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Regulatory Matters | 12 Months Ended
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Dec. 31, 2024
Regulatory Assets and Liabilities Disclosure [Abstract] |
Regulatory Matters | Regulatory Matters We are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet the minimum capital requirements as set forth in the following tables can trigger 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. Stress tests are performed on capital ratios and include scenarios such as additional unrealized losses on the investment portfolio, additional deposit growth, loan credit quality deterioration, and potential share repurchases. 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, 2024. 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 c apitalized for prompt corrective action purposes. The Bancorp’s and Bank's capital adequacy ratios as of December 31, 2024 and 2023 are presented in the following tables.
Bancorp Capital Ratios (dollars in thousands) | Actual |  | Adequately Capitalized Threshold 1 |  | Threshold to be a Well Capitalized Bank Holding Company
December 31, 2024 | Amount | Ratio |  | Amount | Ratio |  | Amount | Ratio
Total Capital (to risk-weighted assets) | $ | 420,606 |  | 16.54 | % |  | $ | 266,991 |  | 10.50 | % |  | $ | 254,277 |  | 10.00 | %
Tier 1 Capital (to risk-weighted assets) | $ | 389,448 |  | 15.32 | % |  | $ | 216,136 |  | 8.50 | % |  | $ | 203,422 |  | 8.00 | %
Tier 1 Leverage Capital (to average assets) | $ | 389,448 |  | 10.46 | % |  | $ | 148,899 |  | 4.00 | % |  | $ | 186,123 |  | 5.00 | %
Common Equity Tier 1 (to risk-weighted assets) | $ | 389,448 |  | 15.32 | % |  | $ | 177,994 |  | 7.00 | % |  | $ | 165,280 |  | 6.50 | %
December 31, 2023 |  |  |  |  |  |  |  |
Total Capital (to risk-weighted assets) | $ | 440,842 |  | 16.89 | % |  | $ | 274,002 |  | 10.50 | % |  | $ | 260,954 |  | 10.00 | %
Tier 1 Capital (to risk-weighted assets) | $ | 415,224 |  | 15.91 | % |  | $ | 221,811 |  | 8.50 | % |  | $ | 208,763 |  | 8.00 | %
Tier 1 Leverage Capital (to average assets) | $ | 415,224 |  | 10.46 | % |  | $ | 158,771 |  | 4.00 | % |  | $ | 198,464 |  | 5.00 | %
Common Equity Tier 1 (to risk-weighted assets) | $ | 415,224 |  | 15.91 | % |  | $ | 182,668 |  | 7.00 | % |  | $ | 169,620 |  | 6.50 | %
Bank Capital Ratios (dollars in thousands) | Actual |  | Adequately Capitalized Threshold 1 |  | Threshold to be Well Capitalized under Prompt Corrective Action Provisions
December 31, 2024 | Amount | Ratio |  | Amount | Ratio |  | Amount | Ratio
Total Capital (to risk-weighted assets) | $ | 410,186 |  | 16.13 | % |  | $ | 266,955 |  | 10.50 | % |  | $ | 254,243 |  | 10.00 | %
Tier 1 Capital (to risk-weighted assets) | $ | 379,028 |  | 14.91 | % |  | $ | 216,107 |  | 8.50 | % |  | $ | 203,395 |  | 8.00 | %
Tier 1 Leverage Capital (to average assets) | $ | 379,028 |  | 10.18 | % |  | $ | 148,887 |  | 4.00 | % |  | $ | 186,108 |  | 5.00 | %
Common Equity Tier 1 (to risk-weighted assets) | $ | 379,028 |  | 14.91 | % |  | $ | 177,970 |  | 7.00 | % |  | $ | 165,258 |  | 6.50 | %
December 31, 2023 |  |  |  |  |  |  |  |
Total Capital (to risk-weighted assets) | $ | 433,598 |  | 16.62 | % |  | $ | 273,986 |  | 10.50 | % |  | $ | 260,939 |  | 10.00 | %
Tier 1 Capital (to risk-weighted assets) | $ | 407,981 |  | 15.64 | % |  | $ | 221,798 |  | 8.50 | % |  | $ | 208,751 |  | 8.00 | %
Tier 1 Leverage Capital (to average assets) | $ | 407,981 |  | 10.28 | % |  | $ | 158,767 |  | 4.00 | % |  | $ | 198,459 |  | 5.00 | %
Common Equity Tier 1 (to risk-weighted assets) | $ | 407,981 |  | 15.64 | % |  | $ | 182,657 |  | 7.00 | % |  | $ | 169,610 |  | 6.50 | %
1 Except for Tier 1 Leverage Capital, the adequately capitalized thresholds reflect the regulatory minimum plus a 2.5% capital conservation buffer as required under the Basel III Capital Standards in order to avoid limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses.

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(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 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1D Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1F -Publisher FASB -URI https://asc.fasb.org/1943274/2147477270/942-505-50-1F + Details
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