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Dividend Restriction
12 Months Ended
Dec. 31, 2012
Dividend Restriction  
Dividend Restriction

(16) Dividend Restriction

 

Bancorp’s principal source of cash revenues is dividends received from the Bank.  On January 1 of any year, the Bank’s regulatory dividend restriction represents the Bank’s net income of the prior two years less any dividends paid for the same two years.  At December 31, 2012, the Bank may pay up to $55.0 million in dividends to Bancorp without regulatory approval subject to the ongoing capital requirements of the Bank.