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Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of compliance with regulatory capital requirements

The following table presents the Company’s regulatory capital ratios as of December 31, 2024 and December 31, 2023:

(Dollars in thousands)						Actual Ratio												Minimum regulatory requirement (1)
December 31, 2024						Amount						Ratio						Amount						Ratio
Tier 1 Leverage Ratio						$	316,343					9.17		%				$	138,018					4.00		%
Common Equity Tier 1 Ratio (CET 1)						$	311,343					11.15		%				$	125,632					4.50		%
Tier 1 Risk-Based Capital Ratio						$	316,343					11.33		%				$	167,510					6.00		%
Total Risk-Based Capital Ratio						$	379,091					13.58		%				$	223,346					8.00		%
December 31, 2023
Tier 1 Leverage Ratio						$	222,567					9.18		%				$	98,048					4.00		%
Common Equity Tier 1 Ratio (CET 1)						$	217,567					12.78		%				$	75,561					4.50		%
Tier 1 Risk-Based Capital Ratio						$	222,567					13.07		%				$	100,748					6.00		%
Total Risk-Based Capital Ratio						$	273,699					16.08		%				$	134,330					8.00		%
(1) The minimum regulatory requirement threshold includes the capital conservation buffer of 2.50%.

The following table presents the Bank’s regulatory capital ratios as of December 31, 2024 and December 31, 2023, as well as the minimum capital ratios for capital adequacy for the Bank:

(Dollars in thousands)						Actual Ratio												Minimum regulatory requirement (1)
December 31, 2024						Amount						Ratio						Amount						Ratio
Tier 1 Leverage Ratio						$	377,411					11.04		%				$	138,031					4.00		%
Common Equity Tier 1 Ratio (CET 1)						$	377,411					13.54		%				$	125,474					7.00		%
Tier 1 Risk-Based Capital Ratio						$	377,411					13.54		%				$	167,299					8.50		%
Total Risk-Based Capital Ratio						$	405,425					14.54		%				$	223,065					10.50		%
December 31, 2023
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		%
(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,
						2024						2023						2022
Basic Earnings Per Common Share:
Net income						$	7,666					$	25,536					$	26,645
Weighted average shares outstanding						17,077,017						11,728,858						11,715,376
Net income per common share						$	0.45					$	2.17					$	2.27
Diluted Earnings Per Common Share:
Net income						$	7,666					$	25,536					$	26,645
Weighted average shares outstanding						17,077,017						11,728,858						11,715,376
Effect of dilutive stock options and warrants						102,779						24,014						23,698
Weighted average shares of common stock and common stock equivalents						17,179,796						11,752,872						11,739,074
Net income per diluted common share						$	0.45					$	2.17					$	2.27

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- References

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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
-Topic 942
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477270/942-505-50-1

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/1943274/2147477270/942-505-50-1B

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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
-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

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