REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2019

REGULATORY MATTERS

Schedule of the Corporation's and the Bank's actual and capital amounts and ratios compared to generally applicable regulatory requirements

The tables below do not include the 2.5% capital conservation buffer requirement.  A bank with a capital conservation buffer greater than 2.5% of risk-weighted assets would not be restricted by payout limitations.  However, if the 2.5% threshold is not met, the Bank would be subject to increasing limitations on capital distributions and discretionary bonus payments to executive officers as the capital conservation buffer approaches zero.  The Corporation’s and the Bank’s actual capital and ratios compared to generally applicable regulatory requirements as of December 31, 2019 are as follows (dollars in thousands):

					Minimum for Capital
	Actual				Adequacy Purposes					Well-Capitalized
	Amount		Ratio		Amount			Ratio		Amount		Ratio
Total capital to risk weighted assets:
Consolidated	$	138,263	13.2%	>	$	83,696	>	8.0%	>		N/A	N/A
mBank	$	136,578	13.1%	>	$	83,681	>	8.0%	>	$	104,601	10.0%
Tier 1 capital to risk weighted assets:
Consolidated	$	132,955	12.7%	>	$	62,772	>	6.0%	>		N/A	N/A
mBank	$	131,311	12.6%	>	$	62,761	>	6.0%	>	$	83,681	8.0%
Common equity Tier 1 capital to risk weighted assets
Consolidated	$	132,955	12.7%	>	$	47,079	>	4.5%	>		N/A	N/A
mBank	$	131,311	12.6%	>	$	47,071	>	4.5%	>	$	67,991	6.5%
Tier 1 capital to average assets:
Consolidated	$	132,955	10.1%	>	$	52,724	>	4.0%	>		N/A	N/A
mBank	$	131,311	10.0%	>	$	52,728	>	4.0%	>	$	65,910	5.0%

The Corporation’s and the Bank’s actual capital and ratios compared to generally applicable regulatory requirements as of December 31, 2018 are as follows (dollars in thousands):

					Minimum for Capital
	Actual				Adequacy Purposes					Well-Capitalized
	Amount		Ratio		Amount			Ratio		Amount		Ratio
Total capital to risk weighted assets:
Consolidated	$	124,207	12.5%	>	$	79,705	>	8.0%	>		N/A	N/A
mBank	$	121,406	12.2%	>	$	79,464	>	8.0%	>	$	99,329	10.0%
Tier 1 capital to risk weighted assets:
Consolidated	$	119,024	12.0%	>	$	59,779	>	6.0%	>		N/A	N/A
mBank	$	116,264	11.7%	>	$	59,598	>	6.0%	>	$	79,464	8.0%
Common equity Tier 1 capital to risk weighted assets
Consolidated	$	119,024	12.0%	>	$	44,834	>	4.5%	>		N/A	N/A
mBank	$	116,264	11.7%	>	$	44,698	>	4.5%	>	$	64,564	6.5%
Tier 1 capital to average assets:
Consolidated	$	119,024	9.2%	>	$	51,552	>	4.0%	>		N/A	N/A
mBank	$	116,264	9.0%	>	$	51,556	>	4.0%	>	$	64,445	5.0%