well-capitalized level | 6.50% | ||
| Cushion over that level | +6.19 pp | $9.0M | capital that could be lost first |
Tier 1 risk-based capital ratio 12.69% +4.69 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 | $18.5M | 18,517 | RCOA8274 |
|---|---|---|---|
| Divided by total risk-weighted assets | $146.0M | 145,968 | RCOAA223 |
| Recomputed ratio | 12.69% | numerator / denominator | |
| Filed ratio | 12.69% | RCOA7206 | |
| Regulatory minimum | 6.00% | ||
| Minimum plus conservation buffer | 8.50% | ||
| Well-capitalized level | 8.00% | ||
| Cushion over that level | +4.69 pp | $6.8M | capital that could be lost first |
Total risk-based capital ratio 13.87% +3.87 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 | $20.2M | 20,241 | RCOA3792 |
|---|---|---|---|
| Divided by total risk-weighted assets | $146.0M | 145,968 | RCOAA223 |
| Recomputed ratio | 13.87% | numerator / denominator | |
| Filed ratio | 13.87% | RCOA7205 | |
| Regulatory minimum | 8.00% | ||
| Minimum plus conservation buffer | 10.50% | ||
| Well-capitalized level | 10.00% | ||
| Cushion over that level | +3.87 pp | $5.6M | capital that could be lost first |
Tier 1 leverage ratio 11.25% +6.25 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 | $18.5M | 18,517 | RCOA8274 |
|---|---|---|---|
| Divided by average total assets for the leverage ratio | $164.5M | 164,525 | RCOAA224 |
| Recomputed ratio | 11.25% | numerator / denominator | |
| Filed ratio | 11.25% | RCOA7204 | |
| Regulatory minimum | 4.00% | ||
| Well-capitalized level | 5.00% | ||
| Cushion over that level | +6.25 pp | $10.3M | 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 | 21,234 | 21,234 | 21,319 | 21,319 | 21,319 | 21,319 | RCOAP742 |
| Retained earnings | (1,726) | (2,097) | (2,273) | (3,893) | (9,122) | (9,455) | RCOAKW00 |
| Accumulated other comprehensive income | (132) | (134) | (105) | (161) | (236) | (235) | RCOAB530 |
| Common equity Tier 1 minority interest | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP839 |
| Common equity Tier 1 capital before adjustments and deductions | 19,376 | 19,003 | 18,941 | 17,265 | 11,961 | 11,629 | RCOAP840 |
| Adjustments and deductions from common equity Tier 1 | (859) | (958) | (528) | 161 | 236 | 235 | P859 - P840 |
| Common equity Tier 1 capital | 18,517 | 18,045 | 18,413 | 17,426 | 12,197 | 11,864 | RCOAP859 |
| Additional Tier 1 capital | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP865 |
| Tier 1 capital | 18,517 | 18,045 | 18,413 | 17,426 | 12,197 | 11,864 | RCOA8274 |
| Tier 2 capital | 1,724 | 1,552 | 1,418 | 1,322 | 1,410 | 1,368 | RCOA5311 |
| Allowance includable in Tier 2 capital | 1,724 | 1,552 | 1,418 | 1,322 | 1,410 | 1,368 | RCOA5310 |
| Total capital | 20,241 | 19,597 | 19,831 | 18,748 | 13,607 | 13,232 | RCOA3792 |
| Total risk-weighted assets | 145,968 | 124,139 | 117,152 | 104,947 | 112,435 | 108,803 | RCOAA223 |
| Average total assets for the leverage ratio | 164,525 | 148,276 | 142,332 | 136,564 | 132,699 | 130,426 | 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 | $18.4M | $391K | 2.12% | 0.27% | RC-R Part II, item 1 |
| Securities (HTM and AFS) | $7.9M | $347K | 4.41% | 0.24% | RC-R Part II, item 2.a, 2.b |
| Fed funds sold and repo-style transactions | $1.5M | $300K | 20.00% | 0.21% | RC-R Part II, item 3.a, 16 |
