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Regulatory Capital Requirements (Tables)
 12 Months Ended
Dec. 31, 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 in effect at December 31, 2023 and 2022:

 

(Dollars in thousands) 
           For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
                 
As of December 31, 2023                    
Leverage  $130,625    8.41%  $62,116    4.0%
Common Equity Tier 1 Capital   109,625    10.39%   73,854    7.0%
Tier 1 Capital   130,625    12.38%   89,680    8.5%
Total Risk Based Capital   140,671    13.33%   110,781    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 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, 2023 and 2022:

 

(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, 2023                        
Leverage  $134,422    8.68%  $61,951    4.0%  $77,439    5.0%
Common Equity Tier 1 Capital   134,422    12.74%   73,833    7.0%   68,560    6.5%
Tier 1 Capital   134,422    12.74%   89,655    8.5%   84,381    8.0%
Total Risk Based Capital   144,468    13.70%   110,750    10.5%   105,476    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 percent for capital adequacy purposes includes a capital conservation buffer of 2.5%.