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Regulatory Matters | 12 Months Ended
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Dec. 31, 2024
Regulatory Matters [Abstract] |
Regulatory Matters | Note 16: Regulatory Matters As of December 31, 2024, based on its call report computations, State Bank was classified as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, State Bank must maintain capital ratios as set forth in the table below. There are no conditions or events since December 31, 2024, that management believes have changed State Bank’s capital classification. State Bank’s actual capital amounts and ratios are presented in the following table. Capital levels are presented for State Bank only as the Company is exempt from quarterly reporting at the holding company level:
|  |  |  |  |  |  |  |  |  |  | To Be Well Capitalized |
|  |  |  |  |  |  |  |  |  |  | Under Prompt |
|  |  |  |  |  |  |  | For Capital Adequacy |  |  | Corrective Action |
|  | Actual |  |  | Purposes |  |  | Procedures |
($ in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier I Capital to average assets |  | $ | 156,122 |  |  |  | 11.09 | % |  | $ | 56,290 |  |  |  | 4.0 | % |  | $ | 70,363 |  |  |  | 5.0 | %
Tier I Common equity capital to risk-weighted assets |  | $ | 156,122 |  |  |  | 13.43 | % |  | $ | 52,297 |  |  |  | 4.5 | % |  | $ | 75,541 |  |  |  | 6.5 | %
Tier I Capital to risk-weighted assets |  | $ | 156,122 |  |  |  | 13.43 | % |  | $ | 69,730 |  |  |  | 6.0 | % |  | $ | 92,973 |  |  |  | 8.0 | %
Total Risk-based capital to risk-weighted assets |  | $ | 170,672 |  |  |  | 14.69 | % |  | $ | 92,973 |  |  |  | 8.0 | % |  | $ | 116,216 |  |  |  | 10.0 | %
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tier I Capital to average assets |  | $ | 148,049 |  |  |  | 10.93 | % |  | $ | 54,185 |  |  |  | 4.0 | % |  | $ | 67,732 |  |  |  | 5.0 | %
Tier I Common equity capital to risk-weighted assets |  | $ | 148,049 |  |  |  | 13.42 | % |  | $ | 49,640 |  |  |  | 4.5 | % |  | $ | 71,702 |  |  |  | 6.5 | %
Tier I Capital to risk-weighted assets |  | $ | 148,049 |  |  |  | 13.42 | % |  | $ | 66,186 |  |  |  | 6.0 | % |  | $ | 88,249 |  |  |  | 8.0 | %
Total Risk-based capital to risk-weighted assets |  | $ | 161,872 |  |  |  | 14.67 | % |  | $ | 88,249 |  |  |  | 8.0 | % |  | $ | 110,311 |  |  |  | 10.0 | %
The above minimum capital requirements exclude the capital conservation buffer required to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. The capital conservation buffer was 2.50 percent at December 31, 2024 and the Company still would have met the minimum capital requirements when the capital buffer is considered. The net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital. Management believes that State Bank met all capital adequacy requirements to which State Bank was subject as of December 31, 2024.

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