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Regulatory Capital
 12 Months Ended
Dec. 31, 2023
Regulated Operations [Abstract]  
Regulatory Capital REGULATORY CAPITAL
Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum ratios (set forth in the following table) of total, tier 1, and common equity tier 1 capital to risk-weighted assets, and of tier 1 capital to average assets. Management believes, as of December 31, 2023 and 2022, that the Company met all capital adequacy requirements to which it is subject.

As of December 31, 2023 and 2022, the Bank was categorized as “well-capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well-capitalized” the Bank must maintain minimum total risk-based capital, tier 1 risk-based capital, common equity tier 1 risk-based capital, and tier 1 leverage ratios as set forth in the following table. In addition, the Company must maintain an additional CCB above the regulatory minimum ratio requirements. The CCB is designed to insulate banks from periods of stress and impose constraints on dividends, share repurchases and discretionary bonus payments when capital levels fall below prescribed levels.

The capital ratios are presented in the following table:
December 31, 2023December 31, 2022
EFSCBankEFSCBankTo Be Well-CapitalizedMinimum Ratio
with CCB
Common Equity Tier 1 Capital to Risk Weighted Assets11.3 %12.2 %11.1 %12.1 %6.5 %7.0 %
Tier 1 Capital to Risk Weighted Assets12.7 %12.2 %12.6 %12.1 %8.0 %8.5 %
Total Capital to Risk Weighted Assets14.2 %13.2 %14.2 %13.1 %10.0 %10.5 %
Leverage Ratio (Tier 1 Capital to Average Assets)11.0 %10.6 %10.9 %10.5 %5.0 %N/A