XML 54 R36.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Shareholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Schedule of compliance with regulatory capital requirements | The following table presents the Company’s regulatory capital ratios as of December 31, 2023 and December 31, 2022:
(Dollars in thousands) |  | Actual Ratio
December 31, 2023 |  | Amount |  | Ratio
Tier 1 Leverage Ratio |  | $ | 222,567 |  |  | 9.18 | %
Common Equity Tier 1 Ratio (CET 1) |  | $ | 217,567 |  |  | 12.78 | %
Tier 1 Risk-Based Capital Ratio |  | $ | 222,567 |  |  | 13.07 | %
Total Risk-Based Capital Ratio |  | $ | 273,699 |  |  | 16.08 | %
December 31, 2022 |  |  |  |
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 | %
The following table presents the Bank’s regulatory capital ratios as of December 31, 2023 and December 31, 2022, as well as the minimum capital ratios for capital adequacy for the Bank:
(Dollars in thousands) |  | Actual Ratio |  | Minimum regulatory requirement (1) |  |  |
December 31, 2023 |  | Amount |  | Ratio |  | Amount |  | Ratio |  |  |
Tier 1 Leverage Ratio |  | $ | 285,099 |  |  | 11.75 | % |  | $ | 97,016 |  |  | 4.00 | % |  |  |
Common Equity Tier 1 Ratio (CET 1) |  | $ | 285,099 |  |  | 16.76 | % |  | $ | 76,526 |  |  | 7.00 | % |  |  |
Tier 1 Risk-Based Capital Ratio |  | $ | 285,099 |  |  | 16.76 | % |  | $ | 102,035 |  |  | 8.50 | % |  |  |
Total Risk-Based Capital Ratio |  | $ | 301,642 |  |  | 17.74 | % |  | $ | 136,047 |  |  | 10.50 | % |  |  |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
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 | % |  |  |
(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,
|  | 2023 |  | 2022 |  | 2021
Basic Earnings Per Common Share: |  |  |  |  |  |
Net income |  | $ | 25,536 |  |  | $ | 26,645 |  |  | $ | 28,401 |
Weighted average shares outstanding |  | 11,728,858 |  |  | 11,715,376 |  |  | 12,237,424 |
Net income per common share |  | $ | 2.17 |  |  | $ | 2.27 |  |  | $ | 2.32 |
Diluted Earnings Per Common Share: |  |  |  |  |  |
Net income |  | $ | 25,536 |  |  | $ | 26,645 |  |  | $ | 28,401 |
Weighted average shares outstanding |  | 11,728,858 |  |  | 11,715,376 |  |  | 12,237,424 |
Effect of dilutive stock options and warrants |  | 24,014 |  |  | 23,698 |  |  | 44,508 |
Weighted average shares of common stock and common stock equivalents |  | 11,752,872 |  |  | 11,739,074 |  |  | 12,281,932 |
Net income per diluted common share |  | $ | 2.17 |  |  | $ | 2.27 |  |  | $ | 2.31 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1B + Details
Name: | us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration