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REGULATORY CAPITAL REQUIREMENTS | 12 Months Ended
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Dec. 31, 2021
Regulatory Capital Requirements Administered By Federal Banking Agencies [Abstract] |
REGULATORY CAPITAL REQUIREMENTS | REGULATORY CAPITAL REQUIREMENTS Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines, and additionally for the Bank, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off balance sheet items calculated under regulatory accounting practices. Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to the Company. The Bank has not paid dividends to the Company in the past. Capital amounts and classifications are also subject to qualitative judgements by regulators. Failure to meet capital requirements can initiate regulatory action. The net unrealized gain or loss on available for sale securities is not included in computing regulatory capital. As of December 31, 2021, the Bank meets all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At year-end 2021 and 2020, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. The following table presents the regulatory capital, assets and risk based capital (common equity Tier 1, Tier 1 and Total capital) ratios for the Bank at December 31, 2021 and 2020 (in thousands, other than ratios):
|  | Bank Actual |  | Minimum Capital Adequacy |  | Minimum Capital Adequacy With Capital Buffer |  | For Classification as Well Capitalized
|  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common equity tier 1 |  | $ | 293,349 |  |  | 25.74 | % |  | $ | 51,292 |  |  | 4.50 | % |  | $ | 79,787 |  |  | 7.00 | % |  | $ | 74,088 |  |  | 6.50 | %
Tier 1 capital |  | 293,349 |  |  | 25.74 | % |  | 68,389 |  |  | 6.00 | % |  | 96,885 |  |  | 8.50 | % |  | 91,186 |  |  | 8.00 | %
Total capital |  | 307,624 |  |  | 26.99 | % |  | 91,186 |  |  | 8.00 | % |  | 119,681 |  |  | 10.50 | % |  | 113,982 |  |  | 10.00 | %
Tier 1 (leverage) capital |  | 293,349 |  |  | 15.00 | % |  | 78,201 |  |  | 4.00 | % |  | N/A |  | N/A |  | 97,752 |  |  | 5.00 | %
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common equity tier 1 |  | $ | 206,258 |  |  | 19.93 | % |  | $ | 46,578 |  |  | 4.50 | % |  | $ | 72,455 |  |  | 7.00 | % |  | $ | 67,279 |  |  | 6.50 | %
Tier 1 capital |  | 206,258 |  |  | 19.93 | % |  | 62,104 |  |  | 6.00 | % |  | 87,981 |  |  | 8.50 | % |  | 82,806 |  |  | 8.00 | %
Total capital |  | 219,262 |  |  | 21.18 | % |  | 82,806 |  |  | 8.00 | % |  | 108,682 |  |  | 10.50 | % |  | 103,507 |  |  | 10.00 | %
Tier 1 (leverage) capital |  | 206,258 |  |  | 10.72 | % |  | 76,934 |  |  | 4.00 | % |  | N/A |  | N/A |  | 96,168 |  |  | 5.00 | %

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- Definition Regulatory Capital Requirements [Abstract] + References No definition available. + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 + Details
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