¹ In addition to the leverage ratio, the bank must (1) not be an “advanced approaches banking organization”, (2) have total consolidated assets of $10 billion or less calculated in accordance with Call Report/FR Y-9C instructions as of the end of the most recent calendar quarter, (3) have off-balance sheet exposures of 25% or less of its assets (e.g., unused commitments, sold credit protection, off-balance sheet securitization exposures, etc.), and (4) have total trading assets and liabilities of 5% or less of its assets. For additional details on the CBLR framework, please refer to our Client Alert published on October 1, 2019 which can be found here: https://www.huntonak.com/en/insights/final-regulatory-capital-rule-capital-simplification-for-community-banks.html