Dividends and Other Restrictions

12 Months Ended

Dec. 31, 2012

Dividends and Other Restrictions [Abstract]

DIVIDENDS AND OTHER RESTRICTIONS

Note 18 — Dividends and Other Restrictions

Certain restrictions, including capital requirements, exist on the availability of undistributed net profits of the Bank for the future payment of dividends to the Parent Corporation. A dividend may not be paid if it would impair the capital of the Bank. Furthermore, prior approval by the OCC is required if the total of dividends declared in a calendar year exceeds the total of the Bank's net profits for that year combined with the retained profits for the two preceding years. At December 31, 2012, approximately $36.1 million was available for payment of dividends based on the preceding guidelines.