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Capital Requirements and Restrictions on Retained Earnings | 12 Months Ended
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Dec. 31, 2017
Banking and Thrift [Abstract] |
Capital Requirements and Restrictions on Retained Earnings | 18. Capital Requirements and Restrictions on Retained Earnings Banks and financial holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, for the Bank, prompt corrective action (PCA) regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can result in regulatory enforcement actions. Under the Basel III rules, the Corporation and Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.50% by 2019. The capital conservation buffer for 2017 is 1.25% and for 2016 is 0.625%. The net unrealized gain or loss on available for sale securities are excluded from computing regulatory capital. Management believes as of December 31, 2017 the Corporation and Bank meet all capital adequacy requirements to which they are subject. The PCA regulations provide five capital categories: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms alone do not represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion; brokered deposits may not be accepted, renewed or rolled over; and capital restoration plans are required. As of December 31, 2017 and 2016, the most recent regulatory notifications categorized the Bank as well capitalized under the PCA regulatory framework. There are no events or conditions since this notification that management believes have changed the Bank’s capital category. Actual and required capital amounts and ratios are presented below as of December 31, 2017 and 2016. The capital adequacy ratio includes the capital conservation buffer.
|  | Actual |  |  | For Capital Adequacy Purposes |  |  | To Be Well Capitalized Under Prompt Corrective Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $297,708 |  |  |  | 14.32 | % |  |  | $192,341 |  |  |  | 9.25% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $279,704 |  |  |  | 13.58 | % |  |  | $190,513 |  |  |  | 9.25% |  |  |  | $205,960 |  |  |  | 10.00% |
Tier 1 (Core) Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $228,015 |  |  |  | 10.97 | % |  |  | $150,754 |  |  |  | 7.25% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $261,643 |  |  |  | 12.70 | % |  |  | $149,321 |  |  |  | 7.25% |  |  |  | $164,768 |  |  |  | 8.00% |
Common equity Tier 1 to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $208,015 |  |  |  | 10.00 | % |  |  | $119,563 |  |  |  | 5.75% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $254,264 |  |  |  | 12.35 | % |  |  | $118,427 |  |  |  | 5.75% |  |  |  | $133,874 |  |  |  | 6.50% |
Tier 1 (Core) Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $228,015 |  |  |  | 8.45 | % |  |  | $107,969 |  |  |  | 4.00% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $261,643 |  |  |  | 9.80 | % |  |  | $106,798 |  |  |  | 4.00% |  |  |  | $133,498 |  |  |  | 5.00% |
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $261,530 |  |  |  | 14.05 | % |  |  | $160,501 |  |  |  | 8.625% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $242,592 |  |  |  | 13.19 | % |  |  | $158,590 |  |  |  | 8.625% |  |  |  | $183,873 |  |  |  | 10.00% |
Tier 1 (Core) Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $195,200 |  |  |  | 10.49 | % |  |  | $123,283 |  |  |  | 6.625% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $228,109 |  |  |  | 12.41 | % |  |  | $121,816 |  |  |  | 6.625% |  |  |  | $147,098 |  |  |  | 8.00% |
Common equity Tier 1 to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $175,200 |  |  |  | 9.41 | % |  |  | $95,370 |  |  |  | 5.125% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $220,730 |  |  |  | 12.00 | % |  |  | $94,235 |  |  |  | 5.125% |  |  |  | $119,517 |  |  |  | 6.50% |
Tier 1 (Core) Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  |  | $195,200 |  |  |  | 7.85 | % |  |  | $99,430 |  |  |  | 4.00% |  |  |  | N/A |  |  |  |  |
Bank |  |  | $228,109 |  |  |  | 9.36 | % |  |  | $97,527 |  |  |  | 4.00% |  |  |  | $121,909 |  |  |  | 5.00% |
The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective for the Company on January 1, 2015 with full compliance with all of the requirements being phased in over a multi-year schedule, and fully phased in by January 1, 2019. The net unrealized gain or loss on available for sales securities is included in computing regulatory capital. Certain restrictions exist regarding the ability of the Bank to transfer funds to the Corporation in the form of cash dividends, loans or advances. During 2018, $30,615 of accumulated net earnings of the Bank included in consolidated stockholders’ equity, plus any 2018 net profits retained to the date of the dividend declared, is available for distribution to the Corporation as dividends without prior regulatory approval, subject to regulatory capital requirements described above.

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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=84167132&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=84167132&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=84167132&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=84167132&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=84167132&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=84167132&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=84167132&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=84167132&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=84167132&loc=SL5958573-112826 + Details
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