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Capital Requirements (Tables)
12 Months Ended
Dec. 31, 2023
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of Capital Adequacy Requirements of Regulatory Capital Ratios
Under the Basel III requirements, at December 31, 2023 and December 31, 2022, the Company met all capital adequacy requirements and had regulatory capital ratios in excess of the levels established for well-capitalized institutions, as shown in the following table as of years indicated:
Actual Minimum Capital
Required - Basel III
Fully Phased-In
Required to be
Considered Well-
Capitalized
(in thousands)Amount Ratio Amount Ratio Amount Ratio
December 31, 2023
Total Capital (to risk-weighted assets):
Company$221,586 13.99 %$166,266 10.50 %$— N.A%
Bank219,043 13.91 %165,369 10.50 %157,494 10.00 %
Tier 1 Capital (to risk-weighted assets):
Company$199,395 12.59 %$134,596 8.50 %$— N.A%
Bank199,490 12.67 %133,870 8.50 %125,995 8.00 %
Common Equity Tier 1 Capital (to risk-weighted assets):
Company$154,033 9.73 %$110,844 7.00 %$— N.A%
Bank199,490 12.67 %110,246 7.00 %102,371 6.50 %
Tier 1 leverage ratio (to adjusted average assets):
Company$199,395 10.29 %$77,492 4.00 %$— N.A%
Bank199,490 10.31 %77,411 4.00 %96,763 5.00 %
December 31, 2022
Total Capital (to risk-weighted assets):
Company$222,873 13.85 %$169,025 10.50 %$— N.A%
Bank221,066 13.78 %168,431 10.50 %160,410 10.00 %
Tier 1 Capital (to risk-weighted assets):
Company$201,595 12.52 %$136,830 8.50 %$— N.A%
Bank205,318 12.80 %136,349 8.50 %128,328 8.00 %
Common Equity Tier 1 Capital (to risk-weighted assets)
Company$159,125 9.89 %$112,684 7.00 %$— N.A%
Bank205,318 12.80 %112,287 7.00 %104,267 6.50 %
Tier 1 leverage ratio:
Company$201,595 10.76 %$74,936 4.00 %$— N.A%
Bank205,318 10.85 %75,678 4.00 %94,598 5.00 %