Shareholders' Equity

6 Months Ended

Jun. 30, 2018

Regulatory Capital Requirements [Abstract]

Regulatory Capital Requirements

Shareholders’ Equity

Regulatory Capital Requirements

At both June 30, 2018 and December 31, 2017, the Corporation and the Bank were 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, 2018
Total Capital (to Risk-Weighted Assets):
Corporation		$434,571	12.61	%		$275,759	8.00	%	N/A		N/A
Bank	431,320		12.51		275,738		8.00			$344,673	10.00	%
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	408,108		11.84		206,819		6.00		N/A		N/A
Bank	404,857		11.75		206,804		6.00		275,738		8.00
Common Equity Tier 1 Capital (to Risk-Weighted Assets):
Corporation	386,110		11.20		155,115		4.50		N/A		N/A
Bank	404,857		11.75		155,103		4.50		224,037		6.50
Tier 1 Capital (to Average Assets): (1)
Corporation	408,108		8.87		183,980		4.00		N/A		N/A
Bank	404,857		8.80		183,940		4.00		229,925		5.00
December 31, 2017
Total Capital (to Risk-Weighted Assets):
Corporation	416,038		12.45		267,365		8.00		N/A		N/A
Bank	413,593		12.38		267,338		8.00		334,172		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	389,289		11.65		200,524		6.00		N/A		N/A
Bank	386,844		11.58		200,503		6.00		267,338		8.00
Common Equity Tier 1 Capital (to Risk-Weighted Assets):
Corporation	367,291		10.99		150,383		4.50		N/A		N/A
Bank	386,844		11.58		150,378		4.50		217,212		6.50
Tier 1 Capital (to Average Assets): (1)
Corporation	389,289		8.79		177,089		4.00		N/A		N/A
Bank	386,844		8.74		177,048		4.00		221,310		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 1.875% on January 1, 2018. The capital conservation buffer will increase another 0.625% on January 1, 2019 to reach the full 2.50%.