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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of Intangible Assets

The table below shows the details of the intangible assets of the dates presented.

 

(Dollars in thousands)

 

December 31, 2019

 

 

December 31, 2018

 

Brand-related intellectual property

 

$

20,075

 

 

$

21,176

 

Home improvement contractor relationships

 

 

6,296

 

 

 

6,641

 

Race organization

 

 

26,165

 

 

 

26,165

 

Total intangible assets

 

$

52,536

 

 

$

53,982

 
Summary of the Calculation of Basic and Diluted EPS The table below shows the calculation of basic and diluted EPS.

 

 

Years Ended December 31,

 

(Dollars in thousands, except share and per share)

 

2019

 

 

2018

 

 

2017

 

Net income (loss)/net increase in net assets resulting from

   operations available to common stockholders

 

$

(1,762

)

 

$

(25,046

)

 

$

278

 

Weighted average common shares outstanding applicable

   to basic EPS

 

 

24,342,979

 

 

 

24,214,978

 

 

 

23,919,994

 

Effect of dilutive stock options

 

 

—

 

 

 

—

 

 

 

439

 

Effect of restricted stock grants

 

 

—

 

 

 

—

 

 

 

132,874

 

Adjusted weighted average common shares outstanding

   applicable to diluted EPS

 

 

24,342,979

 

 

 

24,214,978

 

 

 

24,053,307

 

Basic income (loss) per share

 

$

(0.07

)

 

$

(1.03

)

 

$

0.01

 

Diluted income (loss) per share

 

 

(0.07

)

 

 

(1.03

)

 

 

0.01

 

 
Summary of Bank's Actual Capital Amounts and Ratios, and the Regulatory Minimum Ratios The Bank’s actual capital amounts and ratios and the regulatory minimum ratios are presented in the following table.

 

 

Regulatory

 

 

 

 

 

 

 

 

 

(Dollars in  thousands)

 

Minimum

 

 

Well-Capitalized

 

 

December 31, 2019

 

 

December 31, 2018

 

Common Equity Tier 1 capital

 

 

—

 

 

 

—

 

 

$

158,187

 

 

$

141,608

 

Tier 1 capital

 

 

—

 

 

 

—

 

 

 

226,975

 

 

 

167,911

 

Total capital

 

 

—

 

 

 

—

 

 

 

241,842

 

 

 

180,917

 

Average assets

 

 

—

 

 

 

—

 

 

 

1,172,866

 

 

 

1,059,461

 

Risk-weighted assets

 

 

—

 

 

 

—

 

 

 

1,144,337

 

 

 

993,374

 

Leverage ratio (1)

 

 

4.0

%

 

 

5.0

%

 

 

19.4

%

 

 

15.8

%

Common Equity Tier 1 capital ratio (2)

 

 

7.0

 

 

 

6.5

 

 

 

13.8

 

 

 

14.3

 

Tier 1 capital ratio (3)

 

 

8.5

 

 

 

8.0

 

 

 

19.8

 

 

 

16.9

 

Total capital ratio (3)

 

 

10.5

 

 

 

10.0

 

 

 

21.1

 

 

 

18.2

 

 

(1)

Calculated by dividing Tier 1 capital by average assets.

(2)

Calculated by subtracting preferred stock or non-controlling interests from Tier 1 capital and dividing by risk-weighted assets.

(3)

Calculated by dividing Tier 1 or total capital by risk-weighted assets.