Independent Bank: Regulatory Capital and Risk-Weighted Assets
As of 2Q26, from Call Report Schedule RC-R.
Capital conservation buffer: 4.70% (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: 4.70% (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 11.45% +4.95 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 | $537.4M | 537,402 | RCOAP859 |
|---|---|---|---|
| Divided by total risk-weighted assets | $4.69B | 4,693,512 | RCOAA223 |
| Recomputed ratio | 11.45% | numerator / denominator | |
| Filed ratio | 11.45% | RCOAP793 | |
| Regulatory minimum | 4.50% | ||
| Minimum plus conservation buffer | 7.00% | ||
| Well-capitalized level | 6.50% | ||
| Cushion over that level | +4.95 pp | $232.3M | capital that could be lost first |
Tier 1 risk-based capital ratio 11.45% +3.45 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 | $537.4M | 537,402 | RCOA8274 |
|---|---|---|---|
| Divided by total risk-weighted assets | $4.69B | 4,693,512 | RCOAA223 |
| Recomputed ratio | 11.45% | numerator / denominator | |
| Filed ratio | 11.45% | RCOA7206 | |
| Regulatory minimum | 6.00% | ||
| Minimum plus conservation buffer | 8.50% | ||
| Well-capitalized level | 8.00% | ||
| Cushion over that level | +3.45 pp | $161.9M | capital that could be lost first |
Total risk-based capital ratio 12.70% +2.70 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 | $596.2M | 596,228 | RCOA3792 |
|---|---|---|---|
| Divided by total risk-weighted assets | $4.69B | 4,693,512 | RCOAA223 |
| Recomputed ratio | 12.70% | numerator / denominator | |
| Filed ratio | 12.70% | RCOA7205 | |
| Regulatory minimum | 8.00% | ||
| Minimum plus conservation buffer | 10.50% | ||
| Well-capitalized level | 10.00% | ||
| Cushion over that level | +2.70 pp | $126.9M | capital that could be lost first |
Tier 1 leverage ratio 9.67% +4.67 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 | $537.4M | 537,402 | RCOA8274 |
|---|---|---|---|
| Divided by average total assets for the leverage ratio | $5.56B | 5,556,348 | RCOAA224 |
| Recomputed ratio | 9.67% | numerator / denominator | |
| Filed ratio | 9.67% | RCOA7204 | |
| Regulatory minimum | 4.00% | ||
| Well-capitalized level | 5.00% | ||
| Cushion over that level | +4.67 pp | $259.6M | 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 | 325,993 | 325,993 | 325,993 | 325,993 | 325,993 | 325,993 | RCOAP742 |
| Retained earnings | 246,278 | 232,667 | 222,606 | 215,112 | 236,311 | 228,486 | RCOAKW00 |
| Accumulated other comprehensive income | (56,341) | (61,024) | (57,688) | (60,630) | (69,887) | (67,083) | RCOAB530 |
| Common equity Tier 1 minority interest | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP839 |
| Common equity Tier 1 capital before adjustments and deductions | 515,930 | 497,636 | 490,911 | 480,475 | 492,417 | 487,396 | RCOAP840 |
| Adjustments and deductions from common equity Tier 1 | 21,472 | 26,040 | 22,589 | 25,409 | 34,545 | 31,619 | P859 - P840 |
| Common equity Tier 1 capital | 537,402 | 523,676 | 513,500 | 505,884 | 526,962 | 519,015 | RCOAP859 |
| Additional Tier 1 capital | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP865 |
| Tier 1 capital | 537,402 | 523,676 | 513,500 | 505,884 | 526,962 | 519,015 | RCOA8274 |
| Tier 2 capital | 58,826 | 57,414 | 57,250 | 55,956 | 55,479 | 54,507 | RCOA5311 |
| Allowance includable in Tier 2 capital | 58,826 | 57,414 | 57,250 | 55,956 | 55,479 | 54,507 | RCOA5310 |
| Total capital | 596,228 | 581,090 | 570,750 | 561,840 | 582,441 | 573,522 | RCOA3792 |
| Total risk-weighted assets | 4,693,512 | 4,581,437 | 4,568,293 | 4,464,991 | 4,427,545 | 4,349,553 | RCOAA223 |
| Average total assets for the leverage ratio | 5,556,348 | 5,556,067 | 5,485,558 | 5,502,074 | 5,380,431 | 5,428,816 | 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 | $165.4M | $4.5M | 2.74% | 0.10% | RC-R Part II, item 1 |
