Shareholders' Equity and Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2023

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 $2,773,000 and $2,892,000 as of June 30, 2023 and December 31, 2022, respectively (in thousands):

	June 30,		December 31,
	2023		2022
Net unrealized losses on securities	$	(10,417)	$	(10,862)
Net unrecognized losses on defined benefit plan		(14)		(19)
Total accumulated other comprehensive loss	$	(10,431)	$	(10,881)

Schedule of capital amounts and ratios

The capital amounts and ratios at June 30, 2023 and December 31, 2022 for the Bank are presented in the table below (dollars in thousands):

					Minimum Capital
					Requirements
	Actual				Including Conservation Buffer (1)				To be Well Capitalized
	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2023
Total capital (to risk- weighted assets) Village Bank	$	87,561	14.97	%	$	61,436	10.50	%	$	58,510	10.00	%
Tier 1 capital (to risk- weighted assets) Village Bank		84,028	14.36	%		49,734	8.50	%		61,436	8.00	%
Leverage ratio (Tier 1 capital to average assets) Village Bank		84,028	11.18	%		30,053	4.00	%		37,566	5.00	%
Common equity tier 1 (to risk- weighted assets) Village Bank		84,028	14.36	%		40,957	7.00	%		38,032	6.50	%
December 31, 2022
Total capital (to risk- weighted assets) Village Bank	$	84,982	14.81	%	$	60,267	10.50	%	$	57,398	10.00	%
Tier 1 capital (to risk- weighted assets) Village Bank		81,612	14.22	%		48,788	8.50	%		45,918	8.00	%
Leverage ratio (Tier 1 capital to average assets) Village Bank		81,612	10.95	%		29,805	4.00	%		37,256	5.00	%
Common equity tier 1 (to risk- weighted assets) Village Bank		81,612	14.22	%		40,178	7.00	%		37,308	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%