v3.26.1
Regulatory Capital Requirements
 3 Months Ended
Jun. 30, 2026
Banking and Thrift, Other Disclosure [Abstract]  
Regulatory Capital Requirements

Note 6 - REGULATORY CAPITAL REQUIREMENTS

The Association is subject to various regulatory capital requirements administered by federal banking agencies. 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 Association’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Association must meet specific capital guidelines that involve quantitative measures of the Association’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Association’s capital amounts, and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Association to maintain minimum amounts and ratios as set forth in the following tables of tangible, core, and total risk-based capital. To be considered well-capitalized

under the regulatory framework for Prompt Corrective Action provisions, the Association must maintain minimum Tier I leverage, Tier I risk- based, common equity Tier 1, and total risk-based capital ratios (as defined) as set forth in the following tables.

As of June 30, 2026 and March 31, 2026, the Association was well-capitalized under the regulatory framework for prompt corrective action. To be categorized as well-capitalized, the Association must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the tables. There are no conditions or events since June 30, 2026, that management believes have changed the Association’s category.

The Association’s actual capital amounts and ratios as of June 30, 2026 and March 31, 2026, are also presented in the table below:

 

 

 

Actual

 

 

Minimum Required for Capital Adequacy Purposes

 

 

Minimum Required To be Well-Capitalized Under Prompt Corrective Action Provisions

 

As of June 30, 2026

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

 

(Dollars in thousands)

 

Total Capital (to Risk- Weighted Assets)

 

$

80,359

 

 

 

17.63

%

 

$

36,469

 

 

 

8.00

%

 

$

45,586

 

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk- Weighted Assets)

 

$

74,656

 

 

 

16.38

%

 

$

27,352

 

 

 

6.00

%

 

$

36,469

 

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital to Risk-Weighted Assets

 

$

74,656

 

 

 

16.38

%

 

$

20,514

 

 

 

4.50

%

 

$

29,631

 

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Average Assets)

 

$

74,656

 

 

 

13.39

%

 

$

22,318

 

 

 

4.00

%

 

$

27,897

 

 

 

5.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2026

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total Capital (to Risk- Weighted Assets)

 

$

78,679

 

 

 

17.30

%

 

$

36,387

 

 

 

8.00

%

 

$

45,484

 

 

 

10.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Risk- Weighted Assets)

 

$

72,990

 

 

 

16.05

%

 

$

27,291

 

 

 

6.00

%

 

$

36,387

 

 

 

8.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Equity Tier 1 Capital to Risk-Weighted Assets

 

$

72,990

 

 

 

16.05

%

 

$

20,468

 

 

 

4.50

%

 

$

29,565

 

 

 

6.50

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 Capital (to Average Assets)

 

$

72,990

 

 

 

13.48

%

 

$

21,658

 

 

 

4.00

%

 

$

27,073

 

 

 

5.00

%