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SIERRA BANCORP AND SUBSIDIARY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
104
14.
REGULATORY MATTERS
(Continued)
Common Equity Tier 1 Capital Ratio
Sierra Bancorp and subsidiary
207,576
$
13.98% N/A
N/A
Minimum requirements for "Well-Capitalized" institutions
83,428
6.5% N/A
N/A
Minimum regulatory requirement
57,758
4.5% N/A
N/A
Bank of the Sierra
205,055
$
16.01% N/A
N/A
Minimum requirements for "Well-Capitalized" institutions
83,276
6.5% N/A N/A
Minimum regulatory requirement
57,653
4.5% N/A N/A
2015
2014
Capital
Amount
Ratio
Capital
Amount
Ratio
Tier 1 Risk-Based Capital Ratio
Sierra Bancorp and subsidiary
$ 207,576
16.17% $199,903
17.39%
Minimum requirement for "Well-Capitalized" institutions 102,680
8.0% 68,972
6.0%
Minimum regulatory requirement
77,010
6.0% 45,981
4.0%
Bank of the Sierra
$ 205,055
16.01% $195,174
17.01%
Minimum requirement for "Well-Capitalized" institutions 102,494
8.0% 68,843
6.0%
Minimum regulatory requirement
76,870
6.0% 45,895
4.0%
Total Risk-Based Capital Ratio
Sierra Bancorp and subsidiary
$ 218,315
17.01% $211,973
18.44%
Minimum requirement for "Well-Capitalized" institutions 128,350
10.0% 114,953
10.0%
Minimum regulatory requirement
102,680
8.0% 91,962
8.0%
Bank of the Sierra
$ 215,794
16.84% $206,736
18.02%
Minimum requirement for "Well-Capitalized" institutions 128,117
10.0% 114,739
10.0%
Minimum regulatory requirement
102,494
8.0% 91,791
8.0%
Capital
Amount
Ratio
Capital
Amount
Ratio
Under current rules of the Federal Reserve Board, qualified trust preferred securities are one of several
“restricted” core capital elements which may be included in Tier 1 capital in an aggregate amount limited
to 25% of all core capital elements, net of goodwill less any associated deferred tax liability. Amounts of
restricted core capital elements in excess of these limits generally may be included in Tier 2 capital. Since
the Company had less than $15 billion in assets at December 31, 2015, under the Dodd-Frank Act the
Company will be able to continue to include its existing trust preferred securities in Tier 1 Capital to the
extent permitted by FRB guidelines.