REGULATORY CAPITAL (Tables)

12 Months Ended

Dec. 31, 2023

REGULATORY CAPITAL

Schedule of requirements for minimum capital adequacy and classification

Actual and required capital amounts and ratios are presented below at year end (dollars in thousands):

					For				To be Well				Minimum
					Capital				Capitalized under				Capital
					Adequacy				Prompt Corrective				Conservation
	Actual				Purposes				Action Regulations				Buffer
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Ratio
At December 31, 2023
The Company
Tier 1 leverage ratio (Tier 1 capital to average assets)	$	722,844	10.6	%	$	274,064	4.0	%	$	N/A	N/A		—	%
Tier 1 common equity (to risk-weighted assets)	$	702,224	11.5	%	$	274,867	4.5	%	$	N/A	N/A		2.5	%
Tier 1 capital (to risk-weighted assets)	$	722,844	11.8	%	$	366,490	6.0	%	$	N/A	N/A		2.5	%
Total capital (to risk-weighted assets)	$	781,991	12.8	%	$	488,653	8.0	%	$	N/A	N/A		2.5	%
The Bank
Tier 1 leverage ratio (Tier 1 capital to average assets)	$	703,823	10.3	%	$	274,055	4.0	%	$	342,569	5.0	%	—	%
Tier 1 common equity (to risk-weighted assets)	$	703,823	11.5	%	$	274,838	4.5	%	$	396,989	6.5	%	2.5	%
Tier 1 capital (to risk-weighted assets)	$	703,823	11.5	%	$	366,451	6.0	%	$	488,601	8.0	%	2.5	%
Total capital (to risk-weighted assets)	$	762,969	12.5	%	$	488,601	8.0	%	$	610,752	10.0	%	2.5	%
At December 31, 2022
The Company
Tier 1 leverage ratio (Tier 1 capital to average assets)	$	641,082	10.2	%	$	250,963	4.0	%	$	N/A	N/A		—	%
Tier 1 common equity (to risk-weighted assets)	$	620,462	12.1	%	$	230,879	4.5	%	$	N/A	N/A		2.5	%
Tier 1 capital (to risk-weighted assets)	$	641,082	12.5	%	$	307,838	6.0	%	$	N/A	N/A		2.5	%
Total capital (to risk-weighted assets)	$	686,139	13.4	%	$	410,451	8.0	%	$	N/A	N/A		2.5	%
The Bank
Tier 1 leverage ratio (Tier 1 capital to average assets)	$	628,825	10.0	%	$	250,920	4.0	%	$	313,650	5.0	%	—	%
Tier 1 common equity (to risk-weighted assets)	$	628,825	12.3	%	$	230,815	4.5	%	$	333,399	6.5	%	2.5	%
Tier 1 capital (to risk-weighted assets)	$	628,825	12.3	%	$	307,753	6.0	%	$	410,337	8.0	%	2.5	%
Total capital (to risk-weighted assets)	$	673,876	13.1	%	$	410,337	8.0	%	$	512,922	10.0	%	2.5	%