(dollars in thousands)

Actual

Minimum Required for Capital Adequacy Purposes

Minimum Required To be Well-Capitalized Under Prompt Corrective Action Provisions

As of December 31, 2023

Amount

Ratio

Amount

Ratio

Amount

Ratio

Total Capital (to Risk- Weighted Assets)

$

66,949

17.98

%

$

29,782

8.00

%

$

37,228

10.00

%

Tier 1 Capital (to Risk- Weighted Assets)

$

62,278

16.73

%

$

22,337

6.00

%

$

29,782

8.00

%

Common Equity Tier 1 Capital to Risk-Weighted Assets

$

62,278

16.73

%

$

16,753

4.50

%

$

24,198

6.50

%

Tier 1 Capital (to Average Assets)

$

62,278

13.77

%

$

18,091

4.00

%

$

22,614

5.00

%

As of March 31, 2023

Amount

Ratio

Amount

Ratio

Amount

Ratio

Total Capital (to Risk- Weighted Assets)

$

47,809

13.45

%

$

28,432

8.00

%

$

35,540

10.00

%

Tier 1 Capital (to Risk- Weighted Assets)

$

43,355

12.20

%

$

21,324

6.00

%

$

28,432

8.00

%

Common Equity Tier 1 Capital   to Risk-Weighted Assets

$

43,355

12.20

%

$

15,993

4.50

%

$

23,101

6.50

%

Tier 1 Capital (to Average Assets)

$

43,355

10.12

%

$

17,139

4.00

%

$

21,424

5.00

%