REGULATORY MATTERS (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Regulatory Capital Requirements

As of December 31, 2014 and 2013, the Bank satisfied all criteria necessary to be categorized as "well capitalized" under the regulatory framework for prompt corrective action. To be categorized as "well capitalized," the Bank was required to maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the following tables:

	Actual		For Capital Adequacy Purposes		To Be Categorized as "Well Capitalized"
As of December 31, 2014	Amount	Ratio	Amount	Ratio	Amount	Ratio
Tangible capital	$406,910	9.20%	$176,998	4.0%	$221,247	5.00%
Leverage capital	406,910	9.20	176,998	4.0	221,247	5.00
Tier I risk-based capital (to risk weighted assets)	406,910	12.33	131,994	4.0	197,991	6.00
Total risk-based capital (to risk weighted assets)	425,428	12.89	263,988	8.0	329,985	10.00

	Actual		For Capital Adequacy Purposes		To Be Categorized as "Well Capitalized"
As of December 31, 2013	Amount	Ratio	Amount	Ratio	Amount	Ratio
Tangible capital	$376,717	9.52%	$158,298	4.0%	$197,872	5.00%
Leverage capital	376,717	9.52	158,298	4.0	197,872	5.00
Tier I risk-based capital (to risk weighted assets)	376,717	12.64	119,169	4.0	178,753	6.00
Total risk-based capital (to risk weighted assets)	397,935	13.36	238,338	8.0	297,922	10.00

Reconciliation of Stockholders' Equity to Regulatory Capital for the Bank

The following is a reconciliation of stockholders' equity to regulatory capital for the Bank:

	At December 31, 2014			At December 31, 2013
	Tangible Capital	Leverage Capital	Total Risk-Based Capital	Tangible Capital	Leverage Capital	Total Risk-Based Capital
Stockholders' equity	$454,095	$454,095	$454,095	$427,209	$427,209	$427,209
Non-allowable assets:
MSR	(35)	(35)	(35)	(63)	(63)	(63)
Accumulated other comprehensive loss	8,488	8,488	8,488	5,209	5,209	5,209
Goodwill	(55,638)	(55,638)	(55,638)	(55,638)	(55,638)	(55,638)
Tier 1 risk-based capital	406,910	406,910	406,910	376,717	376,717	376,717
General regulatory valuation allowance	-	-	18,518	-	-	21,218
Total (Tier 2) risk based capital	406,910	406,910	425,428	376,717	376,717	397,935
Minimum capital requirement	176,998	176,998	263,988	158,298	158,298	238,338
Regulatory capital excess	$229,912	$229,912	$161,440	$218,419	$218,419	$159,597

- Definition

Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity.

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