| Securities (HTM and AFS) | $757.3M | $270.2M | 35.67% | 5.74% | RC-R Part II, item 2.a, 2.b |
| Loans: residential mortgage | $1.67B | $915.5M | 54.91% | 19.45% | RC-R Part II, item 4.a, 5.a |
| Loans: high-volatility commercial real estate | $5.7M | $8.5M | 150.00% | 0.18% | RC-R Part II, item 4.b, 5.b |
| Loans: past due and nonaccrual | $33.2M | $33.2M | 100.00% | 0.70% | RC-R Part II, item 4.c, 5.c |
| Loans: all other | $2.73B | $2.68B | 98.40% | 57.01% | RC-R Part II, item 4.d, 5.d |
| All other assets | $235.2M | $264.5M | 112.47% | 5.62% | RC-R Part II, item 8 |
| Off-balance-sheet commitments and letters of credit | $484.9M | $484.9M | 100.00% | 10.30% | RC-R Part II, item 12, 13, 14, 15, 17, 18.a, 18.b |
| Derivatives (over the counter and centrally cleared) | $37.7M | $7.5M | 20.00% | 0.16% | RC-R Part II, item 20, 21 |
| Market risk and other approaches | NA | $34.3M | NA | 0.73% | RC-R Part II, item 27 |
How the categories add up to total risk-weighted assets
| Categories above, excluding market risk and other approaches | $4.67B | ties to item 31 ($4.67B) |
|---|---|---|
| Risk-weighted assets before deductions | $4.71B | RCONB704 |
| Less: excess allowance for credit losses | $12.6M | A222 |
| Less: allocated transfer risk reserve | $0 | 3128 |
| Total risk-weighted assets | $4.69B | 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 | 11.45% | 11.45% | 12.70% | 9.67% | 13.52% | 13.55% | 14.66% | 10.52% |
| 1Q26 | Risk-based | 11.43% | 11.43% | 12.68% | 9.43% | 13.45% | 13.46% | 14.59% | 10.46% |
| 4Q25 | Risk-based | 11.24% | 11.24% | 12.49% | 9.36% | 13.36% | 13.37% | 14.44% | 10.38% |
| 3Q25 | Risk-based | 11.33% | 11.33% | 12.58% | 9.19% | 13.38% | 13.39% | 14.51% | 10.37% |
| 2Q25 | Risk-based | 11.90% | 11.90% | 13.15% | 9.79% | 13.21% | 13.21% | 14.27% | 10.30% |
| 1Q25 | Risk-based | 11.93% | 11.93% | 13.19% | 9.56% | 13.15% | 13.17% | 14.26% | 10.24% |
| 4Q24 | Risk-based | 11.74% | 11.74% | 12.99% | 9.58% | 13.02% | 13.05% | 14.10% | 10.07% |
| 3Q24 | Risk-based | 11.74% | 11.74% | 13.00% | 9.36% | 12.97% | 13.02% | 14.13% | 10.12% |
| 2Q24 | Risk-based | 11.70% | 11.70% | 12.95% | 9.34% | 12.93% | 12.94% | 14.06% | 10.10% |
| 1Q24 | Risk-based | 11.37% | 11.37% | 12.62% | 9.05% | 12.90% | 12.91% | 14.02% | 10.06% |
| 4Q23 | Risk-based | 11.21% | 11.21% | 12.46% | 8.80% | 12.81% | 12.82% | 13.92% | 10.01% |
| 3Q23 | Risk-based | 11.09% | 11.09% | 12.34% | 8.71% | 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 |
|---|---|---|---|---|---|---|
| Independent Bank (this bank) | Risk-based | 11.45% | 11.45% | 12.70% | 9.67% | |
| Emigrant Bank | $5.68B | Risk-based | 17.43% | 17.43% | 18.68% | 20.30% |
| Firstrust Savings Bank | $5.62B | Risk-based | 11.80% | 11.80% | 13.06% | 11.44% |
| Cape Cod Five Cents Savings Bank | $5.62B | Risk-based | 18.18% | 18.18% | 18.83% | 11.11% |
| Orrstown Bank | $5.61B | Risk-based | 12.11% | 12.11% | 13.13% | 9.97% |
| Institution for Savings in Newburyport and Its Vicinity | $5.56B | Risk-based | 16.21% | 16.21% | 16.56% | 12.66% |
| Westamerica Bank | $5.77B | Risk-based | 16.23% | 16.23% | 16.69% | 10.27% |
| First Internet Bank of Indiana | $5.53B | Risk-based | 10.84% | 10.84% | 12.09% | 7.57% |
| Great Southern Bank | $5.53B | Risk-based | 13.22% | 13.22% | 14.47% | 11.25% |
| Peer 25th percentile | 12.03% | 12.03% | 13.11% | 10.19% | ||
| Peer median | 14.72% | 14.72% | 15.52% | 11.18% | ||
| Peer 75th percentile | 16.53% | 16.53% | 17.19% | 11.74% | ||
| This bank's percentile | 12 | 12 | 12 | 12 |
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/636771/regulatory-capital/ and in the Excel workbook. Next: the capital tab, the peer group page, or the full profile.