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Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2022
Regulated Operations [Abstract]  
Schedule of Company's and Bank's Actual Capital Amounts and Ratios

The Bank’s actual capital amounts and ratios are presented in the table as of the dates indicated:

 

 

 

 

 

 

 

 

Minimum For Capital

 

Minimum To Be Well

 

 

 

 

 

 

 

Adequacy Purposes

 

Capitalized Under

 

 

 

 

 

 

 

Plus Capital

 

Prompt Corrective

 

 

Actual

 

Conservation Buffer

 

Action Provisions

 

 

Amount

 

 

Ratio

 

Amount

 

 

Ratio

 

Amount

 

 

Ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

$

138,023

 

 

16.40%

 

$

88,386

 

 

10.50%

 

$

84,177

 

 

10.00%

Tier 1 Capital (to Risk Weighted Assets)

 

 

130,421

 

 

15.49%

 

 

71,550

 

 

8.50%

 

 

67,342

 

 

8.00%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

130,421

 

 

15.49%

 

 

58,924

 

 

7.00%

 

 

54,715

 

 

6.50%

Tier 1 Capital (to Average Assets)

 

 

130,421

 

 

13.89%

 

 

37,562

 

 

4.00%

 

 

46,953

 

 

5.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

$

81,827

 

 

17.77%

 

$

48,355

 

 

10.50%

 

$

46,052

 

 

10.00%

Tier 1 Capital (to Risk Weighted Assets)

 

 

77,356

 

 

16.80%

 

 

39,144

 

 

8.50%

 

 

36,842

 

 

8.00%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

77,356

 

 

16.80%

 

 

32,236

 

 

7.00%

 

 

29,934

 

 

6.50%

Tier 1 Capital (to Average Assets)

 

 

77,356

 

 

11.83%

 

 

26,164

 

 

4.00%

 

 

32,705

 

 

5.00%

 

In addition to the above minimum requirements, the Bank is subject to a Capital Conservation Buffer requirement of 2.5%. The requirement limits capital distributions and certain discretionary bonus payments to management if the Bank does not maintain the minimum Capital Conservation Buffer. At December 31, 2022, the Bank exceeded the minimum Capital Conservation Buffer.