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Regulatory Capital Requirements (Tables)
9 Months Ended
Sep. 30, 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 September 30, 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.

 

 

 

September 30, 2023

 

 

December 31, 2022

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

133,547

 

 

 

12.92

%

 

$

125,632

 

 

 

12.89

%

For capital adequacy purposes

 

 

82,664

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

To be well capitalized

 

 

103,331

 

 

 

10.00

 

 

 

97,441

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

127,823

 

 

 

12.37

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

61,998

 

 

 

6.00

 

 

 

58,465

 

 

 

6.00

 

To be well capitalized

 

 

82,664

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

127,823

 

 

 

12.37

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

46,499

 

 

 

4.50

 

 

 

43,848

 

 

 

4.50

 

To be well capitalized

 

 

67,165

 

 

 

6.50

 

 

 

63,337

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

127,823

 

 

 

10.71

%

 

$

120,912

 

 

 

10.93

%

For capital adequacy purposes

 

 

47,727

 

 

 

4.00

 

 

 

44,248

 

 

 

4.00

 

To be well capitalized

 

 

59,658

 

 

 

5.00

 

 

 

55,311

 

 

 

5.00