| 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 December 31, 2021 and December 31, 2020 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 December 31, 2021 | | | | | | | | | | | | | | The Company | | | | | | | | | | | | | | Total Capital to risk-weighted assets ("RWA") | | $ | 435,328 | | | 13.73 | % | | $ | 253,610 | | | 8.00 | % | | N/A | | N/A | | Tier 1 Capital to RWA | | 336,577 | | | 10.62 | % | | 190,208 | | | 6.00 | % | | N/A | | N/A | | Tier 1 Capital to average assets ("AA") or Leverage Ratio | | 336,577 | | | 7.56 | % | | 177,978 | | | 4.00 | % | | N/A | | N/A | | Common Equity Tier 1 Capital to RWA | | 336,577 | | | 10.62 | % | | 142,656 | | | 4.50 | % | | N/A | | N/A | | | | | | | | | | | | | | | The Bank | | | | | | | | | | | | | | Total Capital to RWA | | $ | 434,430 | | | 13.70 | % | | $ | 253,610 | | | 8.00 | % | | $ | 317,013 | | | 10.00 | % | | Tier 1 Capital to RWA | | 394,658 | | | 12.45 | % | | 190,208 | | | 6.00 | % | | 253,610 | | | 8.00 | % | | Tier 1 Capital to AA, Leverage Ratio | | 394,658 | | | 8.87 | % | | 177,978 | | | 4.00 | % | | 222,473 | | | 5.00 | % | | Common Equity Tier 1 Capital to RWA | | 394,658 | | | 12.45 | % | | 142,656 | | | 4.50 | % | | 206,058 | | | 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, 2020 | | | | | | | | | | | | | | The Company | | | | | | | | | | | | | | Total Capital to RWA | | $ | 415,999 | | | 14.62 | % | | $ | 227,631 | | | 8.00 | % | | N/A | | N/A | | Tier 1 Capital to RWA | | 306,577 | | | 10.77 | % | | 170,723 | | | 6.00 | % | | N/A | | N/A | | Tier 1 Capital to AA, Leverage Ratio | | 306,577 | | | 7.52 | % | | 163,127 | | | 4.00 | % | | N/A | | N/A | | Common Equity Tier 1 Capital to RWA | | 306,577 | | | 10.77 | % | | 128,042 | | | 4.50 | % | | N/A | | N/A | | | | | | | | | | | | | | | The Bank | | | | | | | | | | | | | | Total Capital to RWA | | $ | 413,862 | | | 14.55 | % | | $ | 227,631 | | | 8.00 | % | | $ | 284,538 | | | 10.00 | % | | Tier 1 Capital to RWA | | 378,184 | | | 13.29 | % | | 170,723 | | | 6.00 | % | | 227,631 | | | 8.00 | % | | Tier 1 Capital to AA, Leverage Ratio | | 378,184 | | | 9.27 | % | | 163,127 | | | 4.00 | % | | 203,909 | | | 5.00 | % | | Common Equity Tier 1 Capital to RWA | | 378,184 | | | 13.29 | % | | 128,042 | | | 4.50 | % | | 184,950 | | | 6.50 | % |
__________________________________________ (1) Before application of the capital conservation buffer of 2.50% as of December 31, 2021 and December 31, 2020. 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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