XML 65 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9
REGULATORY CAPITAL
12 Months Ended
Dec. 31, 2014
REGULATORY CAPITAL [Abstract]  
REGULATORY CAPITAL
23. REGULATORY CAPITAL

 

The Company is subject to various capital requirements administered by the federal banking agencies. 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. 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 financial statements.

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 I capital to risk-weighted assets, and of Tier I capital to average assets. As of December 31, 2014 and 2013, the Federal Reserve categorized the Company as Well Capitalized under the regulatory framework for prompt corrective action. The Company believes that no conditions or events have occurred that would change this conclusion. To be categorized as well capitalized, the Company must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table. Additionally, while not a regulatory capital ratio, the Company's tangible common equity ratio was 7.56% and 7.64% for 2014 and 2013, respectively.

 

AS OF DECEMBER 31, 2014




ACTUAL

FOR CAPITAL
ADEQUACY
PURPOSES

   

TO BE WELL
CAPITALIZED UNDER
PROMPT CORRECTIVE
ACTION PROVISIONS

 
AMOUNT RATIO     AMOUNT     RATIO     AMOUNT     RATIO  
(IN THOUSANDS, EXCEPT RATIOS)

                                   
Total Capital (To Risk Weighted Assets) Consolidated   $ 131,497       14.80 %   $ 71,066       8.00 %   $ 88,833       10.00 %
AmeriServ Financial Bank     106,084       12.07       70,305       8.00       87,881       10.00  
Tier 1 Capital (To Risk Weighted Assets) Consolidated     120,992       13.62       35,533       4.00       53,300       6.00  
AmeriServ Financial Bank     95,579       10.88       35,153       4.00       52,729       6.00  
Tier 1 Capital (To Average Assets) Consolidated     120,992       11.34       42,662       4.00       53,327       5.00  
AmeriServ Financial Bank     95,579       9.19       41,608       4.00       52,010       5.00  

 

AS OF DECEMBER 31, 2013




ACTUAL

FOR CAPITAL
ADEQUACY
PURPOSES

   

TO BE WELL
CAPITALIZED UNDER
PROMPT CORRECTIVE
ACTION PROVISIONS

 
AMOUNT RATIO     AMOUNT     RATIO     AMOUNT     RATIO  
(IN THOUSANDS, EXCEPT RATIOS)

                                               
Total Capital (To Risk Weighted Assets) Consolidated   $ 128,469       15.28 %   $ 67,247       8.00 %   $ 84,059       10.00 %
AmeriServ Financial Bank     103,009       12.39       66,506       8.00       83,132       10.00  
Tier 1 Capital (To Risk Weighted Assets) Consolidated     117,957       14.03       33,624       4.00       50,435       6.00  
AmeriServ Financial Bank     92,611       11.14       33,253       4.00       49,879       6.00  
Tier 1 Capital (To Average Assets) Consolidated     117,957       11.45       41,204       4.00       51,505       5.00  
AmeriServ Financial Bank     92,611       9.23       40,124       4.00       50,155       5.00  

  

On July 2, 2013, the Federal Reserve approved final rules that substantially amend the regulatory risk-based capital rules applicable to the Company and the Bank. The final rules implement the “Basel III” regulatory capital reforms, as well as certain changes required by the Dodd-Frank Act, which will require institutions to, among other things, have more capital and a higher quality of capital by increasing the minimum regulatory capital ratios, and requiring capital buffers. The new rules become effective for the Company on January 1, 2015, with an implementation period that stretches to 2019. For a more detailed discussion see the Capital Resources section of the MD&A.