Regulatory Matters (Tables)

6 Months Ended

Jun. 30, 2013

Regulatory Matters [Abstract]

Actual capital amounts and ratios

Our actual capital amounts and ratios follow:

						Minimum for					Minimum for
						Adequately Capitalized					Well-Capitalized
	Actual					Institutions					Institutions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(Dollars in thousands)
June 30, 2013
Total capital to risk-weighted assets
Consolidated	$	225,727		16.17	%	$	111,681		8.00	%	NA		NA
Independent Bank		227,860		16.35			111,519		8.00			139,399		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	207,938		14.90	%	$	55,840		4.00	%	NA		NA
Independent Bank		210,096		15.07			55,759		4.00			83,639		6.00	%
Tier 1 capital to average assets
Consolidated	$	207,938		10.28	%	$	80,938		4.00	%	NA		NA
Independent Bank		210,096		10.35			81,188		4.00			101,485		5.00	%
December 31, 2012
Total capital to risk-weighted assets
Consolidated	$	204,663		14.71	%	$	111,268		8.00	%	NA		NA
Independent Bank		207,553		14.95			111,063		8.00		$	138,829		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	185,948		13.37	%	$	55,634		4.00	%	NA		NA
Independent Bank		189,777		13.67			55,531		4.00		$	83,297		6.00	%
Tier 1 capital to average assets
Consolidated	$	185,948		8.08	%	$	92,026		4.00	%	NA		NA
Independent Bank		189,777		8.26			91,919		4.00		$	114,899		5.00	%

NA - Not applicable

Components of regulatory capital

The components of our regulatory capital are as follows:

	Consolidated						Independent Bank
	June 30,			December 31,			June 30,			December 31,
	2013			2012			2013			2012
	(In thousands)
Total shareholders' equity	$	208,835		$	134,975		$	250,480		$	186,384
Add (deduct)
Qualifying trust preferred securities		48,668			47,678			-			-
Accumulated other comprehensive loss		7,270			8,058			7,270			8,156
Intangible assets		(3,569	)		(3,975	)		(3,569	)		(3,975	)
Disallowed deferred tax assets		(52,769	)		-			(43,588	)		-
Disallowed capitalized mortgage loan servicing rights		(497	)		(788	)		(497	)		(788	)
Tier 1 capital		207,938			185,948			210,096			189,777
Qualifying trust preferred securities		-			990			-			-
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets		17,789			17,725			17,764			17,776
Total risk-based capital	$	225,727		$	204,663		$	227,860		$	207,553

Actual capital ratios to minimum ratios imposed by board resolution

Set forth below are the actual capital ratios of our Bank as of June 30, 2013, the minimum capital ratios imposed by our Board, and the minimum ratios necessary to be considered “well-capitalized” under federal regulatory standards:

	Independent						Minimum
	Bank			Minimum			Ratio
	Actual as of			Ratios			Required to
	June 30,			Established			be Well-
	2013			by our Board			Capitalized
Total Capital to Risk-Weighted Assets		16.35	%		11.00	%		10.00	%
Tier 1 Capital to Average Total Assets		10.35			8.00			5.00