Regulatory Capital Matters

3 Months Ended

Mar. 31, 2015

Regulatory Capital Requirements [Abstract]

Regulatory Capital Matters

Regulatory Capital Matters

Banks and bank holding companies are subject to various regulatory capital requirements administered by the federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action by regulators that, if undertaken, could have a direct material effect on the financial statements. Management believes as of March 31, 2015, the Company and Bank meet all capital adequacy requirements to which they are subject.

Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If only adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At March 31, 2015 and December 31, 2014, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category.

Actual and required capital amounts and ratios are presented below at year-end:

	Actual					Requirement For Capital Adequacy Purposes:					To be Well Capitalized Under Prompt Corrective Action Provisions:
	Amount		Ratio			Amount		Ratio			Amount		Ratio
March 31, 2015
Common equity tier 1 capital ratio
Consolidated	$	117,890		15.03	%	$	35,291		4.50	%	N/A		N/A
Bank		107,914		13.85	%		35,071		4.50	%	$	50,659		6.50	%
Total risk based capital ratio
Consolidated		125,667		16.02	%		62,740		8.00	%	N/A		N/A
Bank		115,637		14.84	%		62,349		8.00	%		77,936		10.00	%
Tier 1 risk based capital ratio
Consolidated		117,890		15.03	%		47,055		6.00	%	N/A		N/A
Bank		107,914		13.85	%		46,762		6.00	%		62,349		8.00	%
Tier 1 leverage ratio
Consolidated		117,890		10.44	%		45,152		4.00	%	N/A		N/A
Bank		107,914		9.38	%		46,032		4.00	%		57,540		5.00	%
December 31, 2014
Total Capital to risk weighted assets
Consolidated	$	121,340		16.48	%	$	58,523		8.00	%	N/A		N/A
Bank		114,321		15.56	%		58,773		8.00	%	$	73,466		10.00	%
Tier 1 Capital to risk weighted assets
Consolidated		113,654		15.43	%		29,262		4.00	%	N/A		N/A
Bank		106,689		14.52	%		29,386		4.00	%		44,079		6.00	%
Tier 1 Capital to average assets
Consolidated		113,654		10.03	%		45,313		4.00	%	N/A		N/A
Bank		106,689		9.37	%		45,565		4.00	%		56,956		5.00	%