Note 13 - Regulatory Capital

12 Months Ended

Dec. 31, 2011

Regulatory Capital Requirements under Banking Regulations [Text Block]

13. Regulatory Capital

The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) imposes a number of mandatory supervisory measures on banks and thrift institutions. Among other matters, FDICIA established five capital zones or classifications (well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized). Such classifications are used by the Office of the Comptroller of the Currency (“OCC”) and other bank regulatory agencies to determine matters ranging from each institution’s quarterly FDIC deposit insurance premium assessments, to approvals of applications authorizing institutions to grow their asset size or otherwise expand business activities. Under OCC capital regulations, the Savings Bank is required to comply with each of three separate capital adequacy standards. As of December 31, 2010, the Savings Bank continues to be categorized as “well-capitalized” by the OCC under the prompt corrective action regulations and continues to exceed all regulatory capital requirements.

Set forth below is a summary of the Savings Bank’s compliance with OCC capital standards.

	December 31, 2011					December 31, 2010
	Amount		Percent of Assets			Amount		Percent of Assets
	(Dollars in thousands)
Tier I (leverage) capital:
Capital level	$	410,356		9.63	%	$	395,284		9.18	%
Requirement to be well capitalized		213,156		5.00			215,379		5.00
Excess		197,200		4.63			179,905		4.18
Tier I risk-based capital:
Capital level	$	410,356		14.26	%	$	395,284		13.07	%
Requirement to be well capitalized		172,611		6.00			181,462		6.00
Excess		237,745		8.26			213,822		7.07
Total risk-based capital:
Capital level	$	440,700		15.32	%	$	422,983		13.98	%
Requirement to be well capitalized		287,684		10.00			302,476		10.00
Excess		153,016		5.32			120,507		3.98

FCB is subject to identical capital standards. At December 31, 2011, FCB’s tangible, leverage and core, and risk-based capital ratios were 9.91%, 63.39%, and 63.39%, respectively. FCB was categorized “well-capitalized” under regulatory guidelines at December 31, 2011.