| Schedule of Regulatory Capital Amounts and Ratios |
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To Be Well-
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Capitalized Under
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For Capital
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Prompt Corrective
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Actual
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Adequacy Purposes
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Action Provisions
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(In thousands)
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Amount
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Percent
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Amount
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Percent
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Amount
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Percent
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As of December 31, 2013
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Merchants Bancshares, Inc.:
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Tier 1 Leverage Capital
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$
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142,036
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8.44
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%
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$
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67,344
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4.00
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%
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N/A
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N/A
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Tier 1 Risk-Based Capital
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142,036
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14.87
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%
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38,216
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4.00
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%
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N/A
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N/A
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Total Risk-Based Capital
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153,999
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16.12
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%
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76,433
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8.00
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%
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N/A
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N/A
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Merchants Bank:
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Tier 1 Leverage Capital
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$
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139,144
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8.24
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%
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$
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67,530
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4.00
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%
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$
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84,413
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5.00
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%
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Tier 1 Risk-Based Capital
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139,144
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14.47
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%
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38,470
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4.00
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%
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57,705
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6.00
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%
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Total Risk-Based Capital
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151,176
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15.72
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%
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76,940
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8.00
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%
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96,175
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10.00
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%
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As of December 31, 2012
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Merchants Bancshares, Inc.:
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Tier 1 Leverage Capital
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$
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136,004
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8.08
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%
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$
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67,307
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4.00
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%
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N/A
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N/A
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Tier 1 Risk-Based Capital
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136,004
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14.75
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%
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36,887
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4.00
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%
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N/A
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N/A
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Total Risk-Based Capital
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147,505
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16.00
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%
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73,753
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8.00
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%
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N/A
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N/A
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Merchants Bank:
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Tier 1 Leverage Capital
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$
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131,850
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7.81
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%
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$
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67,494
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4.00
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%
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$
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84,367
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5.00
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%
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Tier 1 Risk-Based Capital
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131,850
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14.21
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%
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37,123
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4.00
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%
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55,684
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6.00
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%
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Total Risk-Based Capital
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143,422
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15.45
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%
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74,245
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8.00
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%
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92,806
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10.00
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%
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