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Regulatory Capital | 3 Months Ended
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Mar. 31, 2015
Regulatory Capital [Abstract] |
Regulatory Capital |
13. | Regulatory Capital
The Company is subject to various capital requirements administered by the federal banking agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company's assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. 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 consolidated financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. For March 31, 2015, the final Basel III rules require the Company to maintain minimum amounts and ratios of common equity Tier I capital (as defined in the regulations) to risk-weighted assets (RWA) (as defined). Additionally under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. For December 31, 2014, regulatory capital ratios were calculated under Basel I rules. As of March 31, 2015, the Company was categorized as “Well Capitalized” under the regulatory framework for prompt corrective action promulgated by the Federal Reserve. The Company believes that no conditions or events have occurred that would change this conclusion as of such date. To be categorized as Well Capitalized, the Company must maintain minimum Total Capital, Common Equity Tier 1 Capital, Tier 1 Capital, and Tier 1 leverage ratios as set forth in the table. Additionally, while not a regulatory capital ratio, the Company's tangible common equity ratio was 7.64% at March 31, 2015 (in thousands, except ratios).
|  | At March 31, 2015 |
|  | Actual |  |  | For Capital Adequacy Purposes |  |  | To Be Well Capitalized Under Prompt Corrective Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total Capital (To RWA) Consolidated |  | $ | 131,581 |  |  |  | 14.68 | % |  | $ | 71,688 |  |  |  | 8.00 | % |  | $ | 89,609 |  |  |  | 10.00 | %
AmeriServ Financial Bank |  |  | 105,692 |  |  |  | 11.92 |  |  |  | 70,925 |  |  |  | 8.00 |  |  |  | 88,657 |  |  |  | 10.00 |
Common Equity Tier 1 Capital (To RWA) Consolidated |  |  | 88,966 |  |  |  | 9.93 |  |  |  | 40,324 |  |  |  | 4.50 |  |  |  | 58,246 |  |  |  | 6.50 |
AmeriServ Financial Bank |  |  | 95,106 |  |  |  | 10.73 |  |  |  | 39,896 |  |  |  | 4.50 |  |  |  | 57,627 |  |  |  | 6.50 |
Tier 1 Capital (To RWA) Consolidated |  |  | 120,995 |  |  |  | 13.50 |  |  |  | 53,766 |  |  |  | 6.00 |  |  |  | 71,688 |  |  |  | 8.00 |
AmeriServ Financial Bank |  |  | 95,106 |  |  |  | 10.73 |  |  |  | 53,194 |  |  |  | 6.00 |  |  |  | 70,925 |  |  |  | 8.00 |
Tier 1 Capital (To Average Assets) leverage Consolidated |  |  | 120,995 |  |  |  | 11.24 |  |  |  | 43,072 |  |  |  | 4.00 |  |  |  | 53,839 |  |  |  | 5.00 |
AmeriServ Financial Bank |  |  | 95,106 |  |  |  | 9.06 |  |  |  | 41,988 |  |  |  | 4.00 |  |  |  | 52,485 |  |  |  | 5.00 |
|  | At December 31, 2014 |
|  | Actual |  |  | For Capital Adequacy Purposes |  |  | To Be Well Capitalized Under Prompt Corrective Action Provisions |
|  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |  |  | Amount |  |  | Ratio |
Total Capital (To RWA) Consolidated |  | $ | 131,497 |  |  |  | 14.80 | % |  | $ | 71,066 |  |  |  | 8.00 | % |  | $ | 88,833 |  |  |  | 10.00 | %
AmeriServ Financial Bank |  |  | 106,084 |  |  |  | 12.07 |  |  |  | 70,305 |  |  |  | 8.00 |  |  |  | 87,881 |  |  |  | 10.00 |
Tier 1 Capital (To RWA) Consolidated |  |  | 120,992 |  |  |  | 13.62 |  |  |  | 35,533 |  |  |  | 4.00 |  |  |  | 53,300 |  |  |  | 6.00 |
AmeriServ Financial Bank |  |  | 95,579 |  |  |  | 10.88 |  |  |  | 35,153 |  |  |  | 4.00 |  |  |  | 52,729 |  |  |  | 6.00 |
Tier 1 Capital (To Average Assets) Consolidated |  |  | 120,992 |  |  |  | 11.34 |  |  |  | 42,662 |  |  |  | 4.00 |  |  |  | 53,327 |  |  |  | 5.00 |
AmeriServ Financial Bank |  |  | 95,579 |  |  |  | 9.19 |  |  |  | 41,608 |  |  |  | 4.00 |  |  |  | 52,010 |  |  |  | 5.00 |
On July 2, 2013, the Board of Governors of the Federal Reserve System approved final rules that substantially amend the regulatory risk-based capital rules applicable to the Company and the Bank. The final rules implement the “Basel III” regulatory capital reforms, as well as certain changes required by the Dodd-Frank Act, which will require institutions to, among other things, have more capital and a higher quality of capital by increasing the minimum regulatory capital ratios, and requiring capital buffers. The new rules became effective for the Company and the Bank on January 1, 2015, and have an implementation period that stretches to January 1, 2019. For a more detailed discussion see the Capital Resources section of the MD&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. + References Reference 1: 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 2: 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 3: 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 Reference 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 + Details
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