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Regulatory Capital Requirements (Tables)
 9 Months Ended
Sep. 30, 2021
Schedule of Compliance with Regulatory Capital Requirements for Mortgage Companies

The following is a comparison of the Company’s regulatory capital to minimum capital requirements at September 30, 2021 and December 31, 2020:

 

(Dollars in thousands)                  To be well-capitalized 
           For capital   under regulatory 
   Actual   adequacy purposes   guidelines 
   Amount   Ratio   Amount   Ratio (1)   Amount   Ratio 
As of September 30, 2021                        
Leverage  $133,511    10.78%  $49,523    4.0%  $61,904    5.0%
Common Equity Tier 1 Capital   112,511    14.82%   53,138    7.0%   49,342    6.5%
Tier 1 Capital   133,511    17.59%   64,525    8.5%   60,729    8.0%
Total Risk Based Capital   142,417    18.76%   79,707    10.5%   75,912    10.0%
                               
As of December 31, 2020                              
Leverage  $121,068    10.70%  $45,262    4.0%  $56,577    5.0%
Common Equity Tier 1 Capital   100,068    13.77%   50,866    7.0%   47,233    6.5%
Tier 1 Capital   121,068    16.66%   61,766    8.5%   58,133    8.0%
Total Risk Based Capital   129,983    17.89%   76,300    10.5%   72,666    10.0%

 

(1)The required ratios for capital adequacy purposes include a capital conservation buffer of 2.
Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulation

The following is a comparison of the Bank’s regulatory capital to minimum capital requirements at September 30, 2021 and December 31, 2020:

                   To be well-capitalized 
                   under prompt 
(Dollars in thousands)          For capital   corrective 
   Actual   adequacy purposes   action provisions 
   Amount   Ratio   Amount   Ratio (1)   Amount   Ratio 
As of September 30, 2021                        
Leverage  $129,962    10.53%  $49,375    4.0%  $61,718    5.0%
Common Equity Tier 1 Capital   129,962    17.14%   53,065    7.0%   49,275    6.5%
Tier 1 Capital   129,962    17.14%   64,436    8.5%   60,646    8.0%
Total Risk Based Capital   138,868    18.32%   79,598    10.5%   75,807    10.0%
                               
As of December 31, 2020                              
Leverage  $118,174    10.47%  $45,139    4.0%  $56,423    5.0%
Common Equity Tier 1 Capital   118,174    16.27%   50,829    7.0%   47,199    6.5%
Tier 1 Capital   118,174    16.27%   61,721    8.5%   58,091    8.0%
Total Risk Based Capital   127,089    17.50%   76,244    10.5%   72,613    10.0%

 

(1)The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.