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Regulatory Capital Requirements (Tables)
 3 Months Ended
Mar. 31, 2022
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 March 31, 2022 and December 31, 2021.

 

(Dollars in thousands) 
       For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
As of March 31, 2022                
Leverage  $138,034    10.71%  $51,549    4.0%
Common Equity Tier 1 Capital   117,034    15.59%   52,540    7.0%
Tier 1 Capital   138,034    18.39%   63,798    8.5%
Total Risk Based Capital   146,531    19.52%   78,809    10.5%
                     
As of December 31, 2021                    
Leverage  $135,824    10.83%  $50,181    4.0%
Common Equity Tier 1 Capital   114,824    15.00%   53,592    7.0%
Tier 1 Capital   135,824    17.74%   65,077    8.5%
Total Risk Based Capital   144,739    18.91%   80,389    10.5%

 

(1) The required ratios for capital adequacy purposes include a capital conservation buffer of 2.5%.
Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulations

The following is a comparison of the Bank’s regulatory capital to minimum capital requirements at March 31, 2022 and December 31, 2021:

 

                   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 March 31, 2022                        
Leverage  $135,426    10.53%  $51,425    4.0%  $64,281    5.0%
Common Equity Tier 1 Capital   135,426    18.07%   52,451    7.0%   48,705    6.5%
Tier 1 Capital   135,426    18.07%   63,691    8.5%   59,944    8.0%
Total Risk Based Capital   143,923    19.21%   78,677    10.5%   74,931    10.0%
                               
As of December 31, 2021                              
Leverage  $132,313    10.58%  $50,040    4.0%  $62,550    5.0%
Common Equity Tier 1 Capital   132,313    17.29%   53,563    7.0%   49,737    6.5%
Tier 1 Capital   132,313    17.29%   65,041    8.5%   61,215    8.0%
Total Risk Based Capital   141,228    18.46%   80,345    10.5%   76,519    10.0%

 

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