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Regulatory Capital Requirements (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2023 and December 31, 2022.

 

         For capital
   Actual  adequacy purposes
(Dollars in thousands)  Amount  Ratio  Amount  Ratio (1)
As of June 30, 2023                    
Leverage  $126,939    8.39%  $60,513    4.0%
Common Equity Tier 1 Capital   105,939    10.42%   71,149    7.0%
Tier 1 Capital   126,939    12.49%   86,396    8.5%
Total Risk Based Capital   136,776    13.46%   106,724    10.5%
                     
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%

 

(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, 2023 and December 31, 2022:

 

       To be well-capitalized 
       under prompt 
      For capital   corrective 
   Actual   adequacy purposes   action provisions 
(Dollars in thousands)  Amount   Ratio   Amount   Ratio (1)   Amount   Ratio 
As of June 30, 2023                        
Leverage  $131,737    8.73%  $60,341    4.0%  $75,426    5.0%
Common Equity Tier 1 Capital   131,737    12.97%   71,082    7.0%   66,005    6.5%
Tier 1 Capital   131,737    12.97%   86,314    8.5%   81,237    8.0%
Total Risk Based Capital   141,574    13.94%   106,623    10.5%   101,546    10.0%
                               
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%

 

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