Regulatory Capital

12 Months Ended

Dec. 31, 2011

Regulatory Capital [Abstract]

Regulatory Capital

Note 12 — Regulatory Capital

The Bank is 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 Bank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital requirements that involve quantitative measures of the Bank's assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. The Bank's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weighting, and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of December 31, 2011, that the Bank met all capital adequacy requirements to which it is subject.

The Bank is also subject to individual minimum capital ratios established by the OCC requiring the Bank to maintain Tier 1 Leverage Capital ratio of at least equal to 8.00 percent of adjusted total assets, to maintain a Tier 1 Risk-Based Capital ratio at least equal to 10.50 percent of risk-weighted assets, and to maintain a Total Risk-Based Capital ratio at least equal to 12.00 percent of risk-weighted assets. At December 31, 2011, the Bank met all three capital ratios. See also Note 13—Regulatory Agreements.

The Bank's actual capital amounts and ratios are also presented in the following table: (dollars in thousands)

	Actual capital ratios					Minimum for capital adequacy					Minimum to be "Well Capitalized" under prompt corrective action provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
As of December 31, 2011
Total Capital (to risk-weighted assets)	$	146,990		14.21	%	$	82,756		8.00	%	$	103,445		10.00	%
Tier 1 Capital (to risk-weighted assets)		133,716		12.93	%		41,378		4.00	%		62,067		6.00	%
Tier 1 Capital (to average assets)		133,716		8.81	%		60,726		4.00	%		75,907		5.00	%
As of December 31, 2010 (Restated)
Total Capital (to risk-weighted assets)	$	151,115		12.43	%	$	97,249		8.00	%	$	121,561		10.00	%
Tier 1 Capital (to risk-weighted assets)		135,752		11.17	%		48,624		4.00	%		72,937		6.00	%
Tier 1 Capital (to average assets)		135,752		8.12	%		66,872		4.00	%		83,591		5.00	%

At December 31, 2011, Suffolk's Tier 1 Leverage Capital ratio was 8.85 percent of adjusted total assets, Tier 1 Risk-Based Capital ratio was 12.98 percent of risk-weighted assets, and Total Risk-Based Capital ratio was 14.26 percent of risk-weighted assets. At December 31, 2010, Suffolk's Tier 1 Leverage Capital ratio was 8.26 percent of adjusted total assets, Tier 1 Risk-Based Capital ratio was 11.36 percent of risk-weighted assets, and Total Risk-Based Capital ratio was 12.62 percent of risk-weighted assets.