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Regulatory Capital Requirements (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2022 and December 31, 2021.

  

(Dollars in thousands)          For capital 
   Actual   adequacy purposes 
  Amount   Ratio   Amount   Ratio (1) 
As of June 30, 2022                
Leverage  $139,600    10.71%  $52,133    4.0%
Common Equity Tier 1 Capital   118,600    15.00%   55,347    7.0%
Tier 1 Capital   139,600    17.66%   67,208    8.5%
Total Risk Based Capital   148,055    18.73%   83,021    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 June 30, 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 June 30, 2022                        
Leverage  $136,439    10.49%  $52,002    4.0%  $65,002    5.0%
Common Equity Tier 1 Capital   136,439    17.27%   55,289    7.0%   51,340    6.5%
Tier 1 Capital   136,439    17.27%   67,137    8.5%   63,188    8.0%
Total Risk Based Capital   144,894    18.34%   82,934    10.5%   79,985    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%.