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Regulatory Matters

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Regulatory Matters [Abstract]

Regulatory Matters

NOTE 22 – Regulatory Matters

At both the Company and Bank level, we are subject to various regulatory capital requirements administered by the federal banking agencies. The capital rules require banks and bank holding companies to maintain a minimum total risked-based capital ratio of at least 8%, a total Tier 1 capital ratio of at least 6%, a minimum common equity Tier 1 capital ratio of at least 4.5%, and a leverage ratio of at least 4%. Bank holding companies and banks are also required to hold a capital conservation buffer of common equity Tier 1 capital of 2.5% to avoid limitations on capital distributions and discretionary executive compensation payments. The capital conservation buffer will be phased in incrementally over time, becoming fully effective on January 1, 2019, and will consist of an additional amount of common equity equal to 2.5% of risk-weighted assets.

To be considered “well-capitalized” for purposes of certain rules and prompt corrective action requirements, the Bank must maintain a minimum total risked-based capital ratio of at least 10%, a total Tier 1 capital ratio of at least 8%, a common equity Tier 1 capital ratio of at least 6.5%, and a leverage ratio of at least 5%. As of December 31, 2018, our capital ratios exceed these ratios and we remain “well capitalized.”

The following table summarizes the capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements at December 31, 2018 and 2017.

												To be well
												capitalized
							For capital					under prompt
							adequacy purposes					corrective action
					Actual		minimum					provisions minimum
(dollars in thousands)		Amount			Ratio		Amount			Ratio		Amount			Ratio
As of December 31, 2018
The Bank
Total Capital (to risk weighted assets)		$	198,195		12.16%		$	130,368		8.00%		$	162,960		10.00%
Tier 1 Capital (to risk weighted assets)			182,433		11.20%			97,776		6.00%			130,368		8.00%
Common Equity Tier 1 Capital (to risk weighted assets)			182,433		11.20%			73,332		4.50%			105,924		6.50%
Tier 1 Capital (to average assets)			182,433		9.84%			74,126		4.00%			92,658		5.00%
The Company
Total Capital (to risk weighted assets)			203,595		12.49%			130,368		8.00%			n/a		n/a
Tier 1 Capital (to risk weighted assets)			187,833		11.53%			97,776		6.00%			n/a		n/a
Common Equity Tier 1 Capital (to risk weighted assets)			174,833		10.73%			73,332		4.50%			n/a		n/a
Tier 1 Capital (to average assets)			187,833		10.14%			74,126		4.00%			n/a		n/a
												To be well
												capitalized
							For capital					under prompt
							adequacy purposes					corrective action
					Actual		minimum					provisions minimum
(dollars in thousands)		Amount			Ratio		Amount			Ratio		Amount			Ratio
As of December 31, 2017
The Bank
Total Capital (to risk weighted assets)		$	175,016		12.99%		$	107,749		8.00%		$	134,686		10.00%
Tier 1 Capital (to risk weighted assets)			159,493		11.84%			80,812		6.00%			107,749		8.00%
Common Equity Tier 1 Capital (to risk weighted assets)			159,493		11.84%			60,609		4.50%			87,546		6.50%
Tier 1 Capital (to average assets)			159,493		10.04%			63,573		4.00%			79,466		5.00%
The Company
Total Capital (to risk weighted assets)			178,665		13.27%			107,749		8.00%			n/a		n/a
Tier 1 Capital (to risk weighted assets)			163,142		12.11%			80,812		6.00%			n/a		n/a
Common Equity Tier 1 Capital (to risk weighted assets)			150,142		11.15%			60,609		4.50%			n/a		n/a
Tier 1 Capital (to average assets)			163,142		10.26%			63,573		4.00%			n/a		n/a

NOTE 22 – Regulatory Matters

At both the Company and Bank level, we are subject to various regulatory capital requirements administered by the federal banking agencies. The capital rules require banks and bank holding companies to maintain a minimum total risked-based capital ratio of at least 8%, a total Tier 1 capital ratio of at least 6%, a minimum common equity Tier 1 capital ratio of at least 4.5%, and a leverage ratio of at least 4%. Bank holding companies and banks are also required to hold a capital conservation buffer of common equity Tier 1 capital of 2.5% to avoid limitations on capital distributions and discretionary executive compensation payments. The capital conservation buffer will be phased in incrementally over time, becoming fully effective on January 1, 2019, and will consist of an additional amount of common equity equal to 2.5% of risk-weighted assets.

To be considered “well-capitalized” for purposes of certain rules and prompt corrective action requirements, the Bank must maintain a minimum total risked-based capital ratio of at least 10%, a total Tier 1 capital ratio of at least 8%, a common equity Tier 1 capital ratio of at least 6.5%, and a leverage ratio of at least 5%. As of December 31, 2018, our capital ratios exceed these ratios and we remain “well capitalized.”

The following table summarizes the capital amounts and ratios of the Bank and the Company and the regulatory minimum requirements at December 31, 2018 and 2017.

												To be well
												capitalized
							For capital					under prompt
							adequacy purposes					corrective action
					Actual		minimum					provisions minimum
(dollars in thousands)		Amount			Ratio		Amount			Ratio		Amount			Ratio
As of December 31, 2018
The Bank
Total Capital (to risk weighted assets)		$	198,195		12.16%		$	130,368		8.00%		$	162,960		10.00%
Tier 1 Capital (to risk weighted assets)			182,433		11.20%			97,776		6.00%			130,368		8.00%
Common Equity Tier 1 Capital (to risk weighted assets)			182,433		11.20%			73,332		4.50%			105,924		6.50%
Tier 1 Capital (to average assets)			182,433		9.84%			74,126		4.00%			92,658		5.00%
The Company
Total Capital (to risk weighted assets)			203,595		12.49%			130,368		8.00%			n/a		n/a
Tier 1 Capital (to risk weighted assets)			187,833		11.53%			97,776		6.00%			n/a		n/a
Common Equity Tier 1 Capital (to risk weighted assets)			174,833		10.73%			73,332		4.50%			n/a		n/a
Tier 1 Capital (to average assets)			187,833		10.14%			74,126		4.00%			n/a		n/a
												To be well
												capitalized
							For capital					under prompt
							adequacy purposes					corrective action
					Actual		minimum					provisions minimum
(dollars in thousands)		Amount			Ratio		Amount			Ratio		Amount			Ratio
As of December 31, 2017
The Bank
Total Capital (to risk weighted assets)		$	175,016		12.99%		$	107,749		8.00%		$	134,686		10.00%
Tier 1 Capital (to risk weighted assets)			159,493		11.84%			80,812		6.00%			107,749		8.00%
Common Equity Tier 1 Capital (to risk weighted assets)			159,493		11.84%			60,609		4.50%			87,546		6.50%
Tier 1 Capital (to average assets)			159,493		10.04%			63,573		4.00%			79,466		5.00%
The Company
Total Capital (to risk weighted assets)			178,665		13.27%			107,749		8.00%			n/a		n/a
Tier 1 Capital (to risk weighted assets)			163,142		12.11%			80,812		6.00%			n/a		n/a
Common Equity Tier 1 Capital (to risk weighted assets)			150,142		11.15%			60,609		4.50%			n/a		n/a
Tier 1 Capital (to average assets)			163,142		10.26%			63,573		4.00%			n/a		n/a

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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.

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