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Regulatory Capital Requirements (Tables)
9 Months Ended
Sep. 30, 2021
Regulatory Capital Requirements Under Banking Regulations [Abstract]  
Schedule of Bank Actual and Required Capital Amounts and Ratios

The following tables present actual and required capital ratios as of September 30, 2021 and December 31, 2020 under the Basel III Capital Rules. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations:

 

 

 

September 30, 2021

 

 

December 31, 2020

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

78,409

 

 

 

11.78

%

 

$

36,484

 

 

 

14.33

%

For capital adequacy purposes

 

 

53,237

 

 

 

8.00

 

 

 

20,367

 

 

 

8.00

 

To be well capitalized

 

 

66,546

 

 

 

10.00

 

 

 

24,459

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

75,020

 

 

 

11.27

%

 

$

33,666

 

 

 

13.22

%

For capital adequacy purposes

 

 

39,928

 

 

 

6.00

 

 

 

15,275

 

 

 

6.00

 

To be well capitalized

 

 

53,237

 

 

 

8.00

 

 

 

20,367

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

75,020

 

 

 

11.27

%

 

$

33,666

 

 

 

13.22

%

For capital adequacy purposes

 

 

29,946

 

 

 

4.50

 

 

 

11,456

 

 

 

4.50

 

To be well capitalized

 

 

43,255

 

 

 

6.50

 

 

 

16,548

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

75,020

 

 

 

17.80

%

 

$

33,666

 

 

 

7.90

%

For capital adequacy purposes

 

 

16,856

 

 

 

4.00

 

 

 

17,054

 

 

 

4.00

 

To be well capitalized

 

 

21,071

 

 

 

5.00

 

 

 

21,317

 

 

 

5.00