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Restatement of Financial Information | 9 Months Ended
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Sep. 30, 2013
Restatement of Financial Information [Abstract] |
Restatement of Financial Information [Text Block] | Note 14 – Restatement of Financial Information Subsequent to the filing of the Company’s Form 10-Q for the third quarter of 2013, management determined that the regulatory capital ratios previously reported for the Company and Talbot Bank required modification due to a change in deferred income taxes. This adjustment to deferred income taxes was a result of a reclassification from income taxes receivable to reflect what the Company will receive through carryback claims. The change in deferred income taxes impacted the disallowed deferred tax assets (“DTA”) in the calculations of the regulatory capital ratios. The following tables provide information on the originally reported and restated amounts for income taxes receivable and deferred income taxes, and regulatory capital ratios at September 30, 2013.
|  | As originally |  |  |  |  |
(Dollars in thousands) |  | reported |  | Adjustment |  | As restated |
Income taxes receivable |  | $ | 12,698 |  | $ | (10,625) |  | $ | 2,073 |
Deferred income taxes |  |  | 9,740 |  |  | 10,625 |  |  | 20,365 |
|  | As originally |  |  | Adjustment |  |  |
|  | reported |  |  | (basis points) |  | As restated |
The Company |  |  |  |  |  |  |  |  |  |  |
Tier 1 risk-based capital ratio |  |  | 11.21 | % |  |  | (189) |  |  | 9.32 | %
Total risk-based capital ratio |  |  | 12.44 | % |  |  | (187) |  |  | 10.57 | %
Leverage ratio |  |  | 8.25 | % |  |  | (143) |  |  | 6.82 | %
Talbot Bank |  |  |  |  |  |  |  |  |  |  |
Tier 1 risk-based capital ratio |  |  | 8.44 | % |  |  | (215) |  |  | 6.29 | %
Total risk-based capital ratio |  |  | 9.70 | % |  |  | (215) |  |  | 7.55 | %
Leverage ratio |  |  | 6.59 | % |  |  | (170) |  |  | 4.89 | %
The Company’s restated capital ratios remain well in excess of regulatory minimums. Per its consent order, Talbot Bank will submit a capital plan to the FDIC and Commissioner which describes the methods and timing by which it will increase its capital ratios up to or in excess of required minimums. These methods include earnings from operations, capital infusions from the Company, tax planning strategies to reduce disallowed DTA, and other capital-raising alternatives such as debt or equity issuances.

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- Definition The entire disclosure for income taxes receivable and deferred income taxes. + References No definition available. + Details
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