Regulatory Capital

12 Months Ended

Dec. 31, 2014

Regulatory Capital [Abstract]

Regulatory Capital

Note 20:Regulatory Capital

The Bank is subject to various regulatory capital requirements administered by the 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 Bank’s financial statements.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices.  The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.  Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements.

Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital to average assets (as defined).  As of December 31, 2014 and 2013, the Company and Bank meet all capital adequacy requirements to which it is subject.

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

	December 31, 2014
		Actual Capital Levels			Minimum Regulatory Capital Levels				Minimum Required To be Considered Well-Capitalized
		Amount	Ratio			Amount	Ratio		Amount		Ratio
Leverage Capital Level(1):
MutualFirst Consolidated	$	120,568	8.5	%	$	56,687	4.0	%	$	N/A	N/A	%
MutualBank		124,083	8.8			56,610	4.0			70,763	5.0
Tier 1 Risk-Based Capital Level (2)  :
MutualFirst Consolidated	$	120,568	12.3	%	$	39,269	4.0	%	$	58,903	6.0	%
MutualBank		124,083	12.6			39,257	4.0			58,886	6.0
Total Risk-Based Capital Level (3)  :
MutualFirst Consolidated	$	132,847	13.5	%	$	78,537	8.0	%	$	98,171	10.0	%
MutualBank		136,362	13.9			78,515	8.0			98,143	10.0
(1) Tier 1 Capital to Average Total Assets of $1.4 billion for the Bank and $1.4 billion for the Company at December 31, 2014.
(2) Tier 1 Capital to Risk-Weighted Assets of $981.4 million for the Bank and $981.7 million for the Company at December 31, 2014.
(3) Total Capital to Risk-Weighted Assets.

	December 31, 2013
		Actual Capital Levels			Minimum Regulatory Capital Levels				Minimum Required To be Considered Well-Capitalized
		Amount	Ratio			Amount	Ratio		Amount		Ratio
Leverage Capital Level(1):
MutualFirst Consolidated	$	109,771	7.9	%	$	55,652	4.0	%	$	N/A	N/A	%
MutualBank		115,174	8.3			55,621	4.0			69,526	5.0
Tier 1 Risk-Based Capital Level (2)  :
MutualFirst Consolidated	$	109,771	11.3	%	$	38,754	4.0	%	$	58,131	6.0	%
MutualBank		115,174	11.9			38,733	4.0			58,099	6.0
Total Risk-Based Capital Level (3)  :
MutualFirst Consolidated	$	121,891	12.6	%	$	77,507	8.0	%	$	96,884	10.0	%
MutualBank		127,294	13.2			77,466	8.0			96,832	10.0
(1) Tier 1 Capital to Average Total Assets of $1.4 billion for the Bank and $1.4 billion for the Company at December 31, 2013.
(2) Tier 1 Capital to Risk-Weighted Assets of $968.3 million for the Bank and $968.8 million for the Company at December 31, 2013.
(3) Total Capital to Risk-Weighted Assets.