Regulatory Capital Requirements (Tables)

9 Months Ended

Sep. 30, 2020

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

Schedule of Actual Capital Amounts and Ratios

Although the Company is not subject to regulatory capital requirements because its total consolidated assets are less than $3.0 billion, the Company’s actual capital amounts and ratios are presented in the table below.

	September 30,					December 31,
	2020					2019
	Amount		Ratio			Amount		Ratio
	(unaudited)
Common Equity Tier 1 capital
(to risk-weighted assets)
Actual	$	22,034,427		14.47	%	$	20,888,619		14.00	%
For capital adequacy purposes		6,850,305		4.50	%		6,714,585		4.50	%
To be well capitalized		9,894,885		6.50	%		9,698,845		6.50	%

Tier 1 capital
(to risk-weighted assets)
Actual	$	22,034,427		14.47	%	$	20,888,619		14.00	%
For capital adequacy purposes		9,133,740		6.00	%		8,952,780		6.00	%
To be well capitalized		12,178,320		8.00	%		11,937,040		8.00	%

Total capital
(to risk-weighted assets)
Actual	$	23,555,453		15.47	%	$	22,071,880		14.79	%
For capital adequacy purposes		12,178,320		8.00	%		11,937,040		8.00	%
To be well capitalized		15,222,900		10.00	%		14,921,300		10.00	%

Tier 1 capital
(to average assets)
Actual	$	22,034,427		9.85	%	$	20,888,619		10.66	%
For capital adequacy purposes		8,950,287		4.00	%		7,834,802		4.00	%
To be well capitalized		11,187,859		5.00	%		9,793,503		5.00	%

The Bank’s actual capital amounts and ratios are presented in the table below.

	September 30,					December 31,
	2020					2019
	Amount		Ratio			Amount		Ratio
	(unaudited)
Common Equity Tier 1 capital
(to risk-weighted assets)
Actual	$	18,384,574		12.08	%	$	17,287,045		11.59	%
For capital adequacy purposes		6,850,305		4.50	%		6,714,585		4.50	%
To be well capitalized		9,894,885		6.50	%		9,698,845		6.50	%

Tier 1 capital
(to risk-weighted assets)
Actual	$	18,384,574		12.08	%	$	17,287,045		11.59	%
For capital adequacy purposes		9,133,740		6.00	%		8,952,780		6.00	%
To be well capitalized		12,178,320		8.00	%		11,937,040		8.00	%

Total capital
(to risk-weighted assets)
Actual	$	19,905,600		13.08	%	$	18,470,306		12.38	%
For capital adequacy purposes		12,178,320		8.00	%		11,937,040		8.00	%
To be well capitalized		15,222,900		10.00	%		14,921,300		10.00	%

Tier 1 capital
(to average assets)
Actual	$	18,384,574		8.22	%	$	17,287,045		8.83	%
For capital adequacy purposes		8,950,109		4.00	%		7,834,797		4.00	%
To be well capitalized		11,187,637		5.00	%		9,793,496		5.00	%

SSB Bancorp, Inc. 10-Q