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REGULATORY MATTERS (Tables)
9 Months Ended
Sep. 30, 2024
Banking And Thrift Disclsoure [Abstract]  
Schedule of Actual and Required Capital Amounts and Ratios for the Bank Actual and required capital amounts and ratios for the Bank are presented below at September 30, 2024:
Actual
Required for Capital
Adequacy Purposes
To be Well
Capitalized Under
Prompt Corrective
Action Regulations
AmountRatioAmount
Ratio
AmountRatio
Total Capital
(to Risk Weighted Assets)
$115,123 11.39 %$80,848 8.00 %$101,059 10.00 %
Tier 1 Capital
(to Risk Weighted Assets)
$102,479 10.14 %$60,636 6.00 %$80,848 8.00 %
Common Equity Tier 1 Capital
(to Risk Weighted Assets)
$102,479 10.14 %$45,477 4.50 %$65,689 6.50 %
Tier 1 Capital
(to Average Assets)
$102,479 8.41 %$48,768 4.00 %$60,960 5.00 %
Actual and required capital amounts and ratios for the Bank are presented below at December 31, 2023:
Actual
Required for Capital
Adequacy Purposes
To be Well
Capitalized Under
Prompt Corrective
Action Regulations
AmountRatioAmountRatioAmountRatio
Total Capital
(to Risk Weighted Assets)
$114,256 13.03 %$70,169 8.00 %$87,711 10.00 %
Tier 1 Capital
(to Risk Weighted Assets)
$103,274 11.77 %$52,627 6.00 %$70,169 8.00 %
Common Equity Tier 1 Capital
(to Risk Weighted Assets)
$103,274 11.77 %$39,470 4.50 %$57,012 6.50 %
Tier 1 Capital
(to Average Assets)
$103,274 9.38 %$44,024 4.00 %$55,030 5.00 %