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Regulatory Matters
3 Months Ended
Mar. 31, 2022
Regulatory Matters [Abstract]  
Regulatory Matters
Note 8:
 
Regulatory Matters
The Company and the Bank are subject to various regulatory capital requirements
 
administered by the federal banking agencies.
Failure to meet minimum capital requirements can initiate certain mandatory
 
and possibly additional discretionary actions by regulators
that, if undertaken, could have a direct material effect on the Company’s consolidated
 
financial statements. Management believes that,
as of March 31, 2022, the Company and the Bank met all capital adequacy requirements
 
to which they are subject.
The capital rules require the Company to maintain a
2.5
% capital conservation buffer with respect to Common Equity Tier I
capital, Tier I capital to risk-weighted assets, and total capital to risk-weighted assets, which
 
is included in the column “Minimum
Capital Required - Basel III” within the table below. A financial institution with a conservation buffer of less than the required amount is
subject to limitations on capital distributions, including dividend payments and
 
stock repurchases, as well as certain discretionary bonus
payments to executive officers.
 
The Company and the Bank opted to exclude AOCI from the regulatory capital calculations. As a result, change in AOCI,
including the recent decrease in the available-for-sale securities portfolio, net
 
of tax, did not impact the Company’s or Bank’s capital
ratios.
The Company’s and the Bank’s actual capital amounts and ratios as of March
 
31, 2022 and December 31, 2021 are presented in
the following table:
Actual
Minimum Capital
 
Required - Basel III
Required to be Considered
Well Capitalized
Amount
Ratio
Amount
Ratio
Amount
Ratio
(Dollars in thousands)
March 31, 2022
Total Capital to Risk-Weighted Assets
Consolidated
$
704,612
13.0
%
$
568,675
10.5
%
 
N/A
N/A
Bank
698,888
12.9
567,544
10.5
$
540,518
10.0
%
Tier I Capital to Risk-Weighted Assets
Consolidated
644,506
11.9
460,356
8.5
N/A
N/A
Bank
638,782
11.8
459,440
8.5
432,414
8.0
Common Equity Tier 1 to Risk-Weighted Assets
Consolidated
643,484
11.9
379,117
7.0
 
N/A
N/A
Bank
638,782
11.8
378,363
7.0
351,337
6.5
Tier I Capital to Average Assets
Consolidated
644,506
11.6
222,092
4.0
N/A
N/A
Bank
$
638,782
11.5
%
$
222,000
4.0
%
$
277,500
5.0
%
December 31, 2021
Total Capital to Risk-Weighted Assets
Consolidated
$
704,544
13.6
%
$
544,060
10.5
%
N/A
N/A
Bank
681,980
13.2
543,708
10.5
$
517,817
10.0
%
Tier I Capital to Risk-Weighted Assets
Consolidated
646,169
12.5
440,430
8.5
 
N/A
N/A
Bank
623,605
12.0
440,144
8.5
414,253
8.0
Common Equity Tier 1 to Risk-Weighted Assets
Consolidated
645,160
12.5
362,707
7.0
N/A
N/A
Bank
623,605
12.0
362,472
7.0
336,581
6.5
Tier I Capital to Average Assets
Consolidated
646,169
11.8
218,510
4.0
 
N/A
N/A
Bank
$
623,605
11.4
%
$
218,366
4.0
%
$
272,958
5.0
%