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Stockholders' Equity
 3 Months Ended
Mar. 31, 2012
Stockholders' Equity [Abstract]  
Stockholders' Equity

(8)     STOCKHOLDERS' EQUITY

In November 1999, the Company adopted a Stock Repurchase Program (the "SRP"). The SRP may be used as a means to increase earnings per share and return on equity, to purchase treasury stock for the exercise of stock options or for distributions under the Deferred Stock Compensation Plan, to provide liquidity for optionees to dispose of stock from exercises of their stock options, and to provide liquidity for stockholders wishing to sell their stock. All shares repurchased under the SRP have been retired and not held as treasury stock. The timing, price and amount of stock repurchases under the SRP may be determined by management and approved by the Company's Executive Committee. At March 31, 2012 there were 241,751 shares remaining that could be repurchased under the SRP. The Company did not repurchase shares under the SRP for the three months ended March 31, 2012 or 2011.

The Company and BancFirst are subject to risk-based capital guidelines issued by the Board of Governors of the Federal Reserve System and FDIC. These guidelines are used to evaluate capital adequacy and involve both quantitative and qualitative evaluations of the Company's and BancFirst's assets, liabilities, and certain off-balance-sheet items calculated under regulatory practices. Failure to meet the minimum capital requirements can initiate certain mandatory or discretionary actions by the regulatory agencies that could have a direct material effect on the Company's financial statements. Management believes, as of March 31, 2012, that the Company and BancFirst met all capital adequacy requirements to which they are subject. The required capital amounts and the Company's and BancFirst's respective ratios are shown in the following table:

 

     Actual     For Capital
Adequacy
Purposes		     To Be Well
Capitalized Under
Prompt Corrective
Action Provisions		  
     Amount      Ratio     Amount      Ratio     Amount      Ratio  
     (Dollars in thousands)  

As of March 31, 2012:

                

Total Capital

                

(to Risk Weighted Assets)-

                

BancFirst Corporation

    $ 500,912         14.84 %    $ 270,097         8.00 %      N/A         N/A   

BancFirst

      467,796         13.88 %      269,589         8.00 %    $ 336,986         10.00 % 

Tier 1 Capital

                

(to Risk Weighted Assets)-

                

BancFirst Corporation

    $ 463,279         13.72 %    $ 135,048         4.00 %      N/A         N/A   

BancFirst

      430,163         12.76 %      134,795         4.00 %    $ 202,192         6.00 % 

Tier 1 Capital

                

(to Total Assets)-

                

BancFirst Corporation

    $ 463,279         8.15 %    $ 172,203         3.00 %      N/A         N/A   

BancFirst

      430,163         7.58 %      171,674         3.00 %    $ 286,123         5.00 % 

As of March 31, 2012, BancFirst was considered to be "well capitalized". To be well capitalized under Federal bank regulatory agency definitions, a depository institution must have a Tier 1 Ratio of at least 6%, a combined Tier 1 and Tier 2 Ratio of at least 10%, and a Leverage Ratio of at least 5%. The Company's trust preferred securities will continue to be included in Tier 1 capital as the Company's total assets do not exceed $10 billion. There are no conditions or events since the most recent notification of BancFirst's capital category that management believes would materially change its category.