Cullman Bancorp(CULL) - 2023 Q4 - Annual Report

Federal Banking Regulation In addition to establishing the minimum regulatory capital requirements, the regulations limit capital distributions and certain discretionary bonus payments to management if the institution does not hold a "capital conservation buffer" consisting of 2.5% of common equity Tier 1 capital to risk-weighted assets above the amount necessary to meet its minimum risk-based capital requirements. • the total capital distributions for the applicable calendar year exceed the sum of the savi ...