Pending Sale of Subsidiary Banks

9 Months Ended

Sep. 30, 2012

Pending Sale of Subsidiary Banks [Abstract]

Pending Sale of Subsidiary Banks [Text Block]

Note J – Pending Sale of Subsidiary Banks

In addition to completed sales of certain bank subsidiaries (see Note F), Capitol has entered into a definitive agreement to sell its controlling interest held by a bank-development subsidiary in High Desert Bank.  Total proceeds from this pending sale are expected to approximate $760,000, resulting in a projected loss of $92,000 (less than $0.01 per common share) based on Capitol's investment in the bank as of September 30, 2012.  The sale is expected to be consummated in November 2012, subject to regulatory approval and other contingencies.