Regulatory Restrictions and Capital Ratios |
12 Months Ended |
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Dec. 31, 2020 | |
Regulatory Capital Requirements [Abstract] | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 17: REGULATORY As required by the Economic Growth, Regulatory Relief, and Consumer Reserve Board issued an interim final rule that expanded applicability statement. The interim final rule raised the policy statement’s consolidated assets for a bank holding company or savings and nonbanking activities; (2) does not conduct significant off of debt or equity securities, other than trust-preferred securities, warranted for supervisory purposes, the Federal Reserve may exclude believes the Company meets the conditions of the Federal Reserve’s therefore excluded from consolidated capital requirements at The Bank remains subject to regulatory capital requirements minimum capital requirements can initiate certain mandatory that, if undertaken, could have a direct material effect guidelines and the regulatory framework for prompt corrective action, involve quantitative measures of their assets, liabilities and certain accounting practices. The capital amounts and classification are about components, risk weightings and other factors. As of December 31, 2020, the Bank is “well capitalized” under be categorized as “well capitalized,” the Bank must maintain minimum based, and Tier 1 leverage ratios as set forth regulators that changes the Bank’s The actual capital amounts and ratios for the Bank and the aforementioned are presented below. Minimum for capital Minimum to be Actual adequacy purposes well capitalized (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio At December 31, 2020: Tier 1 Leverage Capital $ 96,096 10.32 % $ 37,263 4.00 % $ 46,579 5.00 % Common Equity Tier 1 Capital 96,096 17.27 25,042 4.50 36,171 6.50 Tier 1 Risk-Based Capital 96,096 17.27 33,389 6.00 44,519 8.00 Total Risk-Based Capital 101,906 18.31 44,519 8.00 55,648 10.00 At December 31, 2019: Tier 1 Leverage Capital $ 92,778 11.23 % $ 33,043 4.00 % $ 41,303 5.00 % Common Equity Tier 1 Capital 92,778 17.28 24,162 4.50 34,901 6.50 Tier 1 Risk-Based Capital 92,778 17.28 32,216 6.00 42,955 8.00 Total Risk-Based Capital 97,291 18.12 42,955 8.00 53,693 10.00 Dividends paid by the Bank are a principal source of funds available stockholders and for other needs. Applicable federal and state dividends that may be declared by the subsidiary bank. State declaring dividends in excess of the sum of the current year’s two years without prior approval. In addition to the formal statutes adequacy of the Bank’s total capital could further limit the availability of dividends from the Bank. At additional dividends of approximately $ 6.8 limitation, approximately $ 96.9 of dividends. |