Retained Earnings

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Retained Earnings

Retained Earnings

Transfers of funds from the banking subsidiary to the Parent Company in the form of loans, advances, and cash dividends are restricted by federal and state regulatory authorities.  Federal regulations limit the payment of dividends to the sum of a bank’s current net income and retained net income of the two prior years.  As of December 31, 2014, the subsidiary bank had approximately $15.2 million in excess of regulatory limitations available for transfer to the Parent Company.