Regulatory Capital Requirements (Tables)

9 Months Ended

Sep. 30, 2020

Regulatory Capital Requirements

Schedule of Compliance with Regulatory Capital Requirements for Mortgage Companies

The following is a comparison of the Company’s regulatory capital to minimum capital requirements at September 30, 2020 and December 31, 2019:

(Dollars in thousands)					For capital
	Actual				adequacy purposes
	Amount		Ratio		Amount		Ratio (1)
As of September 30, 2020
Leverage	$	116,240		10.40%	$	44,715		4.0%
Common Equity Tier 1 Capital		95,240		13.19%		50,533		7.0%
Tier 1 Capital		116,240		16.10%		61,361		8.5%
Total Risk Based Capital		124,746		17.28%		75,799		10.5%
As of December 31, 2019
Leverage	$	106,938		10.94%	$	39,109		4.0%
Common Equity Tier 1 Capital		85,938		13.09%		45,952		7.0%
Tier 1 Capital		106,938		16.29%		55,799		8.5%
Total Risk Based Capital		113,545		17.30%		68,928		10.5%

(1) The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.

Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulations

The following is a comparison of the Bank’s regulatory capital to minimum capital requirements at September 30, 2020 and December 31, 2019:

									To be well-capitalized
									under prompt
(Dollars in thousands)					For capital				corrective
	Actual				adequacy purposes				action provisions
	Amount		Ratio		Amount		Ratio(1)		Amount		Ratio
As of September 30, 2020
Leverage	$	113,659		10.20%	$	44,592		4.0%	$	55,740		5.0%
Common Equity Tier 1 Capital		113,659		15.76%		50,490		7.0%		46,884		6.5%
Tier 1 Capital		113,659		15.76%		61,310		8.5%		57,703		8.0%
Total Risk Based Capital		122,165		16.94%		75,736		10.5%		72,129		10.0%
As of December 31, 2019
Leverage	$	104,510		10.72%	$	38,984		4.0%	$	48,730		5.0%
Common Equity Tier 1 Capital		104,510		15.94%		45,884		7.0%		42,607		6.5%
Tier 1 Capital		104,510		15.94%		55,716		8.5%		52,439		8.0%
Total Risk Based Capital		111,117		16.95%		68,826		10.5%		65,549		10.0%

(1) The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.