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CAPITAL MATTERS (Tables)

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Bank's Tier 1 (Leverage) and Risk-Based Capital Ratios

The Bank’s Tier 1 (leverage) and risk-based capital ratios at December 31, 2022 and 2021, respectively, are presented below:

						Actual												For Capital Adequacy Purposes																		To Be Well Capitalized Under Prompt Corrective Action  Provisions
						Amount						Ratio						Amount												Ratio						Amount												Ratio
As of December 31, 2022
Total capital (to risk weighted assets)						$	221,361					14.2		%				$	124,971					> =						8.0		%				$	156,213					> =						10.0		%
Tier 1 capital (to risk weighted assets)						203,422						13.0		%				93,728						> =						6.0		%				124,971						> =						8.0		%
Common equity tier 1 capital (to risk weighted assets)						203,422						13.0		%				70,296						> =						4.5		%				101,539						> =						6.5		%
Tier 1 leverage ratio (to adjusted total assets)						203,422						11.5		%				70,610						> =						4.0		%				88,262						> =						5.0		%
As of December 31, 2021
Total capital (to risk weighted assets)						$	187,783					13.4		%				$	111,694					> =						8.0		%				$	139,618					> =						10.0		%
Tier 1 capital (to risk weighted assets)						170,870						12.2		%				83,771						> =						6.0		%				111,694						> =						8.0		%
Common equity tier 1 capital (to risk weighted assets)						170,870						12.2		%				62,828						> =						4.5		%				90,752						> =						6.5		%
Tier 1 leverage ratio (to adjusted total assets)						170,870						10.0		%				68,323						> =						4.0		%				85,403						> =						5.0		%

The Company’s Tier 1 (leverage) and risk-based capital ratios at December 31, 2022 and 2021, respectively, are presented below:

						Actual												For Capital Adequacy Purposes
						Amount						Ratio						Amount												Ratio
As of December 31, 2022
Total capital (to risk weighted assets)						$	218,737					14.0		%				$	124,971					> =						8.0		%
Tier 1 capital (to risk weighted assets)						150,798						9.7		%				93,728						> =						6.0		%
Common equity tier 1 capital (to risk weighted assets)						150,798						9.7		%				70,296						> =						4.5		%
Tier 1 leverage ratio (to adjusted total assets)						150,798						8.5		%				70,610						> =						4.0		%
As of December 31, 2021
Total capital (to risk weighted assets)						$	182,242					13.1		%				$	111,694					> =						8.0		%
Tier 1 capital (to risk weighted assets)						135,329						9.7		%				83,771						> =						6.0		%
Common equity tier 1 capital (to risk weighted assets)						135,329						9.7		%				62,828						> =						4.5		%
Tier 1 leverage ratio (to adjusted total assets)						135,329						7.9		%				68,323						> =						4.0		%

Schedule of Dividends

The following table reflects the annual cash dividend paid in the years ended December 31, 2022 and 2021, respectively.

December 31, 2022

December 31, 2021

Cash dividends per share

$

0.26

$

0.23

Stockholder record date

02/14/2022

02/11/2021

Dividend payment date

02/28/2022

02/25/2021

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- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

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- Definition

Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826

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)(1)
-URI https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826

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