| Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations |
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) | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | As of March 31, 2025 | | | | | | | | | | | | | The Company (consolidated) | | | | | | | | | | | | | | Total Capital to risk-weighted assets | | $ | 554,856 | | | 13.06 | % | | $ | 339,921 | | | 8.00 | % | | N/A | | N/A | | Tier 1 Capital to risk-weighted assets | | 441,658 | | | 10.39 | % | | 254,941 | | | 6.00 | % | | N/A | | N/A | | Tier 1 Capital to average assets (or Leverage Ratio) | | 441,658 | | | 8.98 | % | | 196,703 | | | 4.00 | % | | N/A | | N/A | | Common Equity Tier 1 Capital to risk-weighted assets | | 441,658 | | | 10.39 | % | | 191,206 | | | 4.50 | % | | N/A | | N/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 assets | | 501,332 | | | 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 assets | | 501,332 | | | 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) | | Amount | | Ratio | | Amount | | Ratio | | Amount | | Ratio | | As of December 31, 2024 | | | | | | | | | | | | | The Company (consolidated) | | | | | | | | | | | | | | Total Capital to risk-weighted assets | | $ | 546,283 | | | 13.06 | % | | $ | 334,522 | | | 8.00 | % | | N/A | | N/A | | Tier 1 Capital to risk-weighted assets | | 434,006 | | | 10.38 | % | | 250,892 | | | 6.00 | % | | N/A | | N/A | | Tier 1 Capital to average assets (or Leverage Ratio) | | 434,006 | | | 8.94 | % | | 194,242 | | | 4.00 | % | | N/A | | N/A | | Common Equity Tier 1 Capital to risk-weighted assets | | 434,006 | | | 10.38 | % | | 188,169 | | | 4.50 | % | | N/A | | N/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 assets | | 492,475 | | | 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 assets | | 492,475 | | | 11.78 | % | | 188,169 | | | 4.50 | % | | 271,799 | | | 6.50 | % |
________________________________________________(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.
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