Regulatory Matters

6 Months Ended

Jun. 30, 2016

Banking and Thrift [Abstract]

Regulatory Matters

Regulatory Matters

The Company and Centrue Bank are subject to regulatory capital requirements administered by federal and state banking agencies that involve the quantitative measure of their assets, liabilities, and certain off-balance-sheet items, as calculated under regulatory accounting practices.  Quantitative measures established by regulations to ensure capital adequacy require the Company and Centrue Bank to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 capital and Common Equity Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined in the regulations), and, for the Bank, Tier 1 capital (as defined in the regulations) to average assets (as defined in the regulations).  Failure to meet minimum capital requirements may cause regulatory bodies to initiate certain discretionary and/or mandatory actions that, if undertaken, may have a direct material effect on our financial statements.  The Company, as a financial holding company, is required to be “adequately capitalized” in the capital categories shown in the table below.  As of June 30, 2016, Centrue Bank met all capital adequacy requirements to which they were subject, including the guidelines to be considered “well capitalized.”

On July 2, 2013, the Federal Reserve Board and the FDIC approved rules that implement the “Basel III” regulatory capital reforms, as well as certain changes required by the Dodd-Frank Act.  The rules include a common equity Tier 1 capital ratio and conservation buffer of 2.5% of risk-weighted assets, which is in addition to the Tier 1 and Tier 2 risk-based capital requirements.  The capital conservation buffer will be phased in over four years beginning on January 1, 2016, with a maximum buffer of 0.625% of risk-weighted assets for 2016, 1.25% for 2017, 1.875% for 2018, and 2.5% for 2019 and thereafter.  Failure to maintain the required capital conservation buffer will result in limitations on capital distributions and on discretionary bonuses to executive officers. Capital ratios shown for June 30, 2016 are in excess of the Basel III 2016 phase-in level for the capital conservation buffer.

On February 16, 2016 the Company received a formal order terminating the written agreement between the Company, the Bank, and the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation.

	Actual				To Be Adequately Capitalized		To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount	Ratio	Amount	Ratio
As of June 30, 2016
Total capital (to risk-weighted assets)
Centrue Financial	$	123,787	16.5	%	N/A	N/A	N/A	N/A
Centrue Bank	119,700		15.9		60,094	8.0	75,117	10.0
Common equity tier I (to risk-weighted assets)
Centrue Financial	$	105,078	14.0		N/A	N/A	N/A	N/A
Centrue Bank	110,775		14.8		33,803	4.5	48,826	6.5
Tier I capital (to risk-weighted assets)
Centrue Financial	$	114,862	15.3		N/A	N/A	N/A	N/A
Centrue Bank	110,775		14.8		45,070	6.0	60,094	8.0
Tier I leverage ratio (to average assets)
Centrue Financial	$	114,862	12.2		N/A	N/A	N/A	N/A
Centrue Bank	110,775		11.7		37,767	4.0	47,209	5.0

	Actual				To Be Adequately Capitalized				To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount	Ratio
As of December 31, 2015
Total capital (to risk-weighted assets)
Centrue Financial	$	118,359	15.6	%	$	60,525	8.0	%	N/A	N/A
Centrue Bank	117,807		15.6		60,463		8.0		75,579	10.0
Common equity tier I (to risk-weighted assets)
Centrue Financial	$	107,678	14.2		$	34,045	4.5		N/A	N/A
Centrue Bank	109,216		14.5		34,011		4.5		49,126	6.5
Tier I capital (to risk-weighted assets)
Centrue Financial	$	109,768	14.5		$	45,394	6.0		N/A	N/A
Centrue Bank	109,216		14.5		45,347		6.0		60,463	8.0
Tier I leverage ratio (to average assets)
Centrue Financial	$	109,768	12.1		$	36,284	4.0		N/A	N/A
Centrue Bank	109,216		12.0		36,505		4.0		45,631	5.0