v3.25.1
Regulatory Capital Requirements
 3 Months Ended
Mar. 31, 2025
Compliance with Regulatory Capital Requirements under Banking Regulations [Abstract]  
Regulatory Capital Requirements Regulatory Capital Requirements
As of March 31, 2025 and December 31, 2024, the Company met the definition of "well-capitalized" under the applicable regulations of the Board of Governors of the Federal Reserve System and the Bank qualified as "well-capitalized" under the prompt corrective action regulations of the FDIC and the Basel III capital guidelines.

The Company's and the Bank's actual capital amounts and ratios are presented as of March 31, 2025 and December 31, 2024 in the tables below:
 Actual
Minimum Capital
for Capital Adequacy
Purposes(1)
Minimum Capital
to be Well
Capitalized(2)
(Dollars in thousands)AmountRatioAmountRatioAmountRatio
As of March 31, 2025      
The Company (consolidated)
      
Total Capital to risk-weighted assets$554,856 13.06 %$339,921 8.00 %N/AN/A
Tier 1 Capital to risk-weighted assets441,658 10.39 %254,941 6.00 %N/AN/A
Tier 1 Capital to average assets (or Leverage Ratio)441,658 8.98 %196,703 4.00 %N/AN/A
Common Equity Tier 1 Capital to risk-weighted assets441,658 10.39 %191,206 4.50 %N/AN/A
The Bank      
Total Capital to risk-weighted assets$554,636 13.05 %$339,921 8.00 %$424,902 10.00 %
Tier 1 Capital to risk-weighted assets501,332 11.80 %254,941 6.00 %339,921 8.00 %
Tier 1 Capital to average assets (or Leverage Ratio)501,332 10.19 %196,703 4.00 %245,879 5.00 %
Common Equity Tier 1 Capital to risk-weighted assets501,332 11.80 %191,206 4.50 %276,186 6.50 %
 Actual
Minimum Capital
for Capital Adequacy
Purposes(1)
Minimum Capital
to be Well
Capitalized(2)
(Dollars in thousands)AmountRatioAmountRatioAmountRatio
As of December 31, 2024      
The Company (consolidated)
      
Total Capital to risk-weighted assets$546,283 13.06 %$334,522 8.00 %N/AN/A
Tier 1 Capital to risk-weighted assets434,006 10.38 %250,892 6.00 %N/AN/A
Tier 1 Capital to average assets (or Leverage Ratio)434,006 8.94 %194,242 4.00 %N/AN/A
Common Equity Tier 1 Capital to risk-weighted assets434,006 10.38 %188,169 4.50 %N/AN/A
The Bank      
Total Capital to risk-weighted assets$544,937 13.03 %$334,522 8.00 %$418,153 10.00 %
Tier 1 Capital to risk-weighted assets492,475 11.78 %250,892 6.00 %334,522 8.00 %
Tier 1 Capital to average assets (or Leverage Ratio)492,475 10.14 %194,242 4.00 %242,802 5.00 %
Common Equity Tier 1 Capital to risk-weighted assets492,475 11.78 %188,169 4.50 %271,799 6.50 %
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(1)Before application of the capital conservation buffer of 2.50% as of March 31, 2025, and December 31, 2024. See discussion below.
(2)For the Bank to qualify as "well-capitalized," it must maintain at least the minimum ratios listed under the regulatory prompt corrective action framework. This framework does not apply to the Company.
The Company is subject to the Basel III capital ratio requirements which include a "capital conservation buffer" of 2.50% above the regulatory minimum risk-based capital adequacy requirements shown above. If a banking organization dips into its capital conservation buffer it may be restricted in its activities, including its ability to pay dividends and discretionary bonus payments to its executive officers. Both the Company's and the Bank's actual ratios, as outlined in the table above, exceeded the Basel III risk-based capital requirement with the capital conservation buffer as of March 31, 2025. At March 31, 2025, the capital conservation buffer amounted to $106.2 million for both the Company and the Bank.