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REGULATORY CAPITAL (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Regulatory Capital Amounts and Ratios

The Bank’s regulatory capital amounts and ratios are presented in the following table:


						To Be Well										For Capital
						Capitalized Under					For Capital					Adequacy Purposes
						Prompt Corrective					Adequacy					Including Capital
	Actual					Action Provisions					Purposes					Conservation Buffer (A)
(Dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio			Amount		Ratio
As of December 31, 2022:
Total capital
(to risk-weighted assets)	$	741,719		14.67	%	$	505,760		10.00	%	$	404,608		8.00	%	$	531,048		10.50	%

Tier I capital
(to risk-weighted assets)		680,137		13.45			404,608		8.00			303,456		6.00			429,896		8.50

Common equity tier I
(to risk-weighted assets)		680,119		13.45			328,744		6.50			227,592		4.50			354,032		7.00

Tier I capital
(to average assets)		680,137		10.85			313,328		5.00			250,662		4.00			250,662		4.00

As of December 31, 2021:
Total capital
(to risk-weighted assets)	$	672,614		14.05	%	$	478,628		10.00	%	$	382,902		8.00	%	$	502,559		10.50	%

Tier I capital
(to risk-weighted assets)		612,762		12.80			382,902		8.00			287,177		6.00			406,834		8.50

Common equity tier I
(to risk-weighted assets)		612,738		12.80			311,108		6.50			215,382		4.50			335,039		7.00

Tier I capital
(to average assets)		612,762		9.99			306,538		5.00			245,231		4.00			245,231		4.00

(A)

See footnote on following table.

The Company’s regulatory capital amounts and ratios are presented in the following table:


						To Be Well							For Capital
						Capitalized Under		For Capital					Adequacy Purposes
						Prompt Corrective		Adequacy					Including Capital
	Actual					Action Provisions		Purposes					Conservation Buffer (A)
(Dollars in thousands)	Amount		Ratio			Amount	Ratio	Amount		Ratio			Amount		Ratio
As of December 31, 2022:
Total capital
(to risk-weighted assets)	$	745,197		14.73	%	N/A	N/A	$	404,830		8.00	%	$	531,340		10.50	%

Tier I capital
(to risk-weighted assets)		557,627		11.02		N/A	N/A		303,623		6.00			430,132		8.50

Common equity tier I
(to risk-weighted assets)		557,609		11.02		N/A	N/A		227,717		4.50			354,227		7.00

Tier I capital
(to average assets)		557,627		8.90		N/A	N/A		250,746		4.00			250,746		4.00

As of December 31, 2021:
Total capital
(to risk-weighted assets)	$	700,790		14.64	%	N/A	N/A	$	382,944		8.00	%	$	502,614		10.50	%

Tier I capital
(to risk-weighted assets)		508,231		10.62		N/A	N/A		287,208		6.00			406,878		8.50

Common equity tier I
(to risk-weighted assets)		508,207		10.62		N/A	N/A		215,406		4.50			335,076		7.00

Tier I capital
(to average assets)		508,231		8.29		N/A	N/A		245,242		4.00			245,242		4.00

(A)

The Basel Rules require the Company and the Bank to maintain a 2.5 percent “capital conservation buffer” on top of the minimum risk-weighted asset ratios. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of (i) CET1 to risk-weighted assets, (ii) Tier 1 capital to risk-weighted assets or (iii) total capital to risk-weighted assets above the respective minimum but below the capital conservation buffer face constraints on dividends, equity repurchases and discretionary bonus payments to executive officers based on the amount of the shortfall.