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Equity and Regulatory Matters (Tables)
6 Months Ended
Jun. 30, 2024
Text Block [Abstract]  
Schedule of Banks Actual and Required Capital Amounts and Ratios

The Bank’s actual and required capital amounts and ratios are presented below:

 

 

June 30, 2024

 

 

Actual

 

 

For Capital Adequacy Purposes

 

 

To Be Well Capitalized Under Prompt Corrective Action Provisions

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

(dollars in thousands)

 

PyraMax Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leverage (Tier 1)

 

$

62,979

 

 

 

11.2

%

 

$

22,591

 

 

 

4.0

%

 

$

28,239

 

 

 

5.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk-based:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1

 

 

62,979

 

 

 

14.7

%

 

 

19,332

 

 

 

4.5

%

 

 

27,924

 

 

 

6.5

%

Tier 1

 

 

62,979

 

 

 

14.7

%

 

 

25,776

 

 

 

6.0

%

 

 

34,368

 

 

 

8.0

%

Total

 

 

67,852

 

 

 

15.8

%

 

 

34,368

 

 

 

8.0

%

 

 

42,960

 

 

 

10.0

%

 

 

December 31, 2023

 

 

Actual

 

 

For Capital Adequacy Purposes

 

 

To Be Well Capitalized Under Prompt Corrective Action Provisions

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

(dollars in thousands)

 

PyraMax Bank

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leverage (Tier 1)

 

$

63,101

 

 

 

11.2

%

 

$

22,574

 

 

 

4.0

%

 

$

28,217

 

 

 

5.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk-based:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1

 

 

63,101

 

 

 

15.1

%

 

 

18,751

 

 

 

4.5

%

 

 

27,085

 

 

 

6.5

%

Tier 1

 

 

63,101

 

 

 

15.1

%

 

 

25,002

 

 

 

6.0

%

 

 

33,336

 

 

 

8.0

%

Total

 

 

67,710

 

 

 

16.2

%

 

 

33,336

 

 

 

8.0

%

 

 

41,670

 

 

 

10.0

%