Dividend Restrictions |
12 Months Ended |
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Dec. 31, 2016 | |
Disclosure Of Restrictions On Dividends Loans And Advances Disclosure [Abstract] | |
Dividend Restrictions | Note (16)—Dividend restrictions: Due to regulations of the Tennessee Department of Financial Institutions (“TDFI”), the Bank may not declare dividends in any calendar year that exceeds the total of its net income of that year combined with its retained net income of the preceding two years without the prior approval of the TDFI Commissioner. Based upon this regulation, $66,180 and $54,537 was available for payment of dividends without such prior approval at December 31, 2016 and 2015, respectively. In addition, dividends paid by the Bank to the Company would be prohibited if the effect thereof would cause the Bank’s capital to be reduced below applicable minimum capital requirements.
For the years ended December 31, 2016, 2015 and 2014 the Bank declared dividends to the Company in the amounts of $69,300, $23,600 and $16,600, respectively, which was then paid to the Company’s shareholder. |