REGULATORY MATTERS (Tables)

9 Months Ended

Sep. 30, 2019

REGULATORY MATTERS

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

The Company’s actual capital amounts (in thousands) and ratios are also presented in the following table:

									To Be Well Capitalized
					For Capital				Under Prompt Corrective
	Actual				Adequacy Purposes:				Action Provisions:
	Amount		Ratio		Amount ≥		Ratio ≥		Amount ≥	Ratio ≥
As of September 30, 2019:
Total Capital (to Risk Weighted Assets)
Consolidated	$	192,706	19.51	%	N/A	*	N/A	*	N/A	N/A
Bank		190,742	19.34	%	78,902		8.0	%	98,628	10.0	%
Tier I Capital (to Risk Weighted Assets)
Consolidated		185,856	18.82	%	N/A	*	N/A	*	N/A	N/A
Bank		183,892	18.65	%	59,177		6.0	%	78,902	8.0	%
Common Tier 1 (CET1)
Consolidated		185,856	18.82	%	N/A	*	N/A	*	N/A	N/A
Bank		183,892	18.65	%	44,383		4.5	%	64,108	6.5	%
Tier 1 Capital (to Average Assets)
Consolidated		185,856	11.68	%	N/A	*	N/A	*	N/A	N/A
Bank		183,892	11.56	%	63,605		4.0	%	79,506	5.0	%
As of December 31, 2018:
Total Capital (to Risk Weighted Assets)
Consolidated	$	166,851	18.16	%	N/A	*	N/A	*	N/A	N/A
Bank		163,339	17.80	%	73,392		8.0	%	91,740	10.0	%
Tier I Capital (to Risk Weighted Assets)
Consolidated		160,207	17.44	%	N/A	*	N/A	*	N/A	N/A
Bank		156,696	17.08	%	55,044		6.0	%	73,392	8.0	%
Common Tier 1 (CET1)
Consolidated		160,207	17.44	%	N/A	*	N/A	*	N/A	N/A
Bank		156,696	17.08	%	41,283		4.5	%	59,631	6.5	%
Tier 1 Capital (to Average Assets)
Consolidated		160,207	11.14	%	N/A	*	N/A	*	N/A	N/A
Bank		156,696	10.91	%	57,455		4.0	%	71,819	5.0	%

*  The Board of Governors of the Federal Reserve raised the threshold for determining applicable of the Small Bank Holding Company and Savings and Loan Company Policy Statement in August 2018 from $1 Billion to $3 Billion in consolidated total assets to provide regulatory burden relief, therefore, the Company is no longer subject to the minimum capital requirements.