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Regulatory Capital Requirements (Tables)
 9 Months Ended
Sep. 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 September 30, 2023 and December 31, 2022.

 

(Dollars in thousands)            
           For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
As of September 30, 2023                    
Leverage  $128,858    8.36%  $61,631    4.0%
Common Equity Tier 1 Capital   107,858    10.26%   73,596    7.0%
Tier 1 Capital   128,858    12.26%   89,366    8.5%
Total Risk Based Capital   139,216    13.24%   110,394    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 September 30, 2023 and December 31, 2022:

                   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, 2023                              
Leverage  $133,192    8.67%  $61,456    4.0%  $76,820    5.0%
Common Equity Tier 1 Capital   133,192    12.68%   73,524    7.0%   68,272    6.5%
Tier 1 Capital   133,192    12.68%   89,279    8.5%   84,028    8.0%
Total Risk Based Capital   143,550    13.67%   110,286    10.5%   105,035    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%.