REGULATORY MATTERS (Tables)

3 Months Ended

Mar. 31, 2024

Regulatory Matters

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):

	Actual					Minimum Required For Capital Adequacy Purposes					Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations
	Amount		Ratio			Amount		Ratio			Amount		Ratio
March 31, 2024
Total Capital to risk-weighted assets:	$	96,253		11.66	%	$	66,040		8	%	$	82,550		10	%
Tier 1 (Core) Capital to risk weighted assets:	$	85,913		10.40	%	$	49,565		6	%	$	66,087		8	%
Common Tier 1 Capital to risk weighted assets (CET1):	$	85,913		10.40	%	$	37,174		4.50	%	$	53,696		6.50	%
Tier 1 (Core) Capital to average assets:	$	85,913		8.78	%	$	39,140		4	%	$	48,295		5	%
	Actual					Minimum Required For Capital Adequacy Purposes					Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations
	Amount		Ratio			Amount		Ratio			Amount		Ratio
December 31, 2023
Total Capital to risk-weighted assets:	$	74,142		14.79	%	$	40,114		8	%	$	50,143		10	%
Tier 1 (Core) Capital to risk weighted assets:	$	68,032		13.57	%	$	30,086		6	%	$	40,114		8	%
Common Tier 1 Capital to risk weighted assets (CET1):	$	68,032		13.57	%	$	22,564		4.50	%	$	32,593		6.50	%
Tier 1 (Core) Capital to average assets:	$	68,032		11.66	%	$	23,347		4	%	$	29,184		5	%