REGULATORY CAPITAL REQUIREMENTS

12 Months Ended

Dec. 31, 2014

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS

15. REGULATORY CAPITAL REQUIREMENTS

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 result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital requirements that involve quantitative measures of the Company’s and Bank’s assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classifications also are 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 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, 2014 and 2013, the Company and the Bank met all capital adequacy requirements.

As of December 31, 2014, the most recent notification 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 1 risk-based and Tier 1 leverage ratios as set forth in the table below. Since that notification, there are no conditions or events that management believes have changed the institution’s category.

The Company’s and the Bank’s actual capital amounts and ratios are presented in the following table:

Bridge Bancorp, Inc. (Consolidated)
As of December 31,	2014
(Dollars in thousands)	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount	Ratio
Total Capital (to risk weighted assets)	$	207,340	13.0	%	$	127,445	8.0	%	n/a	n/a
Tier 1 Capital (to risk weighted assets)	189,527		11.9	%	63,722		4.0	%	n/a	n/a
Tier 1 Capital (to average assets)	189,527		8.4	%	90,614		4.0	%	n/a	n/a

As of December 31,	2013
(Dollars in thousands)	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount	Ratio
Total Capital (to risk weighted assets)	$	202,039	16.3	%	$	99,108	8.0	%	n/a	n/a
Tier 1 Capital (to risk weighted assets)	186,547		15.1	%	49,554		4.0	%	n/a	n/a
Tier 1 Capital (to average assets)	186,547		10.3	%	72,476		4.0	%	n/a	n/a

Bridgehampton National Bank
As of December 31,	2014
(Dollars In thousands)	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to risk weighted assets)	$	206,633	13.0	%	$	127,427	8.0	%	$	159,284	10.0	%
Tier 1 Capital (to risk weighted assets)	188,820		11.9	%	63,714		4.0	%	95,571		6.0	%
Tier 1 Capital (to average assets)	188,820		8.3	%	90,617		4.0	%	113,271		5.0	%

As of December 31,	2013
(Dollars in thousands)	Actual				For Capital Adequacy Purposes				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to risk weighted assets)	$	164,494	13.3	%	$	99,084	8.0	%	$	123,855	10.0	%
Tier 1 Capital (to risk weighted assets)	149,005		12.0	%	49,542		4.0	%	74,313		6.0	%
Tier 1 Capital (to average assets)	149,005		8.2	%	72,464		4.0	%	90,580		5.0	%