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Capital Requirements
 12 Months Ended
Dec. 31, 2014
Banking and Thrift [Abstract]  
Capital Requirements
Capital Requirements
The Company (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not applicable to bank holding companies.
Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to average assets (as defined). Management believes that the Company and the Bank met all capital adequacy requirements to which they are subject at December 31, 2014 and 2013.

At December 31, 2014, the most recent notification from the Federal Reserve Bank categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the tables. There are no conditions or events since the notification that management believes have changed the Bank’s category.

The following table presents the Company’s and the Bank’s actual capital amounts and ratios at December 31, 2014 and 2013:
 
 
 
 
 
 
 
 
 
 
 
Minimum
To Be Well
 
 
 
 
 
 
Minimum
Capital
 
Capitalized Under
Prompt Corrective
 
 
Actual
 
Requirement
 
Action Provisions
 
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
 
(dollars in thousands)
December 31, 2014:
 
 
 
 
 
 
 
 
 
 
 
 
Total Capital to Risk Weighted Assets
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
83,923

 
19.06
%
 
$
35,222

 
8.00
%
 
N/A
Bank of Clarke County
 
$
80,035

 
18.24
%
 
$
35,107

 
8.00
%
 
$
43,883

 
10.00
%
Tier 1 Capital to Risk Weighted Assets
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
78,817

 
17.90
%
 
$
17,611

 
4.00
%
 
N/A
Bank of Clarke County
 
$
74,929

 
17.07
%
 
$
17,553

 
4.00
%
 
$
26,330

 
6.00
%
Tier 1 Capital to Average Assets
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
78,817

 
12.86
%
 
$
24,515

 
4.00
%
 
N/A
Bank of Clarke County
 
$
74,929

 
12.28
%
 
$
24,416

 
4.00
%
 
$
30,520

 
5.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
Total Capital to Risk Weighted Assets
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
78,426

 
18.42
%
 
$
34,062

 
8.00
%
 
N/A
Bank of Clarke County
 
$
74,595

 
17.61
%
 
$
33,879

 
8.00
%
 
$
42,349

 
10.00
%
Tier 1 Capital to Risk Weighted Assets
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
73,101

 
17.17
%
 
$
17,031

 
4.00
%
 
N/A
Bank of Clarke County
 
$
69,299

 
16.36
%
 
$
16,940

 
4.00
%
 
$
25,409

 
6.00
%
Tier 1 Capital to Average Assets
 
 
 
 
 
 
 
 
 
 
 
 
Consolidated
 
$
73,101

 
12.48
%
 
$
23,435

 
4.00
%
 
N/A
Bank of Clarke County
 
$
69,299

 
11.89
%
 
$
23,313

 
4.00
%
 
$
29,141

 
5.00
%