CHFC 2018 Annual Report

The summary below compares the actual capital amounts and ratios with the quantitative measures established by regulation to ensure capital adequacy: Actual Minimum Required for Capital Adequacy Purposes Minimum Required for Capital Adequacy Purposes Plus Capital Conservation Buffer Required to be Well Capitalized Under Prompt Corrective Action Regulations (Dollars in thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio December 31, 2018 Total Capital to Risk-Weighted Assets Corporation $1,855,922 11.5% $1,288,363 8.0% $1,590,323 9.9% N/A N/A Chemical Bank 1,825,742 11.4 1,285,444 8.0 1,586,719 9.9 $1,606,804 10.0% Tier 1 Capital to Risk-Weighted Assets Corporation 1,723,004 10.7 966,272 6.0 1,268,232 7.9 N/A N/A Chemical Bank 1,708,724 10.6 964,083 6.0 1,265,358 7.9 1,285,444 8.0 Common Equity Tier 1 Capital to Risk- Weighted Assets Corporation 1,723,004 10.7 724,704 4.5 1,026,664 6.4 N/A N/A Chemical Bank 1,708,724 10.6 723,062 4.5 1,024,338 6.4 1,044,423 6.5 Leverage Ratio Corporation 1,723,004 8.7 793,669 4.0 793,669 4.0 N/A N/A Chemical Bank 1,708,724 8.6 792,184 4.0 792,184 4.0 990,230 5.0 December 31, 2017 Total Capital to Risk-Weighted Assets Corporation $1,614,046 11.0 % $1,179,076 8.0 % $1,363,307 9.3 % N/A N/A Chemical Bank 1,613,087 11.0 1,176,361 8.0 1,360,167 9.3 $1,470,451 10.0 % Tier 1 Capital to Risk-Weighted Assets Corporation 1,498,463 10.2 884,307 6.0 1,068,538 7.3 N/A N/A Chemical Bank 1,513,219 10.3 882,271 6.0 1,066,077 7.3 1,176,361 8.0 Common Equity Tier 1 Capital to Risk- Weighted Assets Corporation 1,498,463 10.2 663,230 4.5 847,461 5.8 N/A N/A Chemical Bank 1,513,219 10.3 661,703 4.5 845,509 5.8 955,793 6.5 Leverage Ratio Corporation 1,498,463 8.3 720,890 4.0 720,890 4.0 N/A N/A Chemical Bank 1,513,219 8.4 720,043 4.0 720,043 4.0 900,053 5.0 During the years ended December 31, 2018, 2017 and 2016, Chemical Bank paid dividends to the Corporation totaling $114.3 million, $165.0 million and $110.5 million, respectively. On January 22, 2019, a cash dividend on the Corporation's common stock of $0.34 per share was declared. The dividend will be paid on March 15, 2019 to shareholders of record as of March 1, 2019. Chemical Financial Corporation Notes to Consolidated Financial Statements December 31, 2018 161