v3.25.4
REGULATORY CAPITAL
 12 Months Ended
Dec. 31, 2025
Regulatory Capital [Abstract]  
REGULATORY CAPITAL REGULATORY CAPITAL
The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and, additionally for the Bank, the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital requirements that involve quantitative measures of the Company and the Bank’s assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. The Company and the Bank’s capital amounts and classifications also are subject to qualitative judgments by the regulators about components, risk weightings, and other factors.
Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the following table) of total, tier 1, and common equity tier 1 capital (as defined in the regulations) to risk weighted assets, and of tier 1 capital (as defined in the regulations) to average assets. Management believes as of December 31, 2025 and 2024, the Company and the Bank met all capital adequacy requirements.
As of December 31, 2025, 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, tier 1 leverage ratios as set forth in the table below. Since that notification, there are no conditions or events that management believes have changed the institution’s category.
The Company’s actual capital amounts and ratios are presented in the following table:
Actual
For Capital
Adequacy Purposes (1)
To Be Considered
Well Capitalized
(In thousands)AmountRatioAmountRatioAmountRatio
December, 31, 2025
   Total capital to risk weighted assets$936,532 16.40 %$456,875 8.00 %N/AN/A
   Tier 1 capital to risk weighted assets812,379 14.23 %342,656 6.00 %N/AN/A
   Tier 1 capital to average assets812,379 9.36 %347,198 4.00 %N/AN/A
   Common equity tier 1 to risk weighted assets812,379 14.23 %256,992 4.50 %N/AN/A
December, 31, 2024
   Total capital to risk weighted assets$879,316 16.26 %$432,496 8.00 %N/AN/A
   Tier 1 capital to risk weighted assets751,394 13.90 %324,372 6.00 %N/AN/A
   Tier 1 capital to average assets751,394 9.00 %334,112 4.00 %N/AN/A
   Common equity tier 1 to risk weighted assets751,394 13.90 %243,279 4.50 %N/AN/A
(1)Amounts are shown exclusive of the applicable capital conservation buffer of 2.50%.
The Bank’s actual capital amounts and ratios are presented in the following table:
Actual
For Capital
Adequacy Purposes (1)
To Be Considered
Well Capitalized
(In thousands)AmountRatioAmountRatioAmountRatio
December, 31, 2025
   Total capital to risk weighted assets$890,991 15.64 %$455,612 8.00 %$569,515 10.00 %
   Tier 1 capital to risk weighted assets830,625 14.58 %341,709 6.00 %455,612 8.00 %
   Tier 1 capital to average assets830,625 9.63 %345,109 4.00 %431,387 5.00 %
Common equity tier 1 to risk weighted assets830,625 14.58 %256,282 4.50 %370,185 6.50 %
December, 31, 2024
   Total capital to risk weighted assets$829,871 15.35 %$432,493 8.00 %$540,616 10.00 %
   Tier 1 capital to risk weighted assets765,652 14.16 %324,370 6.00 %432,493 8.00 %
   Tier 1 capital to average assets765,652 9.17 %334,109 4.00 %417,637 5.00 %
   Common equity tier 1 to risk weighted assets765,652 14.16 %243,277 4.50 %351,400 6.50 %
(1)Amounts are shown exclusive of the applicable capital conservation buffer of 2.50%.