REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2022

REGULATORY MATTERS

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

As of December 31, 2022 the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as Well Capitalized under the regulatory framework for prompt corrective action. To be categorized as Well Capitalized, the Bank must maintain minimum total risk-based, tier 1 risk-based, common equity tier 1 risk-based and tier 1 leverage ratios as set forth in the table. There are no conditions or events since the notification that management believes have changed the Bank’s category.

(Dollars in thousands)					For Capital				Minimum Capital				To Be Well Capitalized
					Adequacy				Adequacy with				Under Prompt Corrective
	Actual				Purposes				Capital Buffer				Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2022:
Total Capital (to Risk-Weighted Assets)	$	148,223	16.15	%	$	73,429	8.00	%	$	96,375	10.50	%	$	91,786	10.00	%
Tier 1 Capital (to Risk-Weighted Assets)	$	139,881	15.24	%	$	55,071	6.00	%	$	78,018	8.50	%	$	73,429	8.00	%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)	$	139,881	15.24	%	$	41,304	4.50	%	$	64,250	7.00	%	$	59,661	6.50	%
Tier 1 Capital (to Average Assets)	$	139,881	10.38	%	$	53,908	4.00	%	$	53,908	4.00	%	$	67,385	5.00	%

(Dollars in thousands)					For Capital				Minimum Capital				To Be Well Capitalized
					Adequacy				Adequacy with				Under Prompt Corrective
	Actual				Purposes				Capital Buffer				Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio		Amount		Ratio
As of December 31, 2021:
Total Capital (to Risk-Weighted Assets)	$	139,811	16.57	%	$	67,484	8.00	%	$	88,572	10.50	%	$	84,355	10.00	%
Tier 1 Capital (to Risk-Weighted Assets)	$	130,954	15.52	%	$	50,613	6.00	%	$	71,701	8.50	%	$	67,484	8.00	%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)	$	130,954	15.52	%	$	37,960	4.50	%	$	59,048	7.00	%	$	54,831	6.50	%
Tier 1 Capital (to Average Assets)	$	130,954	10.14	%	$	51,638	4.00	%	$	51,638	4.00	%	$	64,548	5.00	%