REGULATORY MATTERS (Tables)

6 Months Ended

Jun. 30, 2020

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
					Minimum Capital Required -				Under Prompt Corrective
	Actual				Basel III				Action Provisions:
(Dollars in thousands)	Amount		Ratio		Amount ≥		Ratio ≥		Amount ≥	Ratio ≥
As of June 30, 2020:
Total Capital (to Risk Weighted Assets)
Consolidated	$	228,747	22.53	%	N/A	*	N/A	*	N/A	N/A
Bank		212,995	20.98	%	106,576		10.5	%	101,501	10.0	%
Tier I Capital (to Risk Weighted Assets)
Consolidated		220,853	21.75	%	N/A	*	N/A	*	N/A	N/A
Bank		205,101	20.21	%	86,276		8.5	%	81,201	8.0	%
Common Tier 1 (CET1)
Consolidated		220,853	21.75	%	N/A	*	N/A	*	N/A	N/A
Bank		205,101	20.21	%	71,051		7.0	%	65,976	6.5	%
Tier 1 Capital (to Average Assets)
Consolidated		220,853	13.44	%	N/A	*	N/A	*	N/A	N/A
Bank		205,101	12.49	%	65,697		4.0	%	82,121	5.0	%
As of December 31, 2019:
Total Capital (to Risk Weighted Assets)
Consolidated	$	215,377	22.01	%	N/A	*	N/A	*	N/A	N/A
Bank		199,539	20.40	%	102,705		10.5	%	97,814	10.0	%
Tier I Capital (to Risk Weighted Assets)
Consolidated		208,538	21.31	%	N/A	*	N/A	*	N/A	N/A
Bank		192,700	19.70	%	83,142		8.5	%	78,251	8.0	%
Common Tier 1 (CET1)
Consolidated		208,538	21.31	%	N/A	*	N/A	*	N/A	N/A
Bank		192,700	19.70	%	68,470		7.0	%	63,579	6.5	%
Tier 1 Capital (to Average Assets)
Consolidated		208,538	12.70	%	N/A	*	N/A	*	N/A	N/A
Bank		192,700	11.74	%	65,655		4.0	%	82,069	5.0	%

*  The FRB 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.