Regulatory Matters

12 Months Ended

Dec. 31, 2022

Regulated Operations [Abstract]

Regulatory Matters

Regulatory Matters

The Company and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. These capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require that minimum amounts and ratios of total, Tier 1, and common equity Tier 1capital to risk-weighted assets, and of Tier 1 capital to average assets be maintained. Under applicable capital requirements both the Company and the Bank are required to have a common equity Tier 1 capital ratio of 4.5%, a Tier 1 leverage ratio of 4.0%, a Tier 1 risk-based ratio of 6.0% and a total risk-based ratio of 8.0%. In addition, the Company and the Bank are also required to maintain a capital conservation buffer consisting of common equity Tier 1 capital above 2.5% of minimum risk based capital ratios to avoid restrictions on certain activities including payment of dividends, stock repurchases and discretionary bonuses to executive officers. The additional 2.5% buffer, where applicable, is included in the minimum ratios set forth in the table below. Management believes as of December 31, 2022 and 2021, the Company and Bank meet all capital adequacy requirements to which they are subject.

	Actual				Required for Capital Adequacy Purposes				Required to be Considered Well Capitalized Under Prompt Corrective Action Regulations
(in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2022:
Total Capital (to Risk Weighted Assets):
Consolidated	$	1,115,257	14.19	%	$	825,234	10.50	%	N/A		N/A
Tri Counties Bank	$	1,107,941	14.10	%	$	825,039	10.50	%	$	785,751	10.00	%
Tier 1 Capital (to Risk Weighted Assets):
Consolidated	$	974,325	12.40	%	$	668,047	8.50	%	N/A		N/A
Tri Counties Bank	$	1,009,577	12.85	%	$	667,888	8.50	%	$	628,601	8.00	%
Common equity Tier 1 Capital (to Risk Weighted Assets):
Consolidated	$	917,565	11.67	%	$	550,156	7.00	%	N/A		N/A
Tri Counties Bank	$	1,009,577	12.85	%	$	550,026	7.00	%	$	510,738	6.50	%
Tier 1 Capital (to Average Assets):
Consolidated	$	974,325	10.14	%	$	384,337	4.00	%	N/A		N/A
Tri Counties Bank	$	1,009,577	10.51	%	$	384,146	4.00	%	$	480,183	5.00	%

	Actual				Required for Capital Adequacy Purposes				Required to be Considered Well Capitalized Under Prompt Corrective Action Regulations
(in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2021:
Total Capital (to Risk Weighted Assets):
Consolidated	$	893,294	15.42	%	$	608,258	10.50	%	N/A		N/A
Tri Counties Bank	$	884,255	15.28	%	$	607,610	10.50	%	$	578,676	10.00	%
Tier 1 Capital (to Risk Weighted Assets):
Consolidated	$	820,654	14.17	%	$	492,399	8.50	%	N/A		N/A
Tri Counties Bank	$	811,713	14.03	%	$	491,875	8.50	%	$	462,941	8.00	%
Common equity Tier 1 Capital (to Risk Weighted Assets):
Consolidated	$	764,319	13.19	%	$	405,505	7.00	%	N/A		N/A
Tri Counties Bank	$	811,713	14.03	%	$	405,073	7.00	%	$	376,140	6.50	%
Tier 1 Capital (to Average Assets):
Consolidated	$	820,654	9.88	%	$	332,205	4.00	%	N/A		N/A
Tri Counties Bank	$	811,713	9.77	%	$	332,196	4.00	%	$	415,245	5.00	%