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

 

 

 

December 31, 2022

 

 

December 31, 2021

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

125,632

 

 

 

12.89

%

 

$

81,355

 

 

 

11.50

%

For capital adequacy purposes

 

 

77,953

 

 

 

8.00

 

 

 

56,578

 

 

 

8.00

 

To be well capitalized

 

 

97,441

 

 

 

10.00

 

 

 

70,722

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

120,912

 

 

 

12.41

%

 

$

77,904

 

 

 

11.02

%

For capital adequacy purposes

 

 

58,465

 

 

 

6.00

 

 

 

42,433

 

 

 

6.00

 

To be well capitalized

 

 

77,953

 

 

 

8.00

 

 

 

56,578

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

120,912

 

 

 

12.41

%

 

$

77,904

 

 

 

11.02

%

For capital adequacy purposes

 

 

43,848

 

 

 

4.50

 

 

 

31,825

 

 

 

4.50

 

To be well capitalized

 

 

63,337

 

 

 

6.50

 

 

 

45,969

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

120,912

 

 

 

10.93

%

 

$

77,904

 

 

 

8.85

%

For capital adequacy purposes

 

 

44,248

 

 

 

4.00

 

 

 

35,230

 

 

 

4.00

 

To be well capitalized

 

 

55,311

 

 

 

5.00

 

 

 

44,038

 

 

 

5.00