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Regulatory Matters
12 Months Ended
Dec. 31, 2021
Regulatory Matters [Abstract]  
Regulatory Matters 15.REGULATORY MATTERSThe Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. Prompt corrective action provisions are not applicable to bank holding companies.Under these guidelines, assets and certain off-balance sheet items are assigned to broad risk categories, each with appropriate weights. The resulting capital ratios represent capital as a percentage of total risk-weighted assets. The guidelines require all banks and bank holding companies to maintain a minimum ratio of total risk-based capital to total risk-weighted assets (Total Risk Adjusted Capital) of 8%, including Tier I common equity to total risk-weighted assets (Tier I Common Equity) of 4.5%, Tier I capital to total risk-weighted assets (Tier I Capital) of 6% and Tier I capital to average total assets (Leverage Ratio) of at least 4%. A capital conservation buffer, comprised of common equity Tier I capital, is also established above the regulatory minimum capital requirements of 2.50%. As of December 31, 2021 and 2020, the Company and the Bank exceeded all capital adequacy requirements to which it was subject.‎ The following table reflects the actual and required capital and the related capital ratios as of the periods indicated. No amounts were deducted from capital for interest-rate risk in either 2021 or 2020. For capital adequacy To be well capitalized For capital purposes with capital under prompt corrective Actualadequacy purposes conservation buffer* action provisions(dollars in thousands)Amount RatioAmountRatio AmountRatio AmountRatioAs of December 31, 2021: Total capital (to risk-weighted assets) Consolidated$ 205,667  14.5%≥ $ 113,421  8.0%≥ $ 148,866  10.5% N/A N/ABank$ 205,726  14.5%≥ $ 113,406  8.0%≥ $ 148,845  10.5% ≥ $ 141,757  10.0% Tier 1 common equity (to risk-weighted assets) Consolidated$ 189,980  13.4%≥ $ 63,800  4.5%≥ $ 99,244  7.0% N/A N/ABank$ 190,039  13.4%≥ $ 63,791  4.5%≥ $ 99,230  7.0% ≥$ 92,142  6.5% Tier I capital (to risk-weighted assets) Consolidated$ 189,980  13.4%≥ $ 85,066  6.0%≥ $ 120,510  8.5% N/A N/ABank$ 190,039  13.4%≥ $ 85,054  6.0%≥ $ 120,493  8.5% ≥$ 113,406  8.0% Tier I capital (to average assets) Consolidated$ 189,980  7.9%≥$ 95,688  4.0%≥$ 95,688  4.0% N/A N/ABank$ 190,039  7.9%≥$ 95,680  4.0%≥$ 95,680  4.0% ≥$ 119,600  5.0% As of December 31, 2020: Total capital (to risk-weighted assets) Consolidated$ 161,199  16.5%≥ $ 78,356  8.0%≥ $ 102,842  10.5% N/A N/ABank$ 161,145  16.5%≥ $ 78,342  8.0%≥ $ 102,823  10.5% ≥ $ 97,927  10.0% Tier 1 common equity (to risk-weighted assets) Consolidated$ 148,931  15.2%≥ $ 44,075  4.5%≥ $ 68,562  7.0% N/A N/ABank$ 148,879  15.2%≥ $ 44,067  4.5%≥ $ 68,549  7.0% ≥$ 63,653  6.5% Tier I capital (to risk-weighted assets) Consolidated$ 148,931  15.2%≥ $ 58,767  6.0%≥ $ 83,253  8.5% N/A N/ABank$ 148,879  15.2%≥ $ 58,756  6.0%≥ $ 83,238  8.5% ≥$ 78,342  8.0% Tier I capital (to average assets) Consolidated$ 148,931  8.8%≥$ 67,584  4.0%≥$ 67,584  4.0% N/A N/ABank$ 148,879  8.8%≥$ 67,584  4.0%≥$ 67,584  4.0% ≥$ 84,479  5.0% * The minimums under Basel III increased to include the capital conservation buffer of 2.50%. The Company’s principal source of funds for dividend payments is dividends received from the Bank. Banking regulations and Pennsylvania law limit the amount of dividends that may be paid from the Bank to the Company without prior approval of regulatory agencies. Accordingly, at December 31, 2021, approximately $114.6 million was available for dividend distribution from the Bank to the Company in 2021. ‎