Shareholders' Equity and Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2022

Shareholders' Equity and Regulatory Matters

Schedule of accumulated other comprehensive income (loss)

The following table presents the cumulative balances of the components of accumulated other comprehensive income (loss), net of deferred tax benefits of $2,094,000 and $198,000 as of June 30, 2022 and December 31, 2021, respectively (in thousands):

	June 30,		December 31,
	2022		2021
Net unrealized losses on securities	$	(7,856)	$	(717)
Net unrecognized losses on defined benefit plan		(23)		(27)
Total accumulated other comprehensive loss	$	(7,879)	$	(744)

Schedule of capital amounts and ratios

The capital amounts and ratios at June 30, 2022 and December 31, 2021 for the Bank are presented in the table below (dollars in thousands):

					For Capital
					Requirements
	Actual				Including Conservation Buffer (1)				To be Well Capitalized
	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2022
Total capital (to risk- weighted assets) Village Bank	$	81,128	14.52	%	$	58,666	10.50	%	$	55,873	10.00	%
Tier 1 capital (to risk- weighted assets) Village Bank		77,705	13.91	%		47,492	8.50	%		58,666	8.00	%
Leverage ratio (Tier 1 capital to average assets) Village Bank		77,705	10.22	%		30,426	4.00	%		38,032	5.00	%
Common equity tier 1 (to risk- weighted assets) Village Bank		77,705	13.91	%		39,111	7.00	%		36,317	6.50	%
December 31, 2021
Total capital (to risk- weighted assets) Village Bank	$	77,547	14.66	%	$	55,558	10.50	%	$	52,912	10.00	%
Tier 1 capital (to risk- weighted assets) Village Bank		74,124	14.01	%		44,975	8.50	%		42,330	8.00	%
Leverage ratio (Tier 1 capital to average assets) Village Bank		74,124	9.86	%		30,068	4.00	%		37,585	5.00	%
Common equity tier 1 (to risk- weighted assets) Village Bank		74,124	14.01	%		37,038	7.00	%		34,393	6.50	%
(1) Basel III Capital Rules require banking organizations to maintain a minimum CETI ratio of 4.5%, plus a 2.5% capital conservation buffer; a minimum Tier 1 capital ratio of 6.0%, plus a 2.5% capital conservation buffer; a minimum, total risk-based capital ratio of 8.0%, plus a 2.5% conservation buffer; and a minimum Tier leverage ratio of 4.0%