XML 69 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 16 - Regulatory and Operational Matters
 12 Months Ended
Dec. 31, 2014
Disclosure Text Block [Abstract]  
Regulatory Capital Requirements under Banking Regulations [Text Block]

Note 16.

Regulatory and Operational Matters


On September 29, 2014, Patriot National Bancorp, Inc. was notified by the Office of the Comptroller of the Currency (the "OCC") that the formal agreement between Patriot National Bank (the "Bank") and the OCC, dated February 9, 2009, had been terminated. This action was taken because the OCC no longer considers the Bank to be in "troubled condition". The decision to terminate the formal agreement was due to, among other things, the satisfactory ratings of the Bank's asset quality, liquidity, management and regulatory capital position following the Bank’s successful control recapitalization and turnaround plan.


The Company’s and the Bank’s actual capital amounts and ratios at December 31, 2014 and 2013 were:


                                   

To Be Well

 
                                   

Capitalized Under

 
                   

For Capital

   

Prompt Corrective

 
   

Actual

   

Adequacy Purposes

   

Action Provisions

 

(dollars in thousands)

 

Amount

   

Ratio

   

Amount

   

Ratio

   

Amount

   

Ratio

 

2014

                                               

The Company:

                                               
                                                 

Total Capital (to Risk Weighted Assets)

  $ 63,142       14.08 %   $ 35,884       8.00 %  

N/A

   

N/A

 

Tier 1 Capital (to Risk Weighted Assets)

    58,218       12.98 %     17,942       4.00 %  

N/A

   

N/A

 

Tier 1 Capital (to Average Assets)

    58,218       9.62 %     24,210       4.00 %  

N/A

   

N/A

 
                                                 

The Bank:

                                               
                                                 

Total Capital (to Risk Weighted Assets)

  $ 63,151       14.08 %   $ 35,891       8.00 %  

N/A 

   

N/A

 

Tier 1 Capital (to Risk Weighted Assets)

    58,227       12.98 %     17,946       4.00 %  

N/A 

   

N/A

 

Tier 1 Capital (to Average Assets)

    58,227       9.63 %     24,198       4.00 %  

N/A 

   

N/A

 
                                                 

2013

                                               

The Company:

                                               
                                                 

Total Capital (to Risk Weighted Assets)

  $ 56,060       13.95 %   $ 32,153       8.00 %  

N/A

   

N/A

 

Tier 1 Capital (to Risk Weighted Assets)

    51,027       12.70 %     16,076       4.00 %  

N/A

   

N/A

 

Tier 1 Capital (to Average Assets)

    51,027       9.33 %     21,888       4.00 %  

N/A

   

N/A

 
                                                 

The Bank:

                                               
                                                 

Total Capital (to Risk Weighted Assets)

  $ 55,758       13.86 %   $ 32,187       8.00 %   $ 48,280       12.00 %

Tier 1 Capital (to Risk Weighted Assets)

    50,730       12.61 %     16,093       4.00 %     42,245       10.50 %

Tier 1 Capital (to Average Assets)

    50,730       9.28 %     21,872       4.00 %     49,212       9.00 %