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Regulatory Matters (Tables)
9 Months Ended
Sep. 30, 2024
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

 

 

 

 

 

 

 

(dollars in thousands)

 

 

 

 

 

As of September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

$

153,215

 

 

16.80%

 

$

95,755

 

 

10.50%

 

$

91,196

 

 

10.00%

Tier 1 Capital (to Risk Weighted Assets)

 

 

143,386

 

 

15.72%

 

 

77,516

 

 

8.50%

 

 

72,956

 

 

8.00%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

143,386

 

 

15.72%

 

 

63,837

 

 

7.00%

 

 

59,277

 

 

6.50%

Tier 1 Capital (to Average Assets)

 

 

143,386

 

 

10.67%

 

 

53,776

 

 

4.00%

 

 

67,220

 

 

5.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk Weighted Assets)

 

$

149,014

 

 

17.30%

 

$

90,440

 

 

10.50%

 

$

86,133

 

 

10.00%

Tier 1 Capital (to Risk Weighted Assets)

 

 

139,667

 

 

16.22%

 

 

73,213

 

 

8.50%

 

 

68,907

 

 

8.00%

Common Equity Tier 1 Capital (to Risk Weighted Assets)

 

 

139,667

 

 

16.22%

 

 

60,293

 

 

7.00%

 

 

55,987

 

 

6.50%

Tier 1 Capital (to Average Assets)

 

 

139,667

 

 

11.31%

 

 

49,406

 

 

4.00%

 

 

61,758

 

 

5.00%