Shareholders' Equity

6 Months Ended

Jun. 30, 2017

Regulatory Capital Requirements [Abstract]

Regulatory Capital Requirements

Shareholders’ Equity

Regulatory Capital Requirements

Capital levels at both June 30, 2017 and December 31, 2016 exceeded the regulatory minimum levels to be considered “well-capitalized.”

The following table presents the Corporation’s and the Bank’s actual capital amounts and ratios, as well as the corresponding minimum and well capitalized regulatory amounts and ratios that were in effect during the respective periods:

(Dollars in thousands)	Actual				For Capital Adequacy Purposes				To Be “Well Capitalized” Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
June 30, 2017
Total Capital (to Risk-Weighted Assets):
Corporation		$403,885	12.78	%		$252,908	8.00	%	N/A		N/A
Bank	402,804		12.74		252,869		8.00			$316,087	10.00	%
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	376,940		11.92		189,681		6.00		N/A		N/A
Bank	375,859		11.89		189,652		6.00		252,869		8.00
Common Equity Tier 1 Capital (to Risk-Weighted Assets):
Corporation	354,942		11.23		142,261		4.50		N/A		N/A
Bank	375,859		11.89		142,239		4.50		205,456		6.50
Tier 1 Capital (to Average Assets): (1)
Corporation	376,940		8.78		171,686		4.00		N/A		N/A
Bank	375,859		8.76		171,633		4.00		214,542		5.00
December 31, 2016
Total Capital (to Risk-Weighted Assets):
Corporation	390,867		12.26		255,093		8.00		N/A		N/A
Bank	389,840		12.23		255,050		8.00		318,813		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	364,655		11.44		191,320		6.00		N/A		N/A
Bank	363,628		11.41		191,288		6.00		255,050		8.00
Common Equity Tier 1 Capital (to Risk-Weighted Assets):
Corporation	342,656		10.75		143,490		4.50		N/A		N/A
Bank	363,628		11.41		143,466		4.50		207,228		6.50
Tier 1 Capital (to Average Assets): (1)
Corporation	364,655		8.67		168,271		4.00		N/A		N/A
Bank	363,628		8.65		168,207		4.00		210,259		5.00

(1) Leverage ratio.

In addition to the minimum regulatory capital required for capital adequacy purposes included in the table above, the Corporation is required to maintain a minimum Capital Conservation Buffer, in the form of common equity, in order to avoid restrictions on capital distributions and discretionary bonuses. The required amount of the Capital Conservation Buffer was 1.25% on January 1, 2017 and will increase by 0.625% each year until it reaches 2.5% on January 1, 2019.