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Capital Ratios
 6 Months Ended
Jun. 30, 2012
Capital Ratios  
Capital Ratios

Note 11 — Capital Ratios

 

The Company had a Tier 1 capital to average total asset (leverage) ratio of 12.83% and 12.74%, risk-weighted Tier 1 capital ratio of 23.12% and 22.73% and risk-weighted total capital ratio of 24.29% and 23.99% at June 30, 2012 and December 31, 2011, respectively.  The identified intangibles and goodwill of $292,533,000 as of June 30, 2012, recorded in connection with the acquisitions made by the Company, are deducted from the sum of core capital elements when determining the capital ratios of the Company.  Under applicable regulatory guidelines, the Capital Securities issued by the Trusts qualify as Tier 1 capital up to a maximum of 25% of tier 1 capital on an aggregate basis.  Any amount that exceeds the 25% threshold qualifies as Tier 2 capital.  As of June 30, 2012, the total of $190,726,000 of the Capital Securities outstanding qualified as Tier 1 capital.  The Company actively monitors the regulatory capital ratios to ensure that the Company’s bank subsidiaries are well capitalized under the regulatory framework.