Regulatory Capital Requirements

Minimum Capital

For Classification as

Actual

Adequacy(1)

Well-Capitalized

Amount

Ratio

Amount

Ratio

Amount

Ratio

(Dollars in Thousands)

As of September 30, 2022:

Total capital (to risk-weighted assets)

$

212,881

13.86

%

$

≥

122,851

≥

8.00

%

$

≥

153,563

≥

10.00

%

Tier 1 capital (to risk-weighted assets)

207,448

13.51

≥

92,138

≥

6.00

≥

122,851

≥

8.00

Common equity tier 1 capital (to risk-weighted assets)

207,448

13.51

≥

69,104

≥

4.50

≥

99,816

≥

6.50

Core (Tier 1) capital (to adjusted total assets)

207,448

16.91

≥

49,060

≥

4.00

≥

61,325

≥

5.00

As of December 31, 2021:

Total capital (to risk-weighted assets)

$

196,155

15.28

%

$

≥

102,702

≥

8.00

%

$

≥

128,377

≥

10.00

%

Tier 1 capital (to risk-weighted assets)

190,941

14.87

≥

77,026

≥

6.00

≥

102,702

≥

8.00

Common equity tier 1 capital (to risk-weighted assets)

190,941

14.87

≥

57,770

≥

4.50

≥

83,445

≥

6.50

Core (Tier 1) capital (to adjusted total assets)

190,941

16.79

≥

45,486

≥

4.00

≥

56,857

≥

5.00