Regulatory Capital Requirements (Tables)

9 Months Ended

Sep. 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 September 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. The table below does not include any additional capital as a result of the initial public offering discussed in Note 1. The Company did not contribute any of the offering proceeds to the Bank during the third quarter of 2022, but did contribute $20,000 in capital to the Bank during October 2022.

	September 30, 2022					December 31, 2021
(In Thousands)	Amount		Ratio			Amount		Ratio
Total capital
(to risk-weighted assets)
Actual	$	104,487		11.55	%	$	81,355		11.50	%
For capital adequacy purposes		72,358		8.00			56,578		8.00
To be well capitalized		90,448		10.00			70,722		10.00
Tier 1 capital
(to risk-weighted assets)
Actual	$	99,864		11.04	%	$	77,904		11.02	%
For capital adequacy purposes		54,269		6.00			42,433		6.00
To be well capitalized		72,358		8.00			56,578		8.00
Common equity
(to risk-weighted assets)
Actual	$	99,864		11.04	%	$	77,904		11.02	%
For capital adequacy purposes		40,702		4.50			31,825		4.50
To be well capitalized		58,791		6.50			45,969		6.50
Tier 1 capital
(to average assets)
Actual	$	99,864		9.74	%	$	77,904		8.85	%
For capital adequacy purposes		41,015		4.00			35,230		4.00
To be well capitalized		51,269		5.00			44,038		5.00