v3.22.0.1

Capital Standards | 12 Months Ended
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Dec. 31, 2021
Mortgage Banking [Abstract] |
Capital Standards | Capital Standards The Company and Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can precipitate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting, and other factors. Quantitative measures established and defined by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios of Total, Tier 1 and Common Equity Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. As of December 31, 2021 and 2020, the capital levels of the Company and the Bank exceeded all applicable capital adequacy requirements. As of December 31, 2021 the most recent notification from the OCC has categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain ratios as set forth in the table. There have been no conditions or events since that notification that management believes have changed the Bank’s category. The following table presents actual and required capital ratios as of December 31, 2021 and 2020 for the Bank under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum required capital levels as of December 31, 2021 and 2020 based on the phase-in provisions of the Basel III Capital Rules. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. Note 14 - Capital Standards (continued) Based on recent changes to the Federal Reserve’s definition of a “Small Bank Holding Company” that increased the threshold to $3 billion in assets, the Company is not currently subject to separate minimum capital measurements. At such time as the Company reaches the $3 billion asset level, it will again be subject to capital measurements independent of the Bank. For comparison purposes, the Company’s ratios are presented in the following table as well, all of which would have exceeded the “well-capitalized” level had the Company been subject to separate capital minimums.
Regulatory Capital |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Actual |  | Minimum Capital Adequacy |  | To Be Well Capitalized |  | Full Phase In of Basel III
(Dollar amounts in thousands) |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage ratio (to average assets) |  | $ | 201,040 |  |  | 9.73 | % |  | $ | 82,683 |  |  | 4.00 | % |  | N/A |  | N/A |  | N/A |  | N/A
Tier 1 capital (to risk-weighted assets) |  | 201,040 |  |  | 14.43 | % |  | 83,596 |  |  | 6.00 | % |  | N/A |  | N/A |  | 118,428 |  |  | 8.50 | %
Common equity tier 1 capital ratio (to risk-weighted assets) |  | 198,978 |  |  | 14.28 | % |  | $ | 62,697 |  |  | 4.50 | % |  | N/A |  | N/A |  | 97,529 |  |  | 7.00 | %
Total capital ratio (to risk-weighted assets) |  | 228,574 |  |  | 16.41 | % |  | $ | 111,462 |  |  | 8.00 | % |  | N/A |  | N/A |  | 146,294 |  |  | 10.50 | %
The Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage ratio (to average assets) |  | $ | 169,384 |  |  | 8.36 | % |  | $ | 81,070 |  |  | 4.00 | % |  | $ | 101,338 |  |  | 5.00 | % |  | N/A |  | N/A
Tier 1 capital (to risk-weighted assets) |  | 169,384 |  |  | 12.53 | % |  | 81,097 |  |  | 6.00 | % |  | 108,130 |  |  | 8.00 | % |  | 114,888 |  |  | 8.50 | %
Common equity tier 1 capital ratio (to risk-weighted assets) |  | 169,384 |  |  | 12.53 | % |  | 60,823 |  |  | 4.50 | % |  | 87,856 |  |  | 6.50 | % |  | 94,614 |  |  | 7.00 | %
Total capital ratio (to risk-weighted assets) |  | 186,397 |  |  | 13.79 | % |  | 108,130 |  |  | 8.00 | % |  | 135,162 |  |  | 10.00 | % |  | 141,921 |  |  | 10.50 | %
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The Company |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage ratio (to average assets) |  | $ | 159,656 |  |  | 8.78 | % |  | $ | 72,770 |  |  | 4.00 | % |  | N/A |  | N/A |  | N/A |  | N/A
Tier 1 capital (to risk-weighted assets) |  | 159,656 |  |  | 13.10 | % |  | 73,100 |  |  | 6.00 | % |  | N/A |  | N/A |  | 103,559 |  |  | 8.50 | %
Common equity tier 1 capital ratio (to risk-weighted assets) |  | 157,594 |  |  | 12.94 | % |  | 54,825 |  |  | 4.50 | % |  | N/A |  | N/A |  | 85,284 |  |  | 7.00 | %
Total capital ratio (to risk-weighted assets) |  | 185,008 |  |  | 15.19 | % |  | 97,467 |  |  | 8.00 | % |  | N/A |  | N/A |  | 127,926 |  |  | 10.50 | %
The Bank |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier 1 leverage ratio (to average assets) |  | $ | 135,527 |  |  | 7.44 | % |  | $ | 72,770 |  |  | 4.00 | % |  | $ | 90,962 |  |  | 5.00 | % |  | N/A |  | 5.00 | %
Tier 1 capital (to risk-weighted assets) |  | 135,527 |  |  | 12.06 | % |  | 71,731 |  |  | 6.00 | % |  | 95,642 |  |  | 8.00 | % |  | 101,645 |  |  | 8.00 | %
Common equity tier 1 capital ratio (to risk-weighted assets) |  | 135,527 |  |  | 12.06 | % |  | 53,798 |  |  | 4.50 | % |  | 77,709 |  |  | 6.50 | % |  | 83,708 |  |  | 6.50 | %
Total capital ratio (to risk-weighted assets) |  | 150,593 |  |  | 13.40 | % |  | 95,642 |  |  | 8.00 | % |  | 119,552 |  |  | 10.00 | % |  | 125,562 |  |  | 10.00 | %

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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