Southern First Bank: Regulatory Capital and Risk-Weighted Assets
As of 2Q26, from Call Report Schedule RC-R.
Capital conservation buffer: 4.84% (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: 4.84% (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 11.61% +5.11 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 | $416.8M | 416,825 | RCOAP859 |
|---|---|---|---|
| Divided by total risk-weighted assets | $3.59B | 3,591,744 | RCOAA223 |
| Recomputed ratio | 11.61% | numerator / denominator | |
| Filed ratio | 11.61% | RCOAP793 | |
| Regulatory minimum | 4.50% | ||
| Minimum plus conservation buffer | 7.00% | ||
| Well-capitalized level | 6.50% | ||
| Cushion over that level | +5.11 pp | $183.4M | capital that could be lost first |
Tier 1 risk-based capital ratio 11.61% +3.61 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 | $416.8M | 416,825 | RCOA8274 |
|---|---|---|---|
| Divided by total risk-weighted assets | $3.59B | 3,591,744 | RCOAA223 |
| Recomputed ratio | 11.61% | numerator / denominator | |
| Filed ratio | 11.61% | RCOA7206 | |
| Regulatory minimum | 6.00% | ||
| Minimum plus conservation buffer | 8.50% | ||
| Well-capitalized level | 8.00% | ||
| Cushion over that level | +3.61 pp | $129.5M | capital that could be lost first |
Total risk-based capital ratio 12.84% +2.84 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 | $461.1M | 461,057 | RCOA3792 |
|---|---|---|---|
| Divided by total risk-weighted assets | $3.59B | 3,591,744 | RCOAA223 |
| Recomputed ratio | 12.84% | numerator / denominator | |
| Filed ratio | 12.84% | RCOA7205 | |
| Regulatory minimum | 8.00% | ||
| Minimum plus conservation buffer | 10.50% | ||
| Well-capitalized level | 10.00% | ||
| Cushion over that level | +2.84 pp | $101.9M | capital that could be lost first |
Tier 1 leverage ratio 8.89% +3.89 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 | $416.8M | 416,825 | RCOA8274 |
|---|---|---|---|
| Divided by average total assets for the leverage ratio | $4.69B | 4,686,857 | RCOAA224 |
| Recomputed ratio | 8.89% | numerator / denominator | |
| Filed ratio | 8.89% | RCOA7204 | |
| Regulatory minimum | 4.00% | ||
| Well-capitalized level | 5.00% | ||
| Cushion over that level | +3.89 pp | $182.5M | 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 | 105,186 | 105,186 | 105,186 | 105,186 | 105,186 | 105,186 | RCOAP742 |
| Retained earnings | 311,639 | 300,019 | 289,741 | 279,479 | 270,396 | 263,369 | RCOAKW00 |
| Accumulated other comprehensive income | (8,372) | (7,865) | (7,454) | (8,426) | (9,609) | (10,016) | RCOAB530 |
| Common equity Tier 1 minority interest | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP839 |
| Common equity Tier 1 capital before adjustments and deductions | 408,453 | 397,340 | 387,473 | 376,239 | 365,973 | 358,539 | RCOAP840 |
| Adjustments and deductions from common equity Tier 1 | 8,372 | 7,865 | 7,454 | 8,426 | 9,609 | 10,016 | P859 - P840 |
| Common equity Tier 1 capital | 416,825 | 405,205 | 394,927 | 384,665 | 375,582 | 368,555 | RCOAP859 |
| Additional Tier 1 capital | 0 | 0 | 0 | 0 | 0 | 0 | RCOAP865 |
| Tier 1 capital | 416,825 | 405,205 | 394,927 | 384,665 | 375,582 | 368,555 | RCOA8274 |
| Tier 2 capital | 44,232 | 43,378 | 42,280 | 41,799 | 41,285 | 40,473 | RCOA5311 |
| Allowance includable in Tier 2 capital | 44,232 | 43,378 | 42,280 | 41,799 | 41,285 | 40,473 | RCOA5310 |
| Total capital | 461,057 | 448,583 | 437,207 | 426,464 | 416,867 | 409,028 | RCOA3792 |
| Total risk-weighted assets | 3,591,744 | 3,504,014 | 3,401,504 | 3,353,561 | 3,314,211 | 3,237,681 | RCOAA223 |
| Average total assets for the leverage ratio | 4,686,857 | 4,423,908 | 4,356,904 | 4,333,193 | 4,218,633 | 4,103,124 | 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 | $341.4M | $15.8M | 4.63% | 0.44% | RC-R Part II, item 1 |
