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Regulatory Matters | 12 Months Ended
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Dec. 31, 2015
Regulatory Matters | NOTE 18: REGULATORY MATTERS The Company is subject to examination, regulation, and periodic reporting under the Bank Holding Company Act of 1956, as amended, which is administered by the FRB. The FRB has adopted capital adequacy guidelines for bank holding companies (on a consolidated basis) that are substantially similar to those of the FDIC for the Banks. The following tables present the regulatory capital ratios for the Company at December 31, 2015 and 2014, in comparison with the minimum amounts and ratios required by the FRB for capital adequacy purposes:
|  |  |  |  | Risk-Based Capital |  |  |  |
At December 31, 2015 |  | Common Equity Tier 1 |  |  | Tier 1 |  |  | Total |  |  | Leverage Capital |
(dollars in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total capital |  | $ | 3,558,415 |  |  |  | 10.49 | % |  | $ | 3,644,872 |  |  |  | 10.75 | % |  | $ | 4,086,913 |  |  |  | 12.05 | % |  | $ | 3,644,872 |  |  |  | 7.77 | %
Minimum for capital adequacy purposes |  |  | 1,526,064 |  |  |  | 4.50 |  |  |  | 2,034,752 |  |  |  | 6.00 |  |  |  | 2,713,003 |  |  |  | 8.00 |  |  |  | 1,876,006 |  |  |  | 4.00 |
Excess |  | $ | 2,032,351 |  |  |  | 5.99 | % |  | $ | 1,610,120 |  |  |  | 4.75 | % |  | $ | 1,373,910 |  |  |  | 4.05 | % |  | $ | 1,768,866 |  |  |  | 3.77 | %
|  | Risk-Based Capital |  |  |  |
At December 31, 2014 |  | Tier 1 |  |  | Total |  |  | Leverage Capital |
(dollars in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total regulatory capital |  | $ | 3,731,430 |  |  |  | 12.30 | % |  | $ | 3,919,248 |  |  |  | 12.92 | % |  | $ | 3,731,430 |  |  |  | 8.04 | %
Minimum for capital adequacy purposes |  |  | 1,213,802 |  |  |  | 4.00 |  |  |  | 2,427,605 |  |  |  | 8.00 |  |  |  | 1,856,755 |  |  |  | 4.00 |
Excess |  | $ | 2,517,628 |  |  |  | 8.30 | % |  | $ | 1,491,643 |  |  |  | 4.92 | % |  | $ | 1,874,675 |  |  |  | 4.04 | %
The Banks are subject to regulation, examination, and supervision by the NYSDFS and the FDIC (the “Regulators”). The Banks are also governed by numerous federal and state laws and regulations, including the FDIC Improvement Act of 1991, which established five categories of capital adequacy ranging from well capitalized to critically undercapitalized. Such classifications are used by the FDIC to determine various matters, including prompt corrective action and each institution’s FDIC deposit insurance premium assessments. Capital amounts and classifications are also subject to the Regulators’ qualitative judgments about the components of capital and risk weightings, among other factors. The quantitative measures established to ensure capital adequacy require that banks maintain minimum amounts and ratios of leverage capital to average assets and of common equity Tier 1 capital, Tier 1 capital, and total capital to risk-weighted assets (as such measures are defined in the regulations). At December 31, 2015, the Banks exceeded all the capital adequacy requirements to which they were subject. As of December 31, 2015, the most recent notifications from the FDIC categorized the Community Bank and the Commercial Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as well capitalized, a bank must maintain a minimum common equity Tier 1 risk-based capital ratio of 6.50%; a minimum Tier 1 risk-based capital ratio of 8.00%; a minimum total risk-based capital ratio of 10.00%; and a minimum leverage capital ratio of 5.00%. In the opinion of management, no conditions or events have transpired since said notification to change these capital adequacy classifications. The following tables present the actual capital amounts and ratios for the Community Bank at December 31, 2015 and 2014 in comparison to the minimum amounts and ratios required for capital adequacy purposes.
