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Regulatory Capital Requirements (Tables)
 12 Months Ended
Dec. 31, 2023
Regulatory Capital Requirements Under Banking Regulations [Abstract]  
Schedule of Compliance With Regulatory Capital Requirements Under Banking Regulations
Capital amounts and ratios for the Company as of December 31, 2023 and 2022, are presented in the following table:
Regulatory Requirement
Actual
Minimum(1)
(dollars in thousands)AmountRatioAmountRatio
December 31, 2023
Total Risk-Based Capital$384,577 18.28 %$220,905 10.50 %
Tier I Risk-Based Capital$362,799 17.24 %$178,828 8.50 %
Common Equity Tier I Capital$362,799 17.24 %$147,270 7.00 %
Tier I Leverage Capital$362,799 11.56 %$125,575 4.00 %
December 31, 2022
Total Risk-Based Capital$356,001 17.39 %N/AN/A
Tier I Risk-Based Capital$335,373 16.38 %N/AN/A
Common Equity Tier I Capital$335,373 16.38 %N/AN/A
Tier I Leverage Capital$335,373 10.71 %N/AN/A
(1)Due to the full phase-in of the CCB, these are the Basel III regulatory minimum amounts and ratios. These amounts and ratios were labeled as “Minimum Plus CCB” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and prior filings.
Capital amounts and ratios for the Bank as of December 31, 2023 and 2022, are presented in the following table:
Regulatory Requirements
Actual
Minimum(1)
Well-Capitalized(2)
(dollars in thousands)AmountRatioAmountRatioAmountRatio
December 31, 2023
Total Risk-Based Capital$378,582 18.00 %$220,850 10.50 %$210,333 10.00 %
Tier I Risk-Based Capital$356,804 16.96 %$178,783 8.50 %$168,266 8.00 %
Common Equity Tier I Capital$356,804 16.96 %$147,233 7.00 %$136,716 6.50 %
Tier I Leverage Capital$356,804 11.37 %$125,538 4.00 %$156,923 5.00 %
December 31, 2022
Total Risk-Based Capital$344,867 16.85 %$214,915 10.50 %$204,681 10.00 %
Tier I Risk-Based Capital$324,239 15.84 %$173,979 8.50 %$163,745 8.00 %
Common Equity Tier I Capital$324,239 15.84 %$143,277 7.00 %$133,043 6.50 %
Tier I Leverage Capital$324,239 10.35 %$125,252 4.00 %$156,565 5.00 %
(1)Due to the full phase-in of the CCB, these are the Basel III regulatory minimum amounts and ratios. These amounts and ratios were labeled as “Minimum Plus CCB” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and prior filings.
(2)This column refers to the prompt corrective action requirements applicable to banks.