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Regulatory Capital Requirements (Tables)
 9 Months Ended
Sep. 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 September 30, 2022 and December 31, 2021.

 

(Dollars in thousands)          For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
As of September 30, 2022                    
Leverage  $140,635    10.75%  $52,309    4.0%
Common Equity Tier 1 Capital   119,635    14.20%   58,973    7.0%
Tier 1 Capital   140,635    16.69%   71,610    8.5%
Total Risk Based Capital   149,633    17.76%   88,459    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 September 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 September 30, 2022                              
Leverage  $114,430    8.78%  $52,141    4.0%  $65,176    5.0%
Common Equity Tier 1 Capital   114,430    13.71%   58,436    7.0%   54,262    6.5%
Tier 1 Capital   114,430    13.71%   70,958    8.5%   66,784    8.0%
Total Risk Based Capital   123,428    14.79%   87,654    10.5%   83,480    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%.