| Securities (HTM and AFS) | $155.0M | $27.4M | 17.70% | 0.76% | RC-R Part II, item 2.a, 2.b |
| Fed funds sold and repo-style transactions | $25.0M | $5.0M | 20.00% | 0.14% | RC-R Part II, item 3.a, 16 |
| Loans: residential mortgage | $1.80B | $1.05B | 58.71% | 29.37% | RC-R Part II, item 4.a, 5.a |
| Loans: past due and nonaccrual | $11.2M | $11.2M | 100.00% | 0.31% | RC-R Part II, item 4.c, 5.c |
| Loans: all other | $2.23B | $2.23B | 100.00% | 62.19% | RC-R Part II, item 4.d, 5.d |
| All other assets | $185.0M | $171.8M | 92.85% | 4.78% | RC-R Part II, item 8 |
| Off-balance-sheet commitments and letters of credit | $62.2M | $62.2M | 100.00% | 1.73% | RC-R Part II, item 12, 13, 14, 15, 17, 18.a, 18.b |
| Market risk and other approaches | NA | $9.7M | NA | 0.27% | RC-R Part II, item 27 |
How the categories add up to total risk-weighted assets
| Categories above, excluding market risk and other approaches | $3.58B | ties to item 31 ($3.58B) |
|---|---|---|
| Risk-weighted assets before deductions | $3.59B | RCONB704 |
| Less: excess allowance for credit losses | $0 | A222 |
| Less: allocated transfer risk reserve | $0 | 3128 |
| Total risk-weighted assets | $3.59B | 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 | 11.61% | 11.61% | 12.84% | 8.89% | 13.52% | 13.55% | 14.66% | 10.52% |
| 1Q26 | Risk-based | 11.56% | 11.56% | 12.80% | 9.16% | 13.45% | 13.46% | 14.59% | 10.46% |
| 4Q25 | Risk-based | 11.61% | 11.61% | 12.85% | 9.06% | 13.36% | 13.37% | 14.44% | 10.38% |
| 3Q25 | Risk-based | 11.47% | 11.47% | 12.72% | 8.88% | 13.38% | 13.39% | 14.51% | 10.37% |
| 2Q25 | Risk-based | 11.33% | 11.33% | 12.58% | 8.90% | 13.21% | 13.21% | 14.27% | 10.30% |
| 1Q25 | Risk-based | 11.38% | 11.38% | 12.63% | 8.98% | 13.15% | 13.17% | 14.26% | 10.24% |
| 4Q24 | Risk-based | 11.41% | 11.41% | 12.66% | 8.75% | 13.02% | 13.05% | 14.10% | 10.07% |
| 3Q24 | Risk-based | 11.25% | 11.25% | 12.50% | 8.70% | 12.97% | 13.02% | 14.13% | 10.12% |
| 2Q24 | Risk-based | 11.22% | 11.22% | 12.47% | 8.59% | 12.93% | 12.94% | 14.06% | 10.10% |
| 1Q24 | Risk-based | 11.04% | 11.04% | 12.29% | 8.77% | 12.90% | 12.91% | 14.02% | 10.06% |
| 4Q23 | Risk-based | 11.03% | 11.03% | 12.28% | 8.47% | 12.81% | 12.82% | 13.92% | 10.01% |
| 3Q23 | Risk-based | 11.01% | 11.01% | 12.27% | 8.51% | 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 |
|---|---|---|---|---|---|---|
| Southern First Bank (this bank) | Risk-based | 11.61% | 11.61% | 12.84% | 8.89% | |
| Town Bank, N.A. | $4.71B | Risk-based | 11.19% | 11.19% | 11.78% | 9.75% |
| Bar Harbor Bank and Trust Company | $4.73B | Risk-based | 12.72% | 12.72% | 13.64% | 10.49% |
| Erebor Bank, N.A. | $4.66B | CBLR | NA | NA | NA | 38.81% |
| The Fidelity Bank | $4.66B | Risk-based | 16.56% | 16.56% | 17.81% | 11.47% |
| BlackRock Institutional Trust Company, N.A. | $4.75B | Risk-based | 131.98% | 131.98% | 132.41% | 60.46% |
| First National Bank Texas dba First Convenience Bank | $4.64B | Risk-based | 19.71% | 19.71% | 20.98% | 9.12% |
| PeoplesBank | $4.62B | Risk-based | 12.39% | 12.39% | 13.01% | 9.26% |
| First Bank & Trust | $4.78B | CBLR | NA | NA | NA | 10.37% |
| Wheaton Bank & Trust Company, N.A. | $4.79B | Risk-based | 10.78% | 10.78% | 11.32% | 9.10% |
| Hills Bank and Trust Company | $4.79B | CBLR | NA | NA | NA | 13.36% |
| Peer 25th percentile | 11.79% | 11.79% | 12.39% | 9.38% | ||
| Peer median | 12.72% | 12.72% | 13.64% | 10.43% | ||
| Peer 75th percentile | 18.14% | 18.14% | 19.40% | 12.89% | ||
| This bank's percentile | 29 | 29 | 29 | 0 |
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/2849801/regulatory-capital/ and in the Excel workbook. Next: the capital tab, the peer group page, or the full profile.