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Regulatory Capital Requirements
 12 Months Ended
Dec. 31, 2015
Regulatory Capital Requirements [Abstract]  
Regulatory Capital Requirements
Regulatory Capital Requirements

The Company and Bank are subject to various regulatory capital requirements administered by the FRB and the OCC. Failure to meet minimum capital requirements can result in mandatory and possible additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements.

Effective January 1, 2015, the Company implemented the Basel III regulatory capital framework. These new rules and framework revised minimum capital requirements and adjusted prompt corrective action thresholds. The Company and Bank are required to maintain certain levels of capital based on risk-adjusted assets. These capital requirements represent quantitative measures of our assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Company and Bank's capital classification is also subject to qualitative judgments by our regulators about components, risk weightings and other factors. Under the Basel III regulatory capital framework, the quantitative measures established to ensure capital adequacy require us to maintain minimum amounts and ratios of total, Tier I capital, and common equity Tier I (as defined in the applicable regulations) to risk-weighted assets (as defined in the applicable regulations), and of Tier I capital to average assets, or leverage ratio (as defined in the applicable regulations). These guidelines apply to the Company on a consolidated basis. Under the current guidelines, banking organizations must have a minimum total risk-based capital ratio of 8.0%, a minimum Tier I risk-based capital ratio of 6.0%, a minimum common equity Tier I risk-based capital ratio of 4.5%, and a minimum leverage ratio of 4.0%. In addition to these requirements, banking organization must maintain a 2.5% capital conservation buffer consisting of common Tier I equity, subject to a transition schedule with a full phase-in by 2019.

The Company and Bank's risk-based capital ratios exceeded regulatory guidelines at December 31, 2015 under the newly implemented Basel III regulatory capital framework. The Company and Bank's risk-based capital ratios under prior rules at December 31, 2014 also exceeded regulatory capital requirements under previous regulatory capital requirements in place. The following table presents the Company and Bank's regulatory capital ratios at the periods indicated:
 
 
Current Regulatory Guidance
 
Prior Regulatory Guidance
 
 
December 31,
2015
 
Minimum Regulatory Capital Required For Capital Adequacy Purposes
 
Minimum Regulatory Provision To Be "Well Capitalized" Under Prompt Corrective Action Provisions
 
December 31,
2014
 
Minimum Regulatory Capital Required For Capital Adequacy Purposes
 
Minimum Regulatory Provision To Be "Well Capitalized" Under Prompt Corrective Action Provisions
 
 
Amount
 
Ratio
 
 
 
Amount
 
Ratio
 
 
Camden National Corporation:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total risk-based capital ratio
 
$
335,740


12.98
%

8.00
%

N/A

 
$
269,497


15.16
%

8.00
%

N/A

Tier I risk-based capital ratio
 
299,552


11.58
%

6.00
%

N/A

 
248,363


13.97
%

4.00
%

N/A

Common equity Tier I risk-based capital ratio(1)
 
269,350


10.42
%

4.50
%

N/A

 
N/A


N/A


N/A


N/A

Tier I leverage capital ratio
 
299,552

 
8.74
%
 
4.00
%
 
N/A

 
248,363

 
9.26
%
 
4.00
%
 
N/A

Camden National Bank:
 
 

 

 

 
 
 

 

 

 
Total risk-based capital ratio
 
$
304,847


11.75
%

8.00
%

10.00
%
 
$
244,351


13.85
%

8.00
%

10.00
%
Tier I risk-based capital ratio
 
283,659


10.93
%

6.00
%

8.00
%
 
223,218


12.65
%

4.00
%

6.00
%
Common equity Tier I risk-based capital ratio(1)
 
283,659

 
10.93
%
 
4.50
%
 
6.50
%
 
N/A

 
N/A

 
N/A

 
N/A

Tier I leverage capital ratio
 
283,659

 
8.33
%
 
4.00
%
 
5.00
%
 
223,218

 
8.38
%
 
4.00
%
 
5.00
%

(1)
Common equity Tier I risk-based capital ratio was a new risk-based capital ratio implemented with Basel III on January 1, 2015.

In addition, the OCC requires a minimum level of $2.5 million of Tier I capital to be maintained at Acadia Trust. As of December 31, 2015 and 2014, Acadia Trust met all of its capital requirements.

Although the subordinated debentures are recorded as a liability on the Company's consolidated statements of condition, the Company is permitted, in accordance with regulatory guidelines, to include, subject to certain limits, the subordinated debentures in our calculation of risk-based capital. At December 31, 2015 and 2014, $43.0 million of the subordinated debentures were included in Tier I and total risk-based capital for the Company. Additionally, on October 8, 2015, the Company issued $15.0 million of subordinated debentures in connection with the acquisition of SBM. The subordinated debentures qualified as Tier II capital and were included in total risk-based capital for the Company at December 31, 2015.