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Regulatory Capital
 3 Months Ended
Mar. 31, 2019
Regulatory Capital Requirements [Abstract]  
Regulatory Capital Requirements under Banking Regulations [Text Block]
15.   Regulatory Capital
The Company is subject to various capital requirements administered by the federal banking agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. For a more detailed discussion see the Capital Resources section of the M.D. & A.
Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total and tier 1 capital to risk-weighted assets (as defined), tier 1 capital to average assets, and common equity tier 1 capital (as defined in the regulations) to risk-weighted assets. Additionally, under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. As of March 31, 2019, the Bank was categorized as “Well Capitalized” under the regulatory framework for prompt corrective action promulgated by the Federal Reserve. The Company believes that no conditions or events have occurred that would change this conclusion as of such date. To be categorized as Well Capitalized, the Bank must maintain minimum Total Capital, Common Equity Tier 1 Capital, Tier 1 Capital, and Tier 1 leverage ratios as set forth in the table (in thousands, except ratios).
 
 
 
At March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MINIMUM
 
 
TO BE WELL
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
REQUIRED
 
 
CAPITALIZED
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FOR
 
 
UNDER PROMPT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CAPITAL
 
 
CORRECTIVE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ADEQUACY
 
 
ACTION
 
 
 
COMPANY
 
 
BANK
 
 
PURPOSES
 
 
REGULATIONS*
 
 
 
AMOUNT
 
 
RATIO
 
 
AMOUNT
 
 
RATIO
 
 
RATIO
 
 
RATIO
 
Total Capital (To Risk Weighted Assets)
 
$
129,825
 
 
 
13.37
%
 
$
116,107
 
 
 
12.01
%
 
 
8.00
%
 
 
10.00
%
Common Equity Tier 1 (To Risk Weighted Assets)
 
 
101,399
 
 
 
10.44
 
 
 
107,050
 
 
 
11.08
 
 
 
4.50
 
 
 
6.50
 
Tier 1 Capital (To Risk Weighted Assets)
 
 
113,275
 
 
 
11.67
 
 
 
107,050
 
 
 
11.08
 
 
 
6.00
 
 
 
8.00
 
Tier 1 Capital (To Average Assets)
 
 
113,275
 
 
 
9.87
 
 
 
107,050
 
 
 
9.45
 
 
 
4.00
 
 
 
5.00
 
 
 
 
At December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
MINIMUM
 
 
TO BE WELL
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
REQUIRED
 
 
CAPITALIZED
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FOR
 
 
UNDER PROMPT
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CAPITAL
 
 
CORRECTIVE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ADEQUACY
 
 
ACTION
 
 
 
COMPANY
 
 
BANK
 
 
PURPOSES
 
 
REGULATIONS*
 
 
 
AMOUNT
 
 
RATIO
 
 
AMOUNT
 
 
RATIO
 
 
RATIO
 
 
RATIO
 
Total Capital (To Risk Weighted Assets)
 
$
129,178
 
 
 
13.53
%
 
$
115,451
 
 
 
12.14
%
 
 
8.00
%
 
 
10.00
%
Common Equity Tier 1 (To Risk Weighted Assets)
 
 
100,258
 
 
 
10.50
 
 
 
105,891
 
 
 
11.14
 
 
 
4.50
 
 
 
6.50
 
Tier 1 Capital (To Risk Weighted Assets)
 
 
112,130
 
 
 
11.74
 
 
 
105,891
 
 
 
11.14
 
 
 
6.00
 
 
 
8.00
 
Tier 1 Capital (To Average Assets)
 
 
112,130
 
 
 
9.71
 
 
 
105,891
 
 
 
9.28
 
 
 
4.00
 
 
 
5.00
 
 
 
 
   
 
*
Applies to the Bank only.
 
Additionally, while not a regulatory capital ratio, the Company’s tangible common equity ratio was 7.54% at March 31, 2019. See the discussion of the tangible common equity ratio under the “Balance Sheet” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations (M.D. & A.).