XML 49 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
REGULATORY MATTERS
 12 Months Ended
Dec. 31, 2013
REGULATORY MATTERS [Abstract]  
REGULATORY MATTERS
20.REGULATORY MATTERS
 
The Company and the Bank are 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 the financial statements.  Under capital adequacy guidelines, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices.  The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.
 
Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined) and to average assets (as defined).
 
As of December 31, 2013, the most recent notifications from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk‑based, Tier I risk‑based, and Tier I leverage capital ratios as set forth in the table (in thousands). There are no conditions or events since those notifications that management believes has changed the Bank’s category.
 
The Company’s and the Bank’s actual capital amounts and ratios are presented in the table below (in thousands):
 
 
Actual
  
Required for
Minimum Capital
Adequacy Purposes
  
To be Well
Capitalized Under
Prompt Corrective
Action Provisions
 
 
Amount
  
Ratio
  
Amount
  
Ratio
  
Amount
  
Ratio
 
As of December 31, 2013:
            
Total capital to risk weighted assets:
            
Company
 
$
178,343
   
14.19
%
 
$
100,536
   
8.00
%
  
N/A
 
  
N/A
 
Bank
 
$
170,262
   
13.56
%
 
$
100,466
   
8.00
%
 
$
125,582
   
10.00
%
Tier I capital to risk weighted assets:
                        
Company
 
$
169,242
   
13.47
%
 
$
50,268
   
4.00
%
  
N/A
 
  
N/A
 
Bank
 
$
161,283
   
12.84
%
 
$
50,233
   
4.00
%
 
$
75,349
   
6.00
%
Tier I capital to average assets:
                        
Company
 
$
169,242
   
9.35
%
 
$
72,405
   
4.00
%
  
N/A
 
  
N/A
 
Bank
 
$
161,283
   
8.91
%
 
$
72,384
   
4.00
%
 
$
108,576
   
6.00
%
 
Actual
  
Required for
Minimum Capital
Adequacy Purposes
  
To be Well
Capitalized Under
Prompt Corrective
Action Provisions
 
 
Amount
  
Ratio
  
Amount
  
Ratio
  
Amount
  
Ratio
 
As of December 31, 2012:
            
Total capital to risk weighted assets:
            
Company
 
$
165,302
   
14.10
%
 
$
93,770
   
8.00
%
  
N/A
 
  
N/A
 
Bank
 
$
162,159
   
13.84
%
 
$
93,703
   
8.00
%
 
$
117,128
   
10.00
%
Tier I capital to risk weighted assets:
                        
Company
 
$
157,753
   
13.46
%
 
$
46,885
   
4.00
%
  
N/A
 
  
N/A
 
Bank
 
$
154,610
   
13.20
%
 
$
46,851
   
4.00
%
 
$
70,277
   
6.00
%
Tier I capital to average assets:
                        
Company
 
$
157,753
   
11.82
%
 
$
53,399
   
4.00
%
  
N/A
 
  
N/A
 
Bank
 
$
154,610
   
11.58
%
 
$
53,421
   
4.00
%
 
$
80,132
   
6.00
%