Note 13 - Regulatory

3 Months Ended

Mar. 31, 2012

Regulatory Capital Requirements under Banking Regulations [Text Block]

13.           Regulatory

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.

At March 31, 2012, the Savings Bank exceeded each of the three capital requirements and is categorized as “well-capitalized” under the prompt corrective action regulations.  Set forth below is a summary of the Savings Bank’s compliance:

(Dollars in thousands)	Amount		Percent of Assets
Core Capital:
Capital level	$	413,220		9.54	%
Well capitalized		216,624		5.00
Excess		196,596		4.54
Tier 1 Risk-Based Capital:
Capital level	$	413,220		13.98	%
Well capitalized		177,310		6.00
Excess		235,910		7.98
Risk-Based Capital:
Capital level	$	443,838		15.02	%
Well capitalized		295,517		10.00
Excess		148,321		5.02