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Regulatory Capital Requirements (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024 and December 31, 2023 under the Basel III Capital Rules. Bank capital levels required to be considered well capitalized are based upon prompt corrective action regulations.

 

 

 

March 31, 2024

 

 

December 31, 2023

 

(Dollars in Thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

260,275

 

 

 

11.04

%

 

$

251,042

 

 

 

10.62

%

For capital adequacy purposes

 

 

188,613

 

 

 

8.00

 

 

 

188,807

 

 

 

8.00

 

To be well capitalized

 

 

235,766

 

 

 

10.00

 

 

 

236,009

 

 

 

10.00

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

241,537

 

 

 

10.24

%

 

$

234,533

 

 

 

9.92

%

For capital adequacy purposes

 

 

141,459

 

 

 

6.00

 

 

 

141,605

 

 

 

6.00

 

To be well capitalized

 

 

188,613

 

 

 

8.00

 

 

 

188,807

 

 

 

8.00

 

Common equity

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

241,537

 

 

 

10.24

%

 

$

234,533

 

 

 

9.92

%

For capital adequacy purposes

 

 

106,095

 

 

 

4.50

 

 

 

106,204

 

 

 

4.50

 

To be well capitalized

 

 

153,248

 

 

 

6.50

 

 

 

153,406

 

 

 

6.50

 

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

(to average assets)

 

 

 

 

 

 

 

 

 

 

 

 

Actual

 

$

241,537

 

 

 

9.23

%

 

$

234,533

 

 

 

14.10

%

For capital adequacy purposes

 

 

104,681

 

 

 

4.00

 

 

 

66,526

 

 

 

4.00

 

To be well capitalized

 

 

130,851

 

 

 

5.00

 

 

 

83,158

 

 

 

5.00