| Loans: residential mortgage | $11.2M | $6.2M | 55.79% | 4.28% | RC-R Part II, item 4.a, 5.a |
| Loans: past due and nonaccrual | $1.1M | $1.7M | 150.00% | 1.14% | RC-R Part II, item 4.c, 5.c |
| Loans: all other | $131.0M | $128.1M | 97.78% | 87.77% | RC-R Part II, item 4.d, 5.d |
| All other assets | $5.7M | $4.8M | 84.22% | 3.31% | RC-R Part II, item 8 |
| Off-balance-sheet commitments and letters of credit | $6.8M | $4.1M | 60.21% | 2.80% | RC-R Part II, item 12, 13, 14, 15, 17, 18.a, 18.b |
| Market risk and other approaches | NA | $700 | NA | 0.00% | RC-R Part II, item 27 |
How the categories add up to total risk-weighted assets
| Categories above, excluding market risk and other approaches | $146.0M | ties to item 31 ($146.0M) |
|---|---|---|
| Risk-weighted assets before deductions | $146.0M | RCONB704 |
| Less: excess allowance for credit losses | $0 | A222 |
| Less: allocated transfer risk reserve | $0 | 3128 |
| Total risk-weighted assets | $146.0M | 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 | 12.69% | 12.69% | 13.87% | 11.25% | 15.12% | 15.12% | 16.26% | 10.99% |
| 1Q26 | Risk-based | 14.54% | 14.54% | 15.79% | 12.17% | 14.98% | 15.01% | 16.09% | 10.86% |
| 4Q25 | Risk-based | 15.72% | 15.72% | 16.93% | 12.94% | 14.89% | 14.90% | 16.02% | 10.79% |
| 3Q25 | Risk-based | 16.60% | 16.60% | 17.86% | 12.76% | 14.82% | 14.86% | 15.98% | 10.87% |
| 2Q25 | Risk-based | 10.85% | 10.85% | 12.10% | 9.19% | 14.75% | 14.79% | 15.93% | 10.80% |
| 1Q25 | Risk-based | 10.90% | 10.90% | 12.16% | 9.10% | 14.77% | 14.82% | 15.94% | 10.70% |
| 4Q24 | Risk-based | 8.92% | 8.92% | 10.18% | 7.13% | 14.67% | 14.74% | 15.75% | 10.61% |
| 3Q24 | Risk-based | 9.88% | 9.88% | 11.14% | 7.59% | 14.69% | 14.72% | 15.80% | 10.69% |
| 2Q24 | Risk-based | 12.06% | 12.06% | 13.31% | 9.74% | 14.55% | 14.57% | 15.69% | 10.61% |
| 1Q24 | Risk-based | 12.75% | 12.75% | 14.00% | 9.90% | 14.58% | 14.60% | 15.70% | 10.54% |
| 4Q23 | Risk-based | 13.14% | 13.14% | 14.40% | 9.89% | 14.42% | 14.45% | 15.56% | 10.55% |
| 3Q23 | Risk-based | 9.49% | 9.49% | 10.75% | 7.23% | 14.65% | 14.67% | 15.79% | 10.60% |
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 Michigan (this bank) | Risk-based | 12.69% | 12.69% | 13.87% | 11.25% | |
| Security Bank of Texas | $175.9M | CBLR | NA | NA | NA | 12.00% |
| First National Bank and Trust Company of Bottineau | $175.9M | CBLR | NA | NA | NA | 13.60% |
| All Capital Bank | $176.1M | CBLR | NA | NA | NA | 9.52% |
| Community State Bank | $175.9M | Risk-based | 16.81% | 16.81% | 17.83% | 10.48% |
| Jackson County Bank | $175.9M | CBLR | NA | NA | NA | 28.83% |
| Mercer Savings Bank | $176.2M | Risk-based | 19.15% | 19.15% | 19.90% | 13.16% |
| New Frontier Bank | $175.7M | CBLR | NA | NA | NA | 9.25% |
| The Bank of Kaukauna | $176.3M | Risk-based | 10.70% | 10.70% | 11.75% | 8.90% |
| Bank of Prairie Village | $175.7M | CBLR | NA | NA | NA | 10.22% |
| New Republic Bank | $176.3M | Risk-based | 31.98% | 31.98% | 33.20% | 15.81% |
| Peer 25th percentile | 15.28% | 15.28% | 16.31% | 9.69% | ||
| Peer median | 17.98% | 17.98% | 18.87% | 11.24% | ||
| Peer 75th percentile | 22.35% | 22.35% | 23.23% | 13.49% | ||
| This bank's percentile | 25 | 25 | 25 | 50 |
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/382742/regulatory-capital/ and in the Excel workbook. Next: the capital tab, the peer group page, or the full profile.