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Regulatory Capital Requirements
6 Months Ended
Jun. 30, 2022
Regulatory Capital Requirements [Abstract]  
Regulatory Capital Requirements

Note 12 – Regulatory Capital Requirements

The following table presents our capital ratios as of June 30, 2022 and December 31, 2021.

    

June 30,
2022

    

December 31,
2021

    

Required for
Capital
Adequacy
Purposes

    

Required
to be Well
Capitalized

 

Total Capital (to risk-weighted assets)

First United Bank & Trust

14.64

%  

14.97

%  

8.00

%  

10.00

%

Tier 1 Capital (to risk-weighted assets)

First United Bank & Trust

13.46

%  

13.72

%  

6.00

%  

8.00

%

Common Equity Tier 1 Capital (to risk-weighted assets)

First United Bank & Trust

13.46

%  

13.72

%  

4.50

%  

6.50

%

Tier 1 Capital (to average assets)

First United Bank & Trust

10.40

%  

10.00

%  

4.00

%  

5.00

%

As of June 30, 2022 and December 31, 2021, the Bank was considered “well capitalized” under the regulatory framework for prompt corrective action.