REGULATORY CAPITAL (Tables)

12 Months Ended

Dec. 31, 2020

Regulatory Capital [Abstract]

Schedule of Regulatory Capital Amounts and Ratios

The Bank’s regulatory capital amounts and ratios are presented in the following table:

						To Be Well										For Capital
						Capitalized Under					For Capital					Adequacy Purposes
						Prompt Corrective					Adequacy					Including Capital
	Actual					Action Provisions					Purposes					Conservation Buffer (A)
(Dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
As of December 31, 2020:
Total capital
(to risk-weighted assets)	$	600,478		14.81	%	$	405,587		10.00	%	$	324,469		8.00	%	$	425,866		10.50	%
Tier I capital
(to risk-weighted assets)		549,575		13.55			324,469		8.00			243,352		6.00			344,749		8.50
Common equity tier I
(to risk-weighted assets)		549,540		13.55			263,631		6.50			182,514		4.50			283,911		7.00
Tier I capital
(to average assets)		549,575		9.71			283,083		5.00			226,466		4.00			226,466		4.00
As of December 31, 2019:
Total capital
(to risk-weighted assets)	$	571,509		13.76	%	$	415,487		10.00	%	$	332,389		8.00	%	$	436,261		10.50	%
Tier I capital
(to risk-weighted assets)		527,833		12.70			332,389		8.00			249,292		6.00			353,164		8.50
Common equity tier I
(to risk-weighted assets)		527,832		12.70			270,066		6.50			186,969		4.50			290,841		7.00
Tier I capital
(to average assets)		527,833		10.63			248,252		5.00			198,602		4.00			198,602		4.00

The Company’s regulatory capital amounts and ratios are presented in the following table:

						To Be Well							For Capital
						Capitalized Under		For Capital					Adequacy Purposes
						Prompt Corrective		Adequacy					Including Capital
	Actual					Action Provisions		Purposes					Conservation Buffer (A)
(Dollars in thousands)	Amount		Ratio			Amount	Ratio	Amount		Ratio			Amount		Ratio
As of December 31, 2020:
Total capital
(to risk-weighted assets)	$	716,210		17.67	%	N/A	N/A	$	324,322		8.00	%	$	425,673		10.50	%
Tier I capital
(to risk-weighted assets)		483,535		11.93		N/A	N/A		243,242		6.00			344,592		8.50
Common equity tier I
(to risk-weighted assets)		483,500		11.93		N/A	N/A		182,431		4.50			283,782		7.00
Tier I capital
(to average assets)		483,535		8.53		N/A	N/A		226,624		4.00			226,624		4.00
As of December 31, 2019:
Total capital
(to risk-weighted assets)	$	590,614		14.20	%	N/A	N/A	$	332,783		8.00	%	$	436,778		10.50	%
Tier I capital
(to risk-weighted assets)		463,521		11.14		N/A	N/A		249,587		6.00			353,582		8.50
Common equity tier I
(to risk-weighted assets)		463,520		11.14		N/A	N/A		187,190		4.50			291,185		7.00
Tier I capital
(to average assets)		463,521		9.33		N/A	N/A		198,792		4.00			198,792		4.00

(A) The Basel Rules require the Company and the Bank to maintain a 2.5 percent “capital conservation buffer” on top of the minimum risk-weighted asset ratios.  The capital conservation buffer is designed to absorb losses during periods of economic stress.  Banking institutions with a ratio of (i) CET1 to risk-weighted assets, (ii) Tier 1 capital to risk-weighted assets or (iii) total capital to risk-weighted assets above the respective minimum but below the capital conservation buffer face constraints on dividends, equity repurchases and discretionary bonus payments to executive officers based on the amount of the shortfall.