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Capital and Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2021
Capital and Regulatory Matters [Abstract]  
Actual and Required Capital Amounts and Ratios
City First Bank, N.A. elected to adopt the CBLR option on April 1, 2020 as reflected in its June 30, 2020  Call Report. Its CBLR as of December 31, 2021 is shown in the table below. The Company’s former subsidiary, Broadway Federal Bank, f.s.b., did not elect to adopt the CBLR and reported the December 31, 2020 capital ratios as shown in the table below.
 
   
Actual
   
Minimum Capital
Requirements
   
Minimum Required to
Be Well Capitalized
Under Prompt
Corrective Action
Provisions
 
   
Amount
   
Ratio
   
Amount
   
Ratio
   
Amount
   
Ratio
 
   
(Dollars in thousands)
 
December 31, 2021:
                                   
Community Bank Leverage Ratio (1)
 
$
98,590
     
9.32
%
        $      
$
89,871
     
8.50
%
December 31, 2020:
                                             
Tier 1 (Leverage)
 
$
46,565
     
9.54
%
 
$
19,530
     
4.00
%
 
$
24,413
     
5.00
%
Common Equity Tier 1
 
$
46,565
     
18.95
%
 
$
11,059
     
4.50
%
 
$
15,975
     
6.50
%
Tier 1
 
$
46,565
     
18.95
%
 
$
14,746
     
6.00
%
 
$
19,661
     
8.00
%
Total Capital
 
$
49,802
     
20.20
%
 
$
19,661
     
8.00
%
 
$
24,577
     
10.00
%
 


(1)
At the Merger on April 1, 2021, the Company’s former subsidiary, Broadway Federal Bank, f.s.b., was merged into City First Bank of D.C, N. A., with City First Bank of D.C, N.A. as the surviving entity and the resultant bank being named City First Bank, National Association, which had elected to adopt Community Bank Leverage Ratio option on April 1, 2020 as reflected in its june 30, 2020 Call Report.