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Regulatory Capital Requirements (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024 and December 31, 2023.

 

(Dollars in thousands)                
           For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
As of March 31, 2024                
Leverage  $132,131    8.58%  $61,593    4.0%
Common Equity Tier 1 Capital   111,131    10.47%   74,288    7.0%
Tier 1 Capital   132,131    12.45%   90,207    8.5%
Total Risk Based Capital   142,771    13.45%   111,432    10.5%
                     
As of December 31, 2023                    
Leverage  $130,625    8.14%  $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%

 

  (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 March 31, 2024 and December 31, 2023:

 

(Dollars in thousands)          For capital   To be well-capitalized under prompt corrective 
   Actual   adequacy purposes   action provisions 
   Amount   Ratio   Amount   Ratio (1)   Amount   Ratio 
As of March 31, 2024                        
Leverage  $135,255    8.81%  $61,421    4.0%  $76,776    5.0%
Common Equity Tier 1 Capital   135,225    12.75%   74,252    7.0%   68,948    6.5%
Tier 1 Capital   135,225    12.75%   90,163    8.5%   84,859    8.0%
Total Risk Based Capital   145,865    13.75%   111,377    10.5%   106,074    10.0%

 

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%

 

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