XML 51 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
Regulatory Matters
12 Months Ended
Dec. 31, 2015
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, Tier 1, and common equity Tier 1capital to risk-weighted assets, and of Tier 1 capital to average assets. Management believes, as of December 31, 2015, that the Company meets all capital adequacy requirements to which it is subject.

 

The following table presents actual and required capital ratios as of December 31, 2015 for the Company and the Bank under Basel III Capital Rules. The minimum capital amounts presented include the minimum required capital levels as of December 31, 2015 based on the phased-in provisions of the Basel III Capital Rules and the minimum required capital levels as of January 1, 2019 when the Basel III Capital Rules have been fully phased-in. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules.

 

     Actual     Minimum Capital
Required – Basel III
Phase-in Schedule
    Minimum Capital
Required – Basel III
Fully Phased In
    Required to be
Considered Well
Capitalized
 
     Amount      Ratio     Amount      Ratio     Amount      Ratio     Amount      Ratio  
     (dollars in thousands)  

As of December 31, 2015:

  

Total Capital

                    

(to Risk Weighted Assets):

                    

Consolidated

   $ 474,436         15.09   $ 251,555         8.00   $ 330,165         10.50     N/A         N/A   

Tri Counties Bank

   $ 473,327         15.06   $ 251,418         8.00   $ 329,985         10.50   $ 314,272         10.00

Tier 1 Capital

                    

(to Risk Weighted Assets):

                    

Consolidated

   $ 435,950         13.86   $ 188,666         6.00   $ 267,277         8.50     N/A         N/A   

Tri Counties Bank

   $ 434,841         13.84   $ 188,563         6.00   $ 267,131         8.50   $ 251,418         8.00

Common equity Tier 1 Capital

                    

(to Risk Weighted Assets):

                    

Consolidated

   $ 385,747         12.27   $ 141,499         4.50   $ 220,110         7.00     N/A         N/A   

Tri Counties Bank

   $ 434,841         13.84   $ 141,422         4.50   $ 219,990         7.00   $ 204,277         6.50

Tier 1 Capital (to Average Assets):

                    

Consolidated

   $ 435,950         10.79   $ 161,562         4.00   $ 161,562         4.00     N/A         N/A   

Tri Counties Bank

   $ 434,841         10.76   $ 161,601         4.00   $ 161,601         4.00   $ 202,002         5.00

The following table presents actual and required capital ratios as of December 31, 2104 for the Company and the Bank under the regulatory capital rules then in effect.

 

     Actual     Minimum
Capital Requirement
    Minimum
To Be Well
Capitalized Under
Prompt Corrective
Action Provisions
 
     Amount      Ratio     Amount      Ratio     Amount      Ratio  
     (dollars in thousands)  

As of December 31, 2014:

               

Total Capital (to Risk Weighted Assets):

               

Consolidated

   $ 436,955         15.63   $ 223,603         8.0     N/A         N/A   

Tri Counties Bank

   $ 433,286         15.51   $ 223,449         8.0   $ 279,311         10.0

Tier 1 Capital (to Risk Weighted Assets):

               

Consolidated

   $ 401,971         14.38   $ 111,801         4.0     N/A         N/A   

Tri Counties Bank

   $ 398,325         14.26   $ 111,724         4.0   $ 167,587         6.0

Tier 1 Capital (to Average Assets):

               

Consolidated

   $ 401,971         10.80   $ 148,819         4.0     N/A         N/A   

Tri Counties Bank

   $ 398,325         10.71   $ 148,734         4.0   $ 185,918         5.0

As of December 31, 2015, capital levels at the Company and the Bank exceed all capital adequacy requirements under the Basel III Capital Rules on a fully phased-in basis. Based on the ratios presented above, capital levels as December 31, 2015 at the Company and the Bank exceed the minimum levels necessary to be considered “well capitalized”.