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Capital Requirements | 12 Months Ended
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Dec. 31, 2015
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. In July 2013, the Federal Reserve Bank issued a final rule that makes technical changes to its market risk capital rules to align them with the BASEL III regulatory capital framework and meet certain requirements of the Dodd-Frank Act. The phase-in period for the final rules began January 1, 2015 with full compliance with the final rules to be phased in by January 1, 2019. As a part of this final rule, the Bank was required to begin calculating and disclosing Common Equity Tier 1 Capital to risk weighted assets in 2015. Although not required by the final rule, the Company also began calculating and disclosing Common Equity Tier 1 Capital to risk weighted assets in 2015. 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 capital, Tier 1 capital, and common equity 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, 2015 and 2014. At December 31, 2015, 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, Tier 1 leverage, and common equity Tier 1 ratios as set forth in the following 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, 2015 and 2014:
|  |  |  |  |  |  |  |  |  | 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, 2015: |  |  |  |  |  |  |  |  |  |  |  |
Common Equity Tier 1 Capital to Risk |  |  |  |  |  |  |  |  |  |  |  |
Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 77,170 |  |  | 15.22 | % |  | $ | 22,819 |  |  | 4.50 | % |  | N/A
Bank of Clarke County |  | $ | 74,034 |  |  | 14.72 | % |  | $ | 22,633 |  |  | 4.50 | % |  | $ | 32,692 |  |  | 6.50 | %
Total Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 82,156 |  |  | 16.20 | % |  | $ | 40,567 |  |  | 8.00 | % |  | N/A
Bank of Clarke County |  | $ | 78,997 |  |  | 15.71 | % |  | $ | 40,237 |  |  | 8.00 | % |  | $ | 50,296 |  |  | 10.00 | %
Tier 1 Capital to Risk Weighted Assets |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 77,170 |  |  | 15.22 | % |  | $ | 30,425 |  |  | 6.00 | % |  | N/A
Bank of Clarke County |  | $ | 74,034 |  |  | 14.72 | % |  | $ | 30,177 |  |  | 6.00 | % |  | $ | 40,237 |  |  | 8.00 | %
Tier 1 Capital to Average Assets |  |  |  |  |  |  |  |  |  |  |  |
Consolidated |  | $ | 77,170 |  |  | 12.13 | % |  | $ | 25,438 |  |  | 4.00 | % |  | N/A
Bank of Clarke County |  | $ | 74,034 |  |  | 11.65 | % |  | $ | 25,426 |  |  | 4.00 | % |  | $ | 31,783 |  |  | 5.00 | %
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 | %

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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=35709795&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=35709795&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=35709795&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=35709795&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=35709795&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=35709795&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=35709795&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=35709795&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=35709795&loc=SL5958573-112826 + Details
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