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Regulatory Capital Requirements (Tables)
 9 Months Ended
Sep. 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 September 30, 2024 and December 31, 2023.

 

(Dollars in thousands)            
           For capital 
   Actual   adequacy purposes 
   Amount   Ratio   Amount   Ratio (1) 
As of September 30, 2024                
Leverage  $137,179    8.88%  $61,784    4.0%
Common Equity Tier 1 Capital   116,179    10.69%   76,096    7.0%
Tier 1 Capital   137,179    12.62%   92,402    8.5%
Total Risk Based Capital   148,362    13.65%   114,143    10.5%
                     
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%

 

(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 September 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 September 30, 2024                        
Leverage  $138,502    8.99%  $61,600    4.0%  $77,000    5.0%
Common Equity Tier 1 Capital   138,502    12.75%   76,037    7.0%   70,606    6.5%
Tier 1 Capital   138,502    12.75%   92,331    8.5%   86,900    8.0%
Total Risk Based Capital   149,685    13.78%   114,056    10.5%   108,625    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%.