|  |  |  |  | Risk-Based Capital |  |  |  |
At December 31, 2015 |  | Common Equity Tier 1 |  |  | Tier 1 |  |  | Total |  |  | Leverage Capital |
(dollars in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total capital |  | $ | 3,478,429 |  |  |  | 11.04 | % |  | $ | 3,478,429 |  |  |  | 11.04 | % |  | $ | 3,645,262 |  |  |  | 11.57 | % |  | $ | 3,478,429 |  |  |  | 8.05 | %
Minimum for capital adequacy purposes |  |  | 1,417,588 |  |  |  | 4.50 |  |  |  | 1,890,117 |  |  |  | 6.00 |  |  |  | 2,520,156 |  |  |  | 8.00 |  |  |  | 1,729,021 |  |  |  | 4.00 |
Excess |  | $ | 2,060,841 |  |  |  | 6.54 | % |  | $ | 1,588,312 |  |  |  | 5.04 | % |  | $ | 1,125,106 |  |  |  | 3.57 | % |  | $ | 1,749,408 |  |  |  | 4.05 | %
|  | Risk-Based Capital |  |  |  |
At December 31, 2014 |  | Tier 1 |  |  | Total |  |  | Leverage Capital |
(dollars in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total regulatory capital |  | $ | 3,285,870 |  |  |  | 12.02 | % |  | $ | 3,461,741 |  |  |  | 12.66 | % |  | $ | 3,285,870 |  |  |  | 7.73 | %
Minimum for capital adequacy purposes |  |  | 1,093,835 |  |  |  | 4.00 |  |  |  | 2,187,669 |  |  |  | 8.00 |  |  |  | 1,701,174 |  |  |  | 4.00 |
Excess |  | $ | 2,192,035 |  |  |  | 8.02 | % |  | $ | 1,274,072 |  |  |  | 4.66 | % |  | $ | 1,584,696 |  |  |  | 3.73 | %
The following tables present the actual capital amounts and ratios for the Commercial Bank at December 31, 2015 and 2014 in comparison to the minimum amounts and ratios required for capital adequacy purposes:
|  |  |  |  | Risk-Based Capital |  |  |  |
At December 31, 2015 |  | Common Equity Tier 1 |  |  | Tier 1 |  |  | Total |  |  | Leverage Capital |
(dollars in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total capital |  | $ | 384,221 |  |  |  | 14.15 | % |  | $ | 384,221 |  |  |  | 14.15 | % |  | $ | 400,058 |  |  |  | 14.74 | % |  | $ | 384,221 |  |  |  | 10.01 | %
Minimum for capital adequacy purposes |  |  | 122,152 |  |  |  | 4.50 |  |  |  | 162,870 |  |  |  | 6.00 |  |  |  | 217,160 |  |  |  | 8.00 |  |  |  | 153,507 |  |  |  | 4.00 |
Excess |  | $ | 262,069 |  |  |  | 9.65 | % |  | $ | 221,351 |  |  |  | 8.15 | % |  | $ | 182,898 |  |  |  | 6.74 | % |  | $ | 230,714 |  |  |  | 6.01 | %
|  | Risk-Based Capital |  |  |  |
At December 31, 2014 |  | Tier 1 |  |  | Total |  |  | Leverage Capital |
(dollars in thousands) |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total regulatory capital |  | $ | 364,591 |  |  |  | 12.08 | % |  | $ | 376,538 |  |  |  | 12.47 | % |  | $ | 364,591 |  |  |  | 9.25 | %
Minimum for capital adequacy purposes |  |  | 120,755 |  |  |  | 4.00 |  |  |  | 241,509 |  |  |  | 8.00 |  |  |  | 157,599 |  |  |  | 4.00 |
Excess |  | $ | 243,836 |  |  |  | 8.08 | % |  | $ | 135,029 |  |  |  | 4.47 | % |  | $ | 206,992 |  |  |  | 5.25 | %
As Basel III took effect on January 1, 2015, common equity Tier 1 capital was not measured at December 31, 2014 for the Company or the Banks.

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- Definition The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958577-112826 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958572-112826 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958574-112826 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=35709795&loc=d3e65071-112826 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958569-112826 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958570-112826 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958575-112826 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958568-112826 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958573-112826 + Details
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