| Schedule of accumulated other comprehensive income (loss) |
The following table presents the cumulative balances of the components of accumulated other comprehensive income, net of deferred taxes of $118,000 and $38,000 as of September 30, 2020 and December 31, 2019, respectively (in thousands):
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September 30,
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December 31,
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2020
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2019
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Net unrealized gains on securities
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$
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482
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$
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186
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Net unrecognized losses on defined benefit plan
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(38)
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(44)
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Total accumulated other comprehensive income
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$
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444
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$
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142
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| Schedule of capital amounts and ratios |
The capital amounts and ratios at September 30, 2020 and December 31, 2019 for the Bank are presented in the table below (dollars in thousands):
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For Capital
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Actual
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Adequacy Purposes
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To be Well Capitalized
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Amount
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Ratio
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Amount
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Ratio
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Amount
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Ratio
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September 30, 2020
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Total capital (to risk-weighted assets) Village Bank
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$
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62,788
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14.09
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%
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$
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35,643
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8.00
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%
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$
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44,554
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10.00
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%
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Tier 1 capital (to risk-weighted assets) Village Bank
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58,738
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13.18
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%
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26,732
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6.00
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%
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35,643
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8.00
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%
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Leverage ratio (Tier 1 capital to average assets) Village Bank
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58,738
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8.80
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%
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26,702
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4.00
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%
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33,378
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5.00
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%
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Common equity tier 1 (to risk-weighted assets) Village Bank
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58,738
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13.18
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%
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20,049
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4.50
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%
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28,960
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6.50
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%
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December 31, 2019
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Total capital (to risk-weighted assets) Village Bank
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$
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54,653
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12.56
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%
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$
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34,807
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8.00
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%
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$
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43,508
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10.00
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%
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Tier 1 capital (to risk-weighted assets) Village Bank
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52,867
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12.15
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%
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26,015
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6.00
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%
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34,807
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8.00
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%
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Leverage ratio (Tier 1 capital to average assets) Village Bank
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52,867
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9.69
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%
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21,823
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4.00
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%
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27,278
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5.00
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%
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Common equity tier 1 (to risk-weighted assets) Village Bank
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52,867
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12.15
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%
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19,579
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4.50
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%
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28,280
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6.50
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%
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