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Regulatory Capital Requirements (Tables)
3 Months Ended
Mar. 31, 2023
Regulatory Capital Requirements Under Banking Regulations [Abstract]  
Schedule of Bank Actual and Required Capital Amounts and Ratios

The following table presents actual and required capital ratios as of March 31, 2023 and December 31, 2022 under the Basel III Capital Rules. Bank capital levels required to be considered well capitalized are based upon prompt corrective action regulations.

 

 

 

March 31, 2023

 

 

December 31, 2022

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

135,442

 

 

 

13.53

%

 

$

125,632

 

 

 

12.89

%

For capital adequacy purposes

 

 

80,052

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

To be well capitalized

 

 

100,065

 

 

 

10.00

 

 

 

97,441

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

123,328

 

 

 

12.32

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

60,039

 

 

 

6.00

 

 

 

58,465

 

 

 

6.00

 

To be well capitalized

 

 

80,052

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

123,328

 

 

 

12.32

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

45,029

 

 

 

4.50

 

 

 

43,848

 

 

 

4.50

 

To be well capitalized

 

 

65,042

 

 

 

6.50

 

 

 

63,337

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

123,328

 

 

 

10.78

%

 

$

120,912

 

 

 

10.93

%

For capital adequacy purposes

 

 

45,759

 

 

 

4.00

 

 

 

44,248

 

 

 

4.00

 

To be well capitalized

 

 

57,199

 

 

 

5.00

 

 

 

55,311

 

 

 

5.00