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Note 13 - Undivided Profits
6 Months Ended
Jun. 30, 2015
Disclosure of Restrictions on Dividends, Loans and Advances Disclosure [Abstract]  
Restrictions on Dividends, Loans and Advances [Text Block]

NOTE 13: UNDIVIDED PROFITS


The Company’s subsidiaries are subject to a legal limitation on dividends that can be paid to the parent company without prior approval of the applicable regulatory agencies.  The approval of the Comptroller of the Currency is required, if the total of all dividends declared by a national bank in any calendar year exceeds the total of its net profits, as defined, for that year combined with its retained net profits of the preceding two years.  At June 30, 2015, the Company’s subsidiary banks had approximately $22.8 million available for payment of dividends to the Company, without prior regulatory approval.


The risk-based capital guidelines of the Federal Reserve Board and the Office of the Comptroller of the Currency include the definitions for (1) a well-capitalized institution, (2) an adequately-capitalized institution, and (3) an undercapitalized institution.  Under the newly adopted Basel III Rules, the criteria for a well-capitalized institution are: a 5% "Tier l leverage capital" ratio, an 8% "Tier 1 risk-based capital" ratio, 10% "total risk-based capital" ratio; and a 6.50% “common equity Tier 1 (“CETI”) ratio.  As of June 30, 2015, The Company’s subsidiary banks met the capital standards for a well-capitalized institution.  The Company's CET1 ratio was 13.63% at June 30, 2015.