Regulatory Capital Requirements

Minimum Capital

For Classification as

Actual

Adequacy(1)

Well-Capitalized

Amount

Ratio

Amount

Ratio

Amount

Ratio

(Dollars in Thousands)

As of March 31, 2023:

Total capital (to risk-weighted assets)

$

237,412

14.11

%

$

≥

134,605

≥

8.00

%

$

≥

168,256

≥

10.00

%

Tier 1 capital (to risk-weighted assets)

231,855

13.78

≥

100,954

≥

6.00

≥

134,605

≥

8.00

Common equity tier 1 capital (to risk-weighted assets)

231,855

13.78

≥

75,715

≥

4.50

≥

109,367

≥

6.50

Core (Tier 1) capital (to adjusted total assets)

231,855

16.21

≥

57,202

≥

4.00

≥

71,503

≥

5.00

As of December 31, 2022:

Total capital (to risk-weighted assets)

$

222,728

13.66

%

$

≥

130,429

≥

8.00

%

$

≥

163,036

≥

10.00

%

Tier 1 capital (to risk-weighted assets)

217,283

13.33

≥

97,822

≥

6.00

≥

130,429

≥

8.00

Common equity tier 1 capital (to risk-weighted assets)

217,283

13.33

≥

73,366

≥

4.50

≥

105,973

≥

6.50

Core (Tier 1) capital (to adjusted total assets)

217,283

16.50

≥

52,687

≥

4.00

≥

65,858

≥

5.00