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Regulatory Matters
 12 Months Ended
Dec. 31, 2020
Regulated Operations [Abstract]  
Regulatory Matters REGULATORY CAPITAL
Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum ratios (set forth in the following table) of total, tier 1, and common equity tier 1 capital to risk-weighted assets, and of tier 1 capital to average assets. Management believes, as of December 31, 2020 and 2019, that the Company met all capital adequacy requirements to which it is subject.

As of December 31, 2020 and 2019, the Bank was categorized 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 capital, tier 1 risk-based capital, common equity tier 1 risk-based capital, and tier 1 leverage ratios as set forth in the table. In addition, the Company must maintain an additional CCB above the regulatory minimum ratio requirements. The CCB is designed to insulate banks from periods of stress and impose constraints on dividends, share repurchases and discretionary bonus payments when capital levels fall below prescribed levels.

The capital ratios are presented in the table below:
December 31, 2020December 31, 2019
EFSCBankEFSCBankTo Be Well-CapitalizedMinimum Ratio
with CCB
Common Equity Tier 1 Capital to Risk Weighted Assets10.9 %12.5 %9.9 %11.7 %6.5 %7.0 %
Tier 1 Capital to Risk Weighted Assets12.1 %12.5 %11.4 %11.7 %8.0 %8.5 %
Total Capital to Risk Weighted Assets14.9 %13.7 %12.9 %12.4 %10.0 %10.5 %
Leverage Ratio (Tier 1 Capital to Average Assets)10.0 %10.3 %10.1 %10.3 %5.0 %4.0 %