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REGULATORY MATTERS (Tables)
 12 Months Ended
Dec. 31, 2019
REGULATORY MATTERS  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

As the following tables indicate, at December 31, 2019 and 2018, the Company and its Bank subsidiary both exceeded minimum regulatory capital requirements as specified below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Minimum for capital

 

 

 

Actual

 

adequacy purposes

 

The Company:

    

Amount

    

Ratio

    

Amount

    

Ratio

 

December 31, 2019:

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk-Weighted Assets)

 

$

205,462

 

18.26

%  

$

90,003

 

8.00

%

Tier 1 Capital (to Risk-Weighted Assets)

 

 

197,138

 

17.52

%  

 

67,502

 

6.00

%

Common Equity Tier 1 (to Risk-Weighted Assets)

 

 

185,138

 

16.46

%  

 

50,627

 

4.50

%

Tier 1 Capital (to Average Assets)

 

 

197,138

 

15.84

%  

 

49,777

 

4.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Minimum for capital

 

 

 

Actual

 

adequacy purposes

 

The Company:

    

Amount

    

Ratio

    

Amount

    

Ratio

 

December 31, 2018:

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk-Weighted Assets)

 

$

202,675

 

19.26

%  

$

84,179

 

8.00

%

Tier 1 Capital (to Risk-Weighted Assets)

 

 

194,006

 

18.44

%  

 

63,135

 

6.00

%

Common Equity Tier 1 (to Risk-Weighted Assets)

 

 

182,006

 

17.30

%  

 

47,351

 

4.50

%

Tier 1 Capital (to Average Assets)

 

 

194,006

 

15.65

%  

 

49,576

 

4.00

%

 

Select Bank & Trust Company’s actual capital amounts and ratios are presented in the table below as of December 31, 2019 and 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

 

 

Minimum to be well

 

 

 

 

 

 

 

 

Minimum for capital

 

capitalized under prompt

 

 

 

Actual

 

adequacy purposes

 

corrective action provisions

 

The Bank:

    

Amount

    

Ratio

    

Amount

    

Ratio

    

Amount

    

Ratio

 

December 31, 2019:

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk-Weighted Assets)

 

$

177,223

 

15.69

%  

$

90,366

 

8.00

%  

112,958

 

10.00

%

Tier 1 Capital (to Risk-Weighted Assets)

 

 

168,899

 

14.95

%  

 

67,775

 

6.00

%  

90,366

 

8.00

%

Common equity Tier 1 (to Risk-Weight Assets)

 

 

168,899

 

14.95

%  

 

50,831

 

4.50

%  

73,422

 

6.50

%

Tier 1 Capital (to Average Assets)

 

 

168,899

 

13.59

%  

 

49,730

 

4.00

%  

62,162

 

5.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

 

 

 

Minimum to be well

 

 

 

 

 

 

 

 

Minimum for capital

 

capitalized under prompt

 

 

 

Actual

 

adequacy purposes

 

corrective action provisions

 

The Bank:

    

Amount

    

Ratio

    

Amount

    

Ratio

    

Amount

    

Ratio

 

December 31, 2018:

 

(dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk-Weighted Assets)

 

$

162,507

 

15.45

%  

$

84,124

 

8.00

%  

105,156

 

10.00

%

Tier 1 Capital (to Risk-Weighted Assets)

 

 

153,838

 

14.63

%  

 

63,093

 

6.00

%  

84,124

 

8.00

%

Common equity Tier 1 (to Risk-Weight Assets)

 

 

153,838

 

14.63

%  

 

47,320

 

4.50

%  

68,351

 

6.50

%

Tier 1 Capital (to Average Assets)

 

 

153,838

 

12.42

%  

 

49,557

 

4.00

%  

61,947

 

5.00

%