Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of actual capital amounts and ratios as well as minimum amounts for each regulatory defined category for the bank and the company

The Bank’s actual and required capital amounts and ratios are as follows (dollars in thousands):

											Minimum Required to Be
						Minimum Required for Capital					Well Capitalized Under Prompt
	Actual					Adequacy Purposes					Corrective Action Regulations
September 30, 2023	Amount		Ratio			Amount		Ratio			Amount		Ratio
Total Capital to risk-weighted assets	$	75,346		15.26	%		39,500		8	%		49,375		10	%
Tier 1 (Core) Capital to risk-weighted assets	$	69,144		14.00	%		29,633		6	%		39,511		8	%
Common Tier 1 Capital to risk-weighted assets (CET1)	$	69,144		14.00	%		22,225		4.50	%		32,103		6.50	%
Tier 1 (Core) Capital to average assets	$	69,144		11.80	%		23,439		4	%		29,298		5	%
											Minimum Required to Be
						Minimum Required for Capital					Well Capitalized Under Prompt
	Actual					Adequacy Purposes					Corrective Action Regulations
December 31, 2022	Amount		Ratio			Amount		Ratio			Amount		Ratio
Total Capital to risk-weighted assets	$	64,942		13.57	%	$	38,286		8	%	$	47,857		10	%
Tier 1 (Core) Capital to risk-weighted assets	$	60,163		12.57	%	$	28,717		6	%	$	38,290		8	%
Common Tier 1 Capital to risk-weighted assets (CET1)	$	60,163		12.57	%	$	21,538		4.50	%	$	31,111		6.50	%
Tier 1 (Core) Capital to average assets	$	60,163		10.34	%	$	23,274		4	%	$	29,092		5	%