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Shareholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity [Abstract] |
Schedule of compliance with regulatory capital requirements | The following table presents the Company’s and the Bank’s actual capital ratios as of December 31, 2022 and December 31, 2021, as well as the minimum capital ratios for capital adequacy for the Bank.
(Dollars in thousands) |  | Actual Ratio
December 31, 2022 |  | Amount |  | Ratio
Tier 1 Leverage Ratio |  | $ | 205,154 |  |  | 8.37 | %
Common Equity Tier 1 Ratio (CET 1) |  | $ | 200,154 |  |  | 11.92 | %
Tier 1 Risk-Based Capital Ratio |  | $ | 205,154 |  |  | 12.22 | %
Total Risk-Based Capital Ratio |  | $ | 250,556 |  |  | 14.92 | %
December 31, 2021 |  |  |  |
Tier 1 Leverage Ratio |  | $ | 189,020 |  |  | 8.03 | %
Common Equity Tier 1 Ratio (CET 1) |  | $ | 184,020 |  |  | 12.48 | %
Tier 1 Risk-Based Capital Ratio |  | $ | 189,020 |  |  | 12.82 | %
Total Risk-Based Capital Ratio |  | $ | 233,034 |  |  | 15.80 | %
The following table presents the Bank’s regulatory capital ratios as of December 31, 2022 and December 31, 2021.
(Dollars in thousands) |  | Actual Ratio |  | Minimum regulatory requirement (1) |  |  |
December 31, 2022 |  | Amount |  | Ratio |  | Amount |  | Ratio |  |  |
Tier 1 Leverage Ratio |  | $ | 266,373 |  |  | 10.86 | % |  | $ | 98,075 |  |  | 4.00 | % |  |  |
Common Equity Tier 1 Ratio (CET 1) |  | $ | 266,373 |  |  | 15.87 | % |  | $ | 75,516 |  |  | 7.00 | % |  |  |
Tier 1 Risk-Based Capital Ratio |  | $ | 266,373 |  |  | 15.87 | % |  | $ | 100,688 |  |  | 8.50 | % |  |  |
Total Risk-Based Capital Ratio |  | $ | 277,331 |  |  | 16.53 | % |  | $ | 134,251 |  |  | 10.50 | % |  |  |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |
Tier 1 Leverage Ratio |  | $ | 199,329 |  |  | 8.47 | % |  | $ | 94,156 |  |  | 4.00 | % |  |  |
Common Equity Tier 1 Ratio (CET 1) |  | $ | 199,329 |  |  | 13.52 | % |  | $ | 66,355 |  |  | 7.00 | % |  |  |
Tier 1 Risk-Based Capital Ratio |  | $ | 199,329 |  |  | 13.52 | % |  | $ | 88,473 |  |  | 8.50 | % |  |  |
Total Risk-Based Capital Ratio |  | $ | 209,044 |  |  | 14.18 | % |  | $ | 117,964 |  |  | 10.50 | % |  |  |
(1) The minimum regulatory requirement threshold includes the capital conservation buffer of 2.50%. |  |  |
Schedule of computation of basic and diluted earnings per common share | A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations is as follows (in thousands, except share and per-share amounts):
|  | For the Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Basic Earnings Per Common Share: |  |  |  |  |  |
Net income |  | $ | 26,645 |  |  | $ | 28,401 |  |  | $ | 20,347 |
Weighted average shares outstanding |  | 11,715,376 |  |  | 12,237,424 |  |  | 12,534,078 |
Net income per common share |  | $ | 2.27 |  |  | $ | 2.32 |  |  | $ | 1.62 |
Diluted Earnings Per Common Share: |  |  |  |  |  |
Net income |  | $ | 26,645 |  |  | $ | 28,401 |  |  | $ | 20,347 |
Weighted average shares outstanding |  | 11,715,376 |  |  | 12,237,424 |  |  | 12,534,078 |
Effect of dilutive stock options and warrants |  | 23,698 |  |  | 44,508 |  |  | 42,241 |
Weighted average shares of common stock and common stock equivalents |  | 11,739,074 |  |  | 12,281,932 |  |  | 12,576,319 |
Net income per diluted common share |  | $ | 2.27 |  |  | $ | 2.31 |  |  | $ | 1.62 |

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- 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 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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