REGULATORY CAPITAL REQUIREMENTS

12 Months Ended

Dec. 31, 2014

Banking And Thrift [Abstract]

REGULATORY CAPITAL REQUIREMENTS

16. REGULATORY CAPITAL REQUIREMENTS

Home Savings is subject to various regulatory capital requirements administered by the 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 Home Savings and United Community. The regulations require Home Savings to meet specific capital adequacy guidelines and the regulatory framework for prompt corrective action that involve quantitative measures of Home Savings’ assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. Home Savings’ capital classification also is subject to qualitative judgments by the regulators about components, risk weightings, and other factors.

Quantitative measures established by regulation for capital adequacy require Home Savings to maintain minimum amounts and ratios of Tier 1 (or Core) capital (as defined in the regulations) to average total assets (as defined) and of total risk-based capital (as defined) to risk-weighted assets (as defined). Actual and statutory required capital amounts and ratios for Home Savings are presented below.

	As of December 31, 2014
	Actual					Minimum Capital Requirements Per Regulation					To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(In thousands)
Total risk-based capital to risk-weighted assets	$	233,974		21.13	%	$	88,602		8.00	%	$	110,752		10.00	%
Tier 1 capital to risk-weighted assets		220,080		19.87	%		*		*			66,451		6.00	%
Tier 1 capital to average total assets**		220,080		12.11	%		72,674		4.00	%		90,843		5.00	%

*Ratio is not required under regulations

**Tier 1 Leverage Capital Ratio

	As of December 31, 2013
	Actual					Minimum Capital Requirements Per Regulation					To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
		(In thousands)
Total risk-based capital to risk-weighted assets	$	200,835		19.76	%	$	81,293		8.00	%	$	101,616		10.00	%
Tier 1 capital to risk-weighted assets		188,029		18.50	%		*		*			60,969		6.00	%
Tier 1 capital to average total assets**		188,029		10.50	%		71,611		4.00	%		89,514		5.00	%

*Ratio is not required under regulations

**Tier 1 Leverage Capital Ratio

Management believes that as of December 31, 2014 and 2013, Home Savings meets all capital adequacy requirements to which they are subject. As of December 31, 2014 and 2013, Home Savings is considered well capitalized.

The components of Home Savings’ regulatory capital are as follows:

	12/31/2014			12/31/2013
Total shareholders' equity	$	217,372		$	146,276
Add (deduct)
Accumulated other comprehensive (income) loss		20,015			41,905
Intangible assets		(84	)		(152	)
Disallowed deferred tax assets		(17,223	)		-
Disallowed capitalized mortgage loan servicing rights		-			-
Tier 1 Capital		220,080			188,029
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets		13,894			12,806
Total risk-based capital	$	233,974		$	200,835