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Regulatory Capital Requirements (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023 and 2022 under the Basel III Capital Rules. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations:

 

 

 

December 31, 2023

 

 

December 31, 2022

 

(In Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

251,042

 

 

 

10.62

%

 

$

125,632

 

 

 

12.89

%

For capital adequacy purposes

 

 

188,807

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

To be well capitalized

 

 

236,009

 

 

 

10.00

 

 

 

97,441

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

234,533

 

 

 

9.92

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

141,605

 

 

 

6.00

 

 

 

58,465

 

 

 

6.00

 

To be well capitalized

 

 

188,807

 

 

 

8.00

 

 

 

77,953

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

234,533

 

 

 

9.92

%

 

$

120,912

 

 

 

12.41

%

For capital adequacy purposes

 

 

106,204

 

 

 

4.50

 

 

 

43,848

 

 

 

4.50

 

To be well capitalized

 

 

153,406

 

 

 

6.50

 

 

 

63,337

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

234,533

 

 

 

14.10

%

 

$

120,912

 

 

 

10.93

%

For capital adequacy purposes

 

 

66,526

 

 

 

4.00

 

 

 

44,248

 

 

 

4.00

 

To be well capitalized

 

 

83,158

 

 

 

5.00

 

 

 

55,311

 

 

 

5.00