XML 57 R43.htm IDEA: XBRL DOCUMENT v3.24.0.1
Regulatory Matters (Tables)
12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Schedule of capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements
                                               
             
   Actual   For capital
adequacy purposes
minimum
   To be well
capitalized
under prompt
corrective action
provisions minimum
 
(dollars in thousands)  Amount   Ratio   Amount   Ratio   Amount   Ratio 
As of December 31, 2023                              
The Bank                              
Total Capital (to risk weighted assets)  $390,197    12.28%  $254,278    8.00%  $317,847    10.00%
Tier 1 Capital (to risk weighted assets)   350,455    11.03%   190,708    6.00%   254,278    8.00%
Common Equity Tier 1 Capital (to risk weighted assets)   350,455    11.03%   143,031    4.50%   206,601    6.50%
Tier 1 Capital (to average assets)   350,455    8.47%   165,414    4.00%   206,767    5.00%
                               
The Company                              
Total Capital (to risk weighted assets)   399,551    12.57%   254,278    8.00%   n/a    n/a 
Tier 1 Capital (to risk weighted assets)   336,809    10.60%   190,708    6.00%   n/a    n/a 
Common Equity Tier 1 Capital (to risk weighted assets)   323,809    10.19%   143,031    4.50%   n/a    n/a 
Tier 1 Capital (to average assets)   336,809    8.14%   165,436    4.00%   n/a    n/a 
   Actual   For capital
adequacy purposes
minimum
   To be well
capitalized
under prompt
corrective action
provisions minimum
 
(dollars in thousands)  Amount   Ratio   Amount   Ratio   Amount   Ratio 
As of December 31, 2022                              
The Bank                              
Total Capital (to risk weighted assets)  $366,988    12.45%  $235,892    8.00%  $294,865    10.00%
Tier 1 Capital (to risk weighted assets)   330,108    11.20%   176,919    6.00%   235,892    8.00%
Common Equity Tier 1 Capital (to risk weighted assets)   330,108    11.20%   132,689    4.50%   191,662    6.50%
Tier 1 Capital (to average assets)   330,108    9.43%   140,040    4.00%   175,050    5.00%
                               
The Company(1)                              
Total Capital (to risk weighted assets)   380,802    12.91%   235,892    8.00%   n/a    n/a 
Tier 1 Capital (to risk weighted assets)   320,922    10.88%   176,919    6.00%   n/a    n/a 
Common Equity Tier 1 Capital (to risk weighted assets)   307,922    10.44%   132,689    4.50%   n/a    n/a 
Tier 1 Capital (to average assets)   320,922    9.17%   140,057    4.00%   n/a    n/a 
(1)Under the Federal Reserve’s Small Bank Holding Company Policy Statement, in 2021, the Company was not subject to the minimum capital adequacy and capital conservation buffer capital requirements at the holding company level. Although the minimum regulatory capital requirements were not applicable to the Company in 2021, we calculated these ratios for our own planning and monitoring purposes.