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Regulatory Capital Requirements (Tables)
 12 Months Ended
Dec. 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 in effect at December 31, 2022 and 2021:

 

(Dollars in thousands)            
           For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
                 
As of December 31, 2022                    
Leverage  $122,275    8.14%  $60,100    4.0%
Common Equity Tier 1 Capital   101,275    10.37%   68,352    7.0%
Tier 1 Capital   122,275    12.52%   82,999    8.5%
Total Risk Based Capital   131,236    13.44%   102,528    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 percent for capital adequacy purposes includes 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 in effect at December 31, 2022 and 2021:

(Dollars in thousands)                    
                   To be well-capitalized 
           For capital   under regulatory 
   Actual   adequacy purposes   guidelines 
   Amount   Ratio   Amount   Ratio (1)   Amount   Ratio 
As of December 31, 2022                              
Leverage  $128,643    8.59%  $59,933    4.0%  $74,917    5.0%
Common Equity Tier 1 Capital   128,643    13.18%   68,309    7.0%   63,430    6.5%
Tier 1 Capital   128,643    13.18%   82,947    8.5%   78,068    8.0%
Total Risk Based Capital   137,604    14.10%   102,464    10.5%   97,585    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 percent for capital adequacy purposes includes a capital conservation buffer of 2.5%.