| The Company's and the Bank's Actual Capital Amounts and Ratios |
The
Company’s and the Bank’s actual capital amounts and
ratios follow:
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Actual |
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Minimum
Capital
Requirement |
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Minimum
To Be
Well
Capitalized
Under
Prompt
Corrective
Action
Provisions |
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Amount |
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Ratio |
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Amount |
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Ratio |
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Amount |
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Ratio |
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(Dollars in
thousands) |
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December 31,
2013
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Total Capital (to Risk
Weighted Assets):
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Company
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$ |
259,577 |
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10.8 |
% |
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$ |
192,797 |
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8.0 |
% |
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N/A |
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N/A |
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Bank
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246,100 |
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10.2 |
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192,511 |
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8.0 |
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$ |
240,639 |
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10.0 |
% |
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Tier 1 Capital (to Risk
Weighted Assets):
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Company
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231,342 |
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9.6 |
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96,398 |
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4.0 |
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N/A |
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N/A |
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Bank
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217,865 |
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9.1 |
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96,256 |
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4.0 |
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144,383 |
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6.0 |
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Tier 1 Capital (to Average
Assets):
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Company
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231,342 |
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8.7 |
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105,999 |
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4.0 |
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N/A |
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N/A |
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Bank
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217,865 |
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8.2 |
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105,702 |
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4.0 |
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132,127 |
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5.0 |
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December 31,
2012
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Total Capital (to Risk
Weighted Assets):
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Company
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$ |
237,527 |
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11.9 |
% |
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$ |
159,344 |
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8.0 |
% |
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N/A |
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N/A |
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Bank
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201,113 |
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10.2 |
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157,224 |
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8.0 |
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$ |
196,531 |
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10.0 |
% |
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Tier 1 Capital (to Risk
Weighted Assets):
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Company
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215,255 |
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10.8 |
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79,672 |
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4.0 |
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N/A |
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N/A |
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Bank
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178,852 |
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9.1 |
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78,612 |
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4.0 |
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117,918 |
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6.0 |
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Tier 1 Capital (to Average
Assets):
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Company
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215,255 |
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9.7 |
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88,858 |
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4.0 |
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N/A |
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N/A |
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Bank
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178,852 |
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8.2 |
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87,742 |
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4.0 |
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109,678 |
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5.0 |
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| Reconciliation of the Company's and Banks Stockholders Equity to Regulatory Capital |
A reconciliation
of the Company’s and Bank’s stockholders’ equity
to regulatory capital follows:
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December 31,
2013 |
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December 31,
2012 |
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Consolidated |
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Bank |
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Consolidated |
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Bank |
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(In
thousands) |
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Total stockholders’
equity per financial statements
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$ |
249,205 |
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$ |
235,728 |
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$ |
233,943 |
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$ |
197,399 |
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Adjustments to Tier 1
capital:
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Accumulated other
comprehensive income
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(4,104 |
) |
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(4,104 |
) |
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(4,915 |
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(4,774 |
) |
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Goodwill
disallowed
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(13,687 |
) |
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(13,687 |
) |
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(13,687 |
) |
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(13,687 |
) |
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Servicing assets
disallowed
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(72 |
) |
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(72 |
) |
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(86 |
) |
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(86 |
) |
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Total Tier 1
capital
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231,342 |
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217,865 |
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215,255 |
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178,852 |
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Adjustments to total
capital:
|
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Allowance for loan
losses
|
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|
25,335 |
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|
25,335 |
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|
20,504 |
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|
20,504 |
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45% of net unrealized gains
on marketable equity securities
|
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|
2,900 |
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|
2,900 |
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|
1,768 |
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|
1,757 |
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|
Total regulatory
capital
|
|
$ |
259,577 |
|
|
$ |
246,100 |
|
|
$ |
237,527 |
|
|
$ |
201,113 |
|
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