Regulatory Capital Requirements (Tables)

12 Months Ended

Dec. 31, 2023

The actual and minimum capital amounts and ratios for the Bank are presented in the following table:


	Actual			For capital adequacy purposes			To be well-capitalized under prompt corrective action provisions
As of December 31, 2023
Tier 2 capital to	$	275,588,000		$	161,881,000		$	202,351,000
risk-weighted assets	13.62		%	8.00		%	10.00		%
Tier 1 capital to	$	250,289,000		$	121,410,000		$	161,881,000
risk-weighted assets	12.37		%	6.00		%	8.00		%
Common equity Tier 1 capital to	$	250,289,000		$	91,058,000		$	131,528,000
risk-weighted assets	12.37		%	4.50		%	6.50		%
Tier 1 capital to	$	250,289,000		$	118,891,000		$	148,614,000
average assets	8.43		%	4.00		%	5.00		%
As of December 31, 2022
Tier 2 capital to	$	257,671,000		$	152,467,000		$	190,583,000
risk-weighted assets	13.52		%	8.00		%	10.00		%
Tier 1 capital to	$	240,848,000		$	114,350,000		$	152,467,000
risk-weighted assets	12.64		%	6.00		%	8.00		%
Common equity Tier 1 capital to	$	240,848,000		$	85,762,000		$	123,879,000
risk-weighted assets	12.64		%	4.50		%	6.50		%
Tier 1 capital to	$	240,848,000		$	109,451,000		$	136,814,000
average assets	8.81		%	4.00		%	5.00		%

The actual and minimum capital amounts and ratios for the Company, on a consolidated basis, are presented in the following table:


	Actual			For capital adequacy purposes			To be well-capitalized under prompt corrective action provisions
As of December 31, 2023
Tier 2 capital to	$	276,402,000		$	161,881,000		n/a
risk-weighted assets	13.66		%	8.00		%	n/a
Tier 1 capital to	$	251,278,000		$	121,410,000		n/a
risk-weighted assets	12.42		%	6.00		%	n/a
Common equity Tier 1 capital to	$	251,278,000		$	91,058,000		n/a
risk-weighted assets	12.42		%	4.50		%	n/a
Tier 1 capital to	$	251,278,000		$	116,727,000		n/a
average assets	8.61		%	4.00		%	n/a
As of December 31, 2022
Tier 2 capital to	$	258,855,000		$	152,467,000		n/a
risk-weighted assets	13.58		%	8.00		%	n/a
Tier 1 capital to	$	242,032,000		$	114,350,000		n/a
risk-weighted assets	12.70		%	6.00		%	n/a
Common equity Tier 1 capital to	$	242,032,000		$	85,762,000		n/a
risk-weighted assets	12.70		%	4.50		%	n/a
Tier 1 capital to	$	242,032,000		$	107,442,000		n/a
average assets	9.01		%	4.00		%	n/a