Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2018

Banking and Thrift [Abstract]

Actual and Required Capital Ratios of Bank

The following tables present actual and required capital ratios as of June 30, 2018 and December 31, 2017 for the Company and the Bank under Basel III Capital Rules. The minimum capital amounts presented include the minimum required capital levels as of June 30, 2018 and December 31, 2017 based on the then 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 June 30, 2018:
Total Capital
(to Risk Weighted Assets):
Consolidated	$	550,769		13.91	%	$	390,991		9.875	%	$	415,737		10.50	%		N/A		N/A
Tri Counties Bank	$	548,232		13.85	%	$	390,819		9.875	%	$	415,554		10.50	%	$	395,766		10.00	%
Tier 1 Capital
(to Risk Weighted Assets):
Consolidated	$	517,518		13.07	%	$	311,803		7.875	%	$	336,549		8.50	%		N/A		N/A
Tri Counties Bank	$	514,981		13.01	%	$	311,666		7.875	%	$	336,401		8.50	%	$	316,613		8.00	%
Common equity Tier 1 Capital
(to Risk Weighted Assets):
Consolidated	$	462,278		11.68	%	$	252,412		6.375	%	$	277,158		7.00	%		N/A		N/A
Tri Counties Bank	$	514,981		13.01	%	$	252,301		6.375	%	$	277,036		7.00	%	$	257,248		6.50	%
Tier 1 Capital (to Average Assets):
Consolidated	$	517,518		10.92	%	$	189,647		4.000	%	$	189,647		4.00	%		N/A		N/A
Tri Counties Bank	$	514,981		10.86	%	$	189,643		4.000	%	$	189,643		4.00	%	$	237,054		5.00	%
	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, 2017:
Total Capital
(to Risk Weighted Assets):
Consolidated	$	528,805		14.07	%	$	347,694		9.25	%	$	394,679		10.50	%		N/A		N/A
Tri Counties Bank	$	525,384		13.98	%	$	347,535		9.25	%	$	394,499		10.50	%	$	375,713		10.00	%
Tier 1 Capital
(to Risk Weighted Assets):
Consolidated	$	495,318		13.18	%	$	272,517		7.25	%	$	319,502		8.50	%		N/A		N/A
Tri Counties Bank	$	491,897		13.09	%	$	272,392		7.25	%	$	319,356		8.50	%	$	300,570		8.00	%
Common equity Tier 1 Capital
(to Risk Weighted Assets):
Consolidated	$	440,643		11.72	%	$	216,134		5.75	%	$	263,120		7.00	%		N/A		N/A
Tri Counties Bank	$	491,897		13.09	%	$	216,035		5.75	%	$	262,999		7.00	%	$	244,214		6.50	%
Tier 1 Capital (to Average Assets):
Consolidated	$	495,318		10.80	%	$	183,400		4.00	%	$	183,400		4.00	%		N/A		N/A
Tri Counties Bank	$	491,897		10.73	%	$	183,394		4.00	%	$	183,394		4.00	%	$	229,243		5.00	%

Results of Operations

The following table sets forth the results of operations for the periods indicated, and is unaudited; however, in the opinion of Management, it reflects all adjustments (which include only normal recurring adjustments) necessary to present fairly the summarized results for such periods.

	2018 Quarters Ended
	December 31,	September 30,	June 30,			March 31,
	(dollars in thousands, except per share data)
Interest and dividend income:
Loans:
Discount accretion PCI – cash basis			$	180		$	246
Discount accretion PCI – other				95			60
Discount accretion PNCI				284			326
All other loan interest income				38,745			37,417
Total loan interest income				39,304			38,049
Debt securities, dividends and interest bearing cash at banks (not FTE)				9,174			9,072
Total interest income				48,478			47,121
Interest expense				2,609			2,135
Net interest income				45,869			44,986
(Benefit from reversal of) provision for loan losses				(638	)		(236	)
Net interest income after provision for loan losses				46,507			45,222
Noninterest income				12,174			12,290
Noninterest expense				37,870			38,162
Income before income taxes				20,811			19,350
Income tax expense				5,782			5,440
Net income			$	15,029		$	13,910
Per common share:
Net income (diluted)			$	0.65		$	0.60
Dividends			$	0.17		$	0.17

	2017 Quarters Ended
	December 31,		September 30,		June 30,			March 31,
	(dollars in thousands, except per share data)
Interest and dividend income:
Loans:
Discount accretion PCI – cash basis	$	516	$	398	$	386		$	112
Discount accretion PCI – other		445		407		797			631
Discount accretion PNCI		528		559		987			798
All other loan interest income		36,705		35,904		34,248			33,373
Total loan interest income		38,194		37,268		36,418			34,914
Debt securities, dividends and interest bearing cash at banks (not FTE)		8,767		8,645		8,626			8,570
Total interest income		46,961		45,913		45,044			43,484
Interest expense		1,868		1,829		1,610			1,491
Net interest income		45,093		44,084		43,434			41,993
Provision for (benefit from reversal of provision for) loan losses		1,677		765		(796	)		(1,557	)
Net interest income after provision for loan losses		43,416		43,319		44,230			43,550
Noninterest income		12,478		12,930		12,910			11,703
Noninterest expense		38,076		37,222		35,904			35,822
Income before income taxes		17,818		19,027		21,236			19,431
Income tax expense		14,829		7,130		7,647			7,352
Net income	$	2,989	$	11,897	$	13,589		$	12,079
Per common share:
Net income (diluted)	$	0.13	$	0.51	$	0.58		$	0.52
Dividends	$	0.17	$	0.17	$	0.17		$	0.15