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Regulatory Capital Requirements (Tables)
 6 Months Ended
Jun. 30, 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 as of June 30, 2024 and December 31, 2023.

 

(Dollars in thousands)                
           For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
As of June 30, 2024                    
Leverage  $134,212    8.75%  $61,332    4.0%
Common Equity Tier 1 Capital   113,212    10.56%   75,013    7.0%
Tier 1 Capital   134,212    12.52%   91,087    8.5%
Total Risk Based Capital   144,904    13.52%   112,519    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 as of June 30, 2024 and December 31, 2023:

 

                   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 June 30, 2024                              
Leverage  $136,263    8.91%  $61,153    4.0%  $76,442    5.0%
Common Equity Tier 1 Capital   136,263    12.72%   74,964    7.0%   69,609    6.5%
Tier 1 Capital   136,263    12.72%   91,027    8.5%   85,673    8.0%
Total Risk Based Capital   146,955    13.72%   112,446    10.5%   107,091    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%.