Regulatory Matters (Tables)

12 Months Ended

Dec. 31, 2016

The Bancorp’s and Bank's capital adequacy ratios as of December 31, 2016 and 2015 are presented in the following tables. Bancorp's Tier 1 capital includes the subordinated debentures, which are not included at the Bank level. We continued to build capital in 2016 through the accumulation of net income.



Capital Ratios for Bancorp (dollars in thousands)	Actual Ratio				Adequately Capitalized Threshold ¹				Ratio to be a Well Capitalized Bank Holding Company
December 31, 2016	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to risk-weighted assets)	$	247,453	14.32	%	≥ $	149,039	≥ 8.625	%	≥ $	172,799	≥ 10.000	%
Tier 1 Capital (to risk-weighted assets)	$	231,111	13.37	%	≥ $	114,479	≥ 6.625	%	≥ $	138,239	≥ 8.000	%
Tier 1 Capital (to average assets)	$	231,111	11.39	%	≥ $	81,189	≥ 4.000	%	≥ $	101,486	≥ 5.000	%
Common Equity Tier 1 (to risk-weighted assets)	$	225,925	13.07	%	≥ $	88,559	≥ 5.125	%	≥ $	112,319	≥ 6.500	%
December 31, 2015
Total Capital (to risk-weighted assets)	$	227,269	13.37	%	≥ $	135,996	≥ 8.000	%	≥ $	169,995	≥ 10.000	%
Tier 1 Capital (to risk-weighted assets)	$	211,521	12.44	%	≥ $	101,997	≥ 6.000	%	≥ $	135,996	≥ 8.000	%
Tier 1 Capital (to average assets)	$	211,521	10.67	%	≥ $	79,296	≥ 4.000	%	≥ $	99,120	≥ 5.000	%
Common Equity Tier 1 (to risk-weighted assets)	$	206,724	12.16	%	≥ $	76,498	≥ 4.500	%	≥ $	110,497	≥ 6.500	%
¹ The 2016 adequately capitalized threshold includes the capital conservation buffer that was effective January 1, 2016. These ratios are not reflected on a fully phased-in basis, which will occur in January 2019.



Capital Ratios for the Bank (dollars in thousands)	Actual Ratio				Adequately Capitalized Threshold ¹				Ratio to be Well Capitalized under Prompt Corrective Action Provisions
December 31, 2016	Amount		Ratio		Amount		Ratio		Amount		Ratio
Total Capital (to risk-weighted assets)	$	243,468	14.09	%	≥ $	149,016	≥ 8.625	%	≥ $	172,772	≥ 10.000	%
Tier 1 Capital (to risk-weighted assets)	$	227,127	13.15	%	≥ $	114,462	≥ 6.625	%	≥ $	138,218	≥ 8.000	%
Tier 1 Capital (to average assets)	$	227,127	11.19	%	≥ $	81,176	≥ 4.000	%	≥ $	101,469	≥ 5.000	%
Common Equity Tier 1 (to risk-weighted assets)	$	227,127	13.15	%	≥ $	88,546	≥ 5.125	%	≥ $	112,302	≥ 6.500	%
December 31, 2015
Total Capital (to risk-weighted assets)	$	222,830	13.11	%	≥ $	135,968	≥ 8.000	%	≥ $	169,960	≥ 10.000	%
Tier 1 Capital (to risk-weighted assets)	$	207,082	12.18	%	≥ $	101,976	≥ 6.000	%	≥ $	135,968	≥ 8.000	%
Tier 1 Capital (to average assets)	$	207,082	10.45	%	≥ $	79,268	≥ 4.000	%	≥ $	99,085	≥ 5.000	%
Common Equity Tier 1 (to risk-weighted assets)	$	207,082	12.18	%	≥ $	76,482	≥ 4.500	%	≥ $	110,474	≥ 6.500	%
¹ The 2016 adequately capitalized threshold includes the capital conservation buffer that was effective January 1, 2016. These ratios are not reflected on a fully phased-in basis, which will occur in January 2019.