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16. Capital
 12 Months Ended
Jun. 30, 2013
Notes  
16. Capital

16.     Capital

As a savings and loan holding company regulated by the Federal Reserve Board, the Company is not currently subject to any separate regulatory capital requirements, however, the Bank must maintain various minimum capital ratios established by banking regulators to be categorized as well capitalized. Failure of the Bank to maintain these minimum capital ratios may be deemed to constitute an unsafe and unsound banking practice and could subject the Bank to regulatory action. As of June 30, 2013, the most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category.

 

The Bank’s actual and required minimum capital amounts and ratios as of June 30, 2013 and 2012, are presented below:

 

 

 

 

Actual

 

For Capital Adequacy Purposes

 

 

To Be Well Capitalized Under Prompt Corrective Action Provisions

 

 

 

Amount

 

Ratio

 

 

Amount

 

Ratio

 

 

Amount

 

Ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2013:

 

 

 

 

 

  

 

 

  

 

  

 

 

  

 

Tier I Capital (to Total Adjusted Assets)

  

$

228,454

  

15.25%

 

$

59,920

 

4.00%

 

$

74,901

 

5.00%

Tier I Capital (to Risk-weighted Assets)

 

$

228,454

 

21.89%

 

$

-

 

-%

 

$

62,620

 

6.00%

Total Risk-based Capital (to Risk- weighted Assets)

 

$

241,736

 

23.16%

 

$

83,493

 

8.00%

 

$

104,367

 

10.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier I Capital (to Total Adjusted Assets)

 

$

122,273

 

7.32%

 

$

66,801

 

4.00%

 

$

83,502

 

5.00%

Tier I Capital (to Risk-weighted Assets)

 

$

122,273

 

11.18%

 

$

-

 

-%

 

$

65,634

 

6.00%

Total Risk-based Capital (to Risk- weighted Assets)

 

$

136,216

 

12.45%

 

$

87,512

 

8.00%

 

$

109,390

 

10.00%

 

 

A reconciliation of the Bank’s total equity capital under US GAAP and regulatory capital amounts follows:

 

 

 

June 30,

2013

2012

 

 

 

Total equity capital under US GAAP

$276,669

$172,485 

Accumulated other comprehensive (income) loss, net of tax

29

(181) 

Investment in nonincludable subsidiary

(696)

(898)

Disallowed deferred tax assets

(47,428)

(48,927)

Other

(120)

(206)

Tier I Capital

228,454 

122,273 

Allowable portion of allowance for loan losses

13,282 

13,943 

Total Risk-based Capital

$241,736 

$136,216