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RegulatoryMatters | 9 Months Ended
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Sep. 30, 2014
Regulatory Capital Requirements [Abstract] |
Regulatory Matters | NOTE 12 - Regulatory Matters The Company (on a consolidated basis), TSB and TCB are subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s, TSB’s, or TCB’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company, TSB, and TCB must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulations to ensure capital adequacy require the Company, TSB, and TCB to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital to risk weighted assets, and of Tier 1 capital to average assets. As of September 30, 2014, TSB’s and TCB’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized” they must maintain minimum total risk based, Tier 1 risk based, and Tier 1 leverage ratios as set forth in the table. At September 30, 2014, the most recent notification categorized TSB and TCB as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events since September 30, 2014 that management believes would change either institution’s category. In July 2013, federal banking regulators released final rules for the regulation of capital and liquidity for U.S. banking organizations, establishing a new comprehensive capital framework (Basel III) for U.S. banking organizations that will become effective for reporting periods beginning after January 1, 2015 (subject to a phase-in period through January 2019). In addition, under the final rules, bank holding companies with less than $15 billion in assets as of December 31, 2009 are allowed to continue to include junior subordinated debentures in Tier 1 capital, subject to certain restrictions. However, if an institution grows to above $15 billion in assets as a result of an acquisition, or organically grows to above $15 billion in assets and then makes an acquisition, the combined trust preferred issuances must be phased out of Tier 1 and into Tier 2 capital (75% in 2015 and 100% in 2016). It is possible that the Company may accelerate redemption of the existing junior subordinated debentures. All of the debentures issued to the Trusts, less the common stock of the Trusts, qualified as Tier 1 capital as of September 30, 2014, under guidance issued by the Board of Governors of the Federal Reserve System. The actual capital amounts and ratios for the Company, TSB, and TCB are presented in the following table as of September 30, 2014 and December 31, 2013:
|  |  |  |  | To Be Adequately |  |  | To Be Well |
|  |  |  |  | Capitalized Under |  |  | Capitalized Under |
|  |  |  |  | Prompt Corrective |  |  | Prompt Corrective |
|  | Actual |  |  | Action Provisions |  |  | Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
As of September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $ | 167,709 |  |  |  | 15.3% |  |  | $ | 87,863 |  |  |  | 8.0% |  |  | N/A |  |  | N/A |
Triumph Savings Bank, SSB |  | $ | 54,819 |  |  |  | 16.9% |  |  | $ | 26,027 |  |  |  | 8.0% |  |  | $ | 32,534 |  |  |  | 10.0% |
Triumph Community Bank |  | $ | 111,152 |  |  |  | 14.5% |  |  | $ | 61,428 |  |  |  | 8.0% |  |  | $ | 76,785 |  |  |  | 10.0% |
Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $ | 160,280 |  |  |  | 14.6% |  |  | $ | 43,942 |  |  |  | 4.0% |  |  | N/A |  |  | N/A |
Triumph Savings Bank, SSB |  | $ | 51,250 |  |  |  | 15.8% |  |  | $ | 13,008 |  |  |  | 4.0% |  |  | $ | 19,511 |  |  |  | 6.0% |
Triumph Community Bank |  | $ | 107,293 |  |  |  | 14.0% |  |  | $ | 30,714 |  |  |  | 4.0% |  |  | $ | 46,071 |  |  |  | 6.0% |
Tier 1 capital (to average assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $ | 160,280 |  |  |  | 12.2% |  |  | $ | 52,551 |  |  |  | 4.0% |  |  | N/A |  |  | N/A |
Triumph Savings Bank, SSB |  | $ | 51,250 |  |  |  | 12.8% |  |  | $ | 15,991 |  |  |  | 4.0% |  |  | $ | 19,988 |  |  |  | 5.0% |
Triumph Community Bank |  | $ | 107,293 |  |  |  | 11.9% |  |  | $ | 36,162 |  |  |  | 4.0% |  |  | $ | 45,203 |  |  |  | 5.0% |
As of December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $ | 145,722 |  |  |  | 14.5% |  |  | $ | 80,398 |  |  |  | 8.0% |  |  | N/A |  |  | N/A |
Triumph Savings Bank, SSB |  | $ | 50,985 |  |  |  | 16.4% |  |  | $ | 24,871 |  |  |  | 8.0% |  |  | $ | 31,088 |  |  |  | 10.0% |
Triumph Community Bank |  | $ | 89,690 |  |  |  | 13.0% |  |  | $ | 55,194 |  |  |  | 8.0% |  |  | $ | 68,992 |  |  |  | 10.0% |
Tier 1 capital (to risk weighted assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $ | 142,077 |  |  |  | 14.1% |  |  | $ | 40,306 |  |  |  | 4.0% |  |  | N/A |  |  | N/A |
Triumph Savings Bank, SSB |  | $ | 48,064 |  |  |  | 15.5% |  |  | $ | 12,404 |  |  |  | 4.0% |  |  | $ | 18,605 |  |  |  | 6.0% |
Triumph Community Bank |  | $ | 88,921 |  |  |  | 12.9% |  |  | $ | 27,572 |  |  |  | 4.0% |  |  | $ | 41,359 |  |  |  | 6.0% |
Tier 1 capital (to average assets) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Triumph Bancorp, Inc. |  | $ | 142,077 |  |  |  | 12.9% |  |  | $ | 44,055 |  |  |  | 4.0% |  |  | N/A |  |  | N/A |
Triumph Savings Bank, SSB |  | $ | 48,064 |  |  |  | 13.6% |  |  | $ | 14,136 |  |  |  | 4.0% |  |  | $ | 17,671 |  |  |  | 5.0% |
Triumph Community Bank |  | $ | 88,921 |  |  |  | 10.1% |  |  | $ | 35,216 |  |  |  | 4.0% |  |  | $ | 44,020 |  |  |  | 5.0% |
Triumph has made certain commitments to the Federal Reserve Bank, including maintaining TSB’s leverage capital ratio (Tier 1 capital to average assets) at no less than 12.0% until January 1, 2015. TCB’s board of directors has agreed to maintain a minimum Tier 1 capital to average assets ratio of 8.0% of adjusted average assets and total risk-based ratio of 10.0%. Dividends paid by banks are limited to, without prior regulatory approval, current year earnings and earnings less dividends paid during the preceding two years.

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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 1B -URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958570-112826 Reference 2: 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 3: 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 Reference 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 + Details
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