Regulatory Matters

9 Months Ended

Sep. 30, 2014

Banking and Thrift [Abstract]

Regulatory Matters

Note 29 - Regulatory Matters

The Company is subject to various regulatory capital requirements administered by 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 Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. Management believes, as of September 30, 2014, that the Company meets all capital adequacy requirements to which it is subject.

As of September 30, 2014, the Bank was well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table below. There are no conditions or events since that date that Management believes have changed the institution’s category. The Bank’s actual capital amounts and ratios are also presented in the table.

											Minimum
											To Be Well
											Capitalized Under
						Minimum					Prompt Corrective
	Actual					Capital Requirement					Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(dollars in thousands)
As of September 30, 2014:
Total Capital (to Risk Weighted Assets):
Consolidated	$	315,581		14.79	%	$	170,716		8.0	%		N/A		N/A
Tri Counties Bank	$	313,725		14.71	%	$	170,597		8.0	%	$	213,247		10.0	%
Tier 1 Capital (to Risk Weighted Assets):
Consolidated	$	288,740		13.53	%	$	85,358		4.0	%		N/A		N/A
Tri Counties Bank	$	286,903		13.45	%	$	85,299		4.0	%	$	127,948		6.0	%
Tier 1 Capital (to Average Assets):
Consolidated	$	288,740		10.48	%	$	110,197		4.0	%		N/A		N/A
Tri Counties Bank	$	286,903		10.42	%	$	110,148		4.0	%	$	137,685		5.0	%
As of December 31, 2013:
Total Capital (to Risk Weighted Assets):
Consolidated	$	297,429		14.77	%	$	161,064		8.0	%		N/A		N/A
Tri Counties Bank	$	295,212		14.67	%	$	160,961		8.0	%	$	201,201		10.0	%
Tier 1 Capital (to Risk Weighted Assets):
Consolidated	$	272,071		13.51	%	$	80,532		4.0	%		N/A		N/A
Tri Counties Bank	$	269,870		13.41	%	$	80,480		4.0	%	$	120,720		6.0	%
Tier 1 Capital (to Average Assets):
Consolidated	$	272,071		10.17	%	$	107,017		4.0	%		N/A		N/A
Tri Counties Bank	$	269,870		10.09	%	$	106,965		4.0	%	$	133,706		5.0	%