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Regulatory Capital Requirements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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.

 

 

 

June 30, 2022

 

 

December 31, 2021

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

101,598

 

 

 

12.42

%

 

$

81,355

 

 

 

11.50

%

For capital adequacy purposes

 

 

65,422

 

 

 

8.00

 

 

 

56,578

 

 

 

8.00

 

To be well capitalized

 

 

81,777

 

 

 

10.00

 

 

 

70,722

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

97,654

 

 

 

11.94

%

 

$

77,904

 

 

 

11.02

%

For capital adequacy purposes

 

 

49,066

 

 

 

6.00

 

 

 

42,433

 

 

 

6.00

 

To be well capitalized

 

 

65,422

 

 

 

8.00

 

 

 

56,578

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

97,654

 

 

 

11.94

%

 

$

77,904

 

 

 

11.02

%

For capital adequacy purposes

 

 

36,800

 

 

 

4.50

 

 

 

31,825

 

 

 

4.50

 

To be well capitalized

 

 

53,155

 

 

 

6.50

 

 

 

45,969

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

97,654

 

 

 

10.10

%

 

$

77,904

 

 

 

8.85

%

For capital adequacy purposes

 

 

38,657

 

 

 

4.00

 

 

 

35,230

 

 

 

4.00

 

To be well capitalized

 

 

48,321

 

 

 

5.00

 

 

 

44,038

 

 

 

5.00