Regulatory Capital Matters

6 Months Ended

Jun. 30, 2025

Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]

The Bank is subject to certain risk-based capital and leverage ratio requirements under the U.S. Basel III capital rules administered by the federal and state banking agencies. Failure to be well-capitalized or to meet minimum capital requirements could result in certain mandatory and possible additional discretionary actions by regulators that, if undertaken, could have an adverse material effect on the Company's operations or financial condition. The Basel III capital rules also require the Bank to maintain a capital conservation buffer of 2.50% above the minimum risk-based capital ratios in order to absorb losses during periods of economic stress. Banking institutions with a ratio of common equity tier 1 capital to risk-weighted assets above the minimum but below the capital conservation buffer will face constraints on dividends, equity repurchases and compensation based on the amount of the shortfall. As of both June 30, 2025 and December 31, 2024, the Bank met all applicable capital adequacy requirements.

The following table presents the regulatory capital amounts and ratios for the Company and the Bank as of dates indicated:



	June 30, 2025
	Actual (1)				Required for Capital Adequacy Purposes				Minimum To be Considered "Well Capitalized"
($ in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total capital (to risk-weighted assets)
Consolidated	$	252,936	12.26	%	N/A		N/A		N/A		N/A
Bank	250,705		12.15		$	165,139	8.00	%	$	206,424	10.00	%
Tier 1 capital (to risk-weighted assets)
Consolidated	227,148		11.01		N/A		N/A		N/A		N/A
Bank	224,902		10.90		123,855		6.00		165,139		8.00
Common equity Tier 1 capital (to risk-weighted assets)
Consolidated	227,148		11.01		N/A		N/A		N/A		N/A
Bank	224,902		10.90		92,891		4.50		134,176		6.50
Tier 1 capital (to average assets)
Consolidated	227,148		8.96		N/A		N/A		N/A		N/A
Bank	224,902		8.87		101,435		4.00		126,793		5.00

(1)The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.



	December 31, 2024
	Actual (1)				Required for Capital Adequacy Purposes				Minimum To be Considered "Well Capitalized"
($ in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total capital (to risk-weighted assets)
Consolidated	$	244,659	12.60	%	N/A		N/A		N/A		N/A
Bank	242,966		12.50		$	155,463	8.00	%	$	194,328	10.00	%
Tier 1 capital (to risk-weighted assets)
Consolidated	220,390		11.35		N/A		N/A		N/A		N/A
Bank	218,675		11.25		116,597		6.00		155,463		8.00
Common equity Tier 1 capital (to risk-weighted assets)
Consolidated	220,390		11.35		N/A		N/A		N/A		N/A
Bank	218,675		11.25		87,448		4.50		126,313		6.50
Tier 1 capital (to average assets)
Consolidated	220,390		9.27		N/A		N/A		N/A		N/A
Bank	218,675		9.20		95,055		4.00		118,819		5.00

(1)The capital requirements are only applicable to the Bank, and the Company's ratios are included for comparison purpose.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

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