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Regulatory Matters
 12 Months Ended
Dec. 31, 2022
Regulatory Assets and Liabilities Disclosure [Abstract]  
Regulatory Matters Regulatory MattersWe are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements as set forth in the following tables can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material effect on our consolidated
financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and the Bank’s prompt corrective action classification are also subject to qualitative judgments by the regulators about components of capital, risk weightings and other factors.

Management reviews capital ratios on a regular basis and produces a five-year capital plan semi-annually to ensure that capital exceeds the prescribed regulatory minimums and is adequate to meet our anticipated future needs.  For all periods presented, the Bank’s ratios exceed the regulatory definition of “well-capitalized” under the regulatory framework for prompt corrective action and Bancorp’s ratios exceed the required minimum ratios to be considered a well-capitalized bank holding company. In addition, the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action as of December 31, 2022. There are no conditions or events since that notification that management believes have changed the Bank’s categories and we expect the Bank to remain well capitalized for prompt corrective action purposes.

The Bancorp’s and Bank's capital adequacy ratios as of December 31, 2022 and 2021 are presented in the following tables.
Capital Ratios for Bancorp
(dollars in thousands)
Actual RatioAdequately Capitalized ThresholdRatio to be a Well Capitalized Bank Holding Company
December 31, 2022AmountRatioAmountRatioAmountRatio
Total Capital (to risk-weighted assets)$431,667 15.90 %≥  $285,079 ≥ 10.50 %≥  $271,504 ≥ 10.00 %
Tier 1 Capital (to risk-weighted assets)$407,912 15.02 %≥  $230,778 ≥ 8.50 %≥  $217,203 ≥ 8.00 %
Tier 1 Capital (to average assets)$407,912 9.60 %≥  $169,948 ≥ 4.00 %≥  $212,435 ≥ 5.00 %
Common Equity Tier 1 (to risk-weighted assets)$407,912 15.02 %≥  $190,053 ≥ 7.00 %≥  $176,478 ≥ 6.50 %
December 31, 2021      
Total Capital (to risk-weighted assets)$397,101 14.58 %≥  $286,035 ≥ 10.50 %≥  $272,414 ≥ 10.00 %
Tier 1 Capital (to risk-weighted assets)$373,286 13.70 %≥  $231,552 ≥ 8.50 %≥  $217,931 ≥ 8.00 %
Tier 1 Capital (to average assets)$373,286 8.85 %≥  $168,750 ≥ 4.00 %≥  $210,937 ≥ 5.00 %
Common Equity Tier 1 (to risk-weighted assets)$373,286 13.70 %≥  $190,690 ≥ 7.00 %≥  $177,069 ≥ 6.50 %
Capital Ratios for the Bank (dollars in thousands)
Actual RatioAdequately Capitalized ThresholdRatio to be Well Capitalized under Prompt Corrective Action Provisions
December 31, 2022AmountRatioAmountRatioAmountRatio
Total Capital (to risk-weighted assets)$427,108 15.73 %≥  $285,052 ≥ 10.50 %≥  $271,478 ≥ 10.00 %
Tier 1 Capital (to risk-weighted assets)$403,352 14.86 %≥  $230,757 ≥ 8.50 %≥  $217,183 ≥ 8.00 %
Tier 1 Capital (to average assets)$403,352 9.49 %≥  $169,940 ≥ 4.00 %≥  $212,425 ≥ 5.00 %
Common Equity Tier 1 (to risk-weighted assets)$403,352 14.86 %≥  $190,035 ≥ 7.00 %≥  $176,461 ≥ 6.50 %
December 31, 2021      
Total Capital (to risk-weighted assets)$390,924 14.35 %≥  $286,009 ≥ 10.50 %≥  $272,390 ≥   10.00 %
Tier 1 Capital (to risk-weighted assets)$367,109 13.48 %≥  $231,531 ≥ 8.50 %≥  $217,912 ≥   8.00 %
Tier 1 Capital (to average assets)$367,109 8.70 %≥  $168,724 ≥ 4.00 %≥  $210,905 ≥   5.00 %
Common Equity Tier 1 (to risk-weighted assets)$367,109 13.48 %≥  $190,673 ≥ 7.00 %≥  $177,053 ≥   6.50 %