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REGULATORY MATTERS (Tables)
3 Months Ended
Mar. 31, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Summary of Capital Amounts and Ratios
The following table also sets forth the Bank’s actual capital amounts and ratios:
Amount of Capital Required
To beTo be Well-
AdequatelyCapitalized under
ActualCapitalizedPCA Provisions
(dollars in thousands)AmountRatioAmountRatioAmountRatio
As of March 31, 2024:
Total Capital (to Risk-Weighted Assets)$294,620 14.12 %$166,873 8.0 %$208,592 10.0 %
Tier 1 Capital (to Risk-Weighted Assets)274,183 13.14 %125,155 6.0 %166,873 8.0 %
CET1 Capital (to Risk-Weighted Assets)274,183 13.14 %93,866 4.5 %135,584 6.5 %
Tier 1 Capital (to Average Assets)274,183 12.03 %91,196 4.0 %113,995 5.0 %
As of December 31, 2023:
Total Capital (to Risk-Weighted Assets)$289,743 13.51 %$171,575 8.0 %$214,469 10.0 %
Tier 1 Capital (to Risk-Weighted Assets)270,341 12.61 %128,681 6.0 %171,575 8.0 %
CET1 Capital (to Risk-Weighted Assets)270,341 12.61 %96,511 4.5 %139,405 6.5 %
Tier 1 Capital (to Average Assets)270,341 11.65 %92,818 4.0 %116,022 5.0 %