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Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2021
Regulatory Matters [Abstract]  
Summary of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements

The following table summarizes the capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements at December 31, 2021 and 2020.

 

To be well

capitalized

For capital

under prompt

adequacy purposes

corrective action

Actual

minimum

provisions minimum

(dollars in thousands)

Amount

Ratio

Amount

Ratio

Amount

Ratio

As of December 31, 2021

The Bank

Total Capital (to risk weighted assets)

$

331,052

14.36

%

$

184,418

8.00

%

$

230,522

10.00

%

Tier 1 Capital (to risk weighted assets)

302,217

13.11

%

138,313

6.00

%

184,418

8.00

%

Common Equity Tier 1 Capital (to risk weighted assets)

302,217

13.11

%

103,735

4.50

%

149,839

6.50

%

Tier 1 Capital (to average assets)

302,217

10.55

%

114,537

4.00

%

143,172

5.00

%

 

The Company(1)

Total Capital (to risk weighted assets)

343,476

14.90

%

184,418

8.00

%

n/a

n/a

Tier 1 Capital (to risk weighted assets)

291,641

12.65

%

138,313

6.00

%

n/a

n/a

Common Equity Tier 1 Capital (to risk weighted assets)

278,641

12.09

%

103,735

4.50

%

n/a

n/a

Tier 1 Capital (to average assets)

291,641

10.18

%

114,555

4.00

%

n/a

n/a

 

To be well

capitalized

For capital

under prompt

adequacy purposes

corrective action

Actual

minimum

provisions minimum

(dollars in thousands)

Amount

Ratio

Amount

Ratio

Amount

Ratio

As of December 31, 2020

The Bank

Total Capital (to risk weighted assets)

$

279,414

13.92

%

$

160,554

8.00

%

$

200,693

10.00

%

Tier 1 Capital (to risk weighted assets)

254,092

12.66

%

120,416

6.00

%

160,554

8.00

%

Common Equity Tier 1 Capital (to risk weighted assets)

254,092

12.66

%

90,312

4.50

%

130,451

6.50

%

Tier 1 Capital (to average assets)

254,092

10.26

%

99,094

4.00

%

123,867

5.00

%

 

The Company(1)

Total Capital (to risk weighted assets)

288,593

14.38

%

160,554

8.00

%

n/a

n/a

Tier 1 Capital (to risk weighted assets)

240,271

11.97

%

120,416

6.00

%

n/a

n/a

Common Equity Tier 1 Capital (to risk weighted assets)

227,271

11.32

%

90,312

4.50

%

n/a

n/a

Tier 1 Capital (to average assets)

240,271

9.70

%

99,094

4.00

%

n/a

n/a

 

​(1)

Under the Federal Reserve’s Small Bank Holding Company Policy Statement, the Company is not subject to the minimum capital adequacy and capital conservation buffer capital requirements at the holding company level, unless otherwise advised by the Federal Reserve (such capital requirements are applicable only at the Bank level). Although the minimum regulatory capital requirements are not applicable to the Company, we calculate these ratios for our own planning and monitoring purposes.