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Regulatory Capital Requirements (Tables)
3 Months Ended
Mar. 31, 2022
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 March 31, 2022 and December 31, 2021 under the Basel III Capital Rules. Bank capital levels required to be considered well capitalized are based upon prompt corrective action regulations.

 

 

 

March 31, 2022

 

 

December 31, 2021

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

82,840

 

 

 

11.14

%

 

$

81,355

 

 

 

11.50

%

For capital adequacy purposes

 

 

59,464

 

 

 

8.00

 

 

 

56,578

 

 

 

8.00

 

To be well capitalized

 

 

74,330

 

 

 

10.00

 

 

 

70,722

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

79,343

 

 

 

10.67

%

 

$

77,904

 

 

 

11.02

%

For capital adequacy purposes

 

 

44,598

 

 

 

6.00

 

 

 

42,433

 

 

 

6.00

 

To be well capitalized

 

 

59,464

 

 

 

8.00

 

 

 

56,578

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

79,343

 

 

 

10.67

%

 

$

77,904

 

 

 

11.02

%

For capital adequacy purposes

 

 

33,449

 

 

 

4.50

 

 

 

31,825

 

 

 

4.50

 

To be well capitalized

 

 

48,315

 

 

 

6.50

 

 

 

45,969

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

79,343

 

 

 

8.71

%

 

$

77,904

 

 

 

8.85

%

For capital adequacy purposes

 

 

36,457

 

 

 

4.00

 

 

 

35,230

 

 

 

4.00

 

To be well capitalized

 

 

45,572

 

 

 

5.00

 

 

 

44,038

 

 

 

5.00