XML 70 R50.htm IDEA: XBRL DOCUMENT v3.24.1
SHAREHOLDERS’ EQUITY, CAPITAL REQUIREMENTS AND DIVIDEND RESTRICTIONS (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of actual capital amounts and ratios as well as minimum amounts for each regulatory defined category for the bank and the company

The Bank exceeded the minimum regulatory capital ratios at December 31, 2023 and 2022, as set forth in the following table: 

 

Schedule of actual capital amounts and ratios as well as minimum amounts for each regulatory defined category for the bank and the company 

(In thousands)  Minimum
Required
Amount		   %   Actual
Amount		   %   Excess
Amount		   % 
The Bank(1)(2):                              
December 31, 2023                              
Risk Based Capital                              
Tier 1  $73,696    6.0%  $153,859    12.5%  $80,163    6.5%
Total Capital  $98,261    8.0%   166,752    13.6%   68,491    5.6%
CET1  $55,272    4.5%   153,859    12.5%   98,587    8.0%
Tier 1 Leverage  $72,830    4.0%   153,859    8.5%   81,029    4.5%
December 31, 2022                              
Risk Based Capital                              
Tier 1  $64,741    6.0%  $145,578    13.5%  $80,837    7.5%
Total Capital  $86,321    8.0%  $156,914    14.5%  $70,593    6.5%
CET1  $48,555    4.5%  $145,578    13.5%  $97,023    9.0%
Tier 1 Leverage  $67,509    4.0%  $145,578    8.6%  $78,069    4.6%

 

(1) As a small bank holding company, the Company is generally not subject to the capital requirements unless otherwise advised by the Federal Reserve.
(2) Ratios do not include the capital conservation buffer of 2.5%.