v3.22.0.1

Capital Standards (Tables)

12 Months Ended

Dec. 31, 2021

Mortgage Banking [Abstract]

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations

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		%

X

- References

No definition available.

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X

- Definition

Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826

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)(1)
-URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826

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