Regulatory Matters

3 Months Ended

Mar. 31, 2017

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.  As of March 31, 2017, 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 is being 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 March 31, 2017 are in excess of the Basel III 2017 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 March 31, 2017
Total capital (to risk-weighted assets)
Centrue Financial	$	120,793	15.3	%	N/A	N/A	N/A	N/A
Centrue Bank	118,100		14.9		63,244	8.0	79,055	10.0
Common equity tier I (to risk-weighted assets)
Centrue Financial	$	105,105	13.3		N/A	N/A	N/A	N/A
Centrue Bank	109,156		13.8		35,575	4.5	51,386	6.5
Tier I capital (to risk-weighted assets)
Centrue Financial	$	111,849	14.1		N/A	N/A	N/A	N/A
Centrue Bank	109,156		13.8		47,433	6.0	63,244	8.0
Tier I leverage ratio (to average assets)
Centrue Financial	$	111,849	11.7		N/A	N/A	N/A	N/A
Centrue Bank	109,156		11.4		38,158	4.0	47,697	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, 2016
Total capital (to risk-weighted assets)
Centrue Financial	$	118,841	15.0	%	N/A		N/A	N/A	N/A
Centrue Bank	115,455		14.5		63,556		8.0	79,445	10.0
Common equity tier I (to risk-weighted assets)
Centrue Financial	$	109,434	13.8		N/A		N/A	N/A	N/A
Centrue Bank	106,551		13.4		35,750		4.5	51,639	6.5
Tier I capital (to risk-weighted assets)
Centrue Financial	$	109,937	13.8		$	47,695	6.0	N/A	N/A
Centrue Bank	106,551		13.4		47,667		6.0	63,556	8.0
Tier I leverage ratio (to average assets)
Centrue Financial	$	109,937	11.5		$	38,273	4.0	N/A	N/A
Centrue Bank	106,551		11.1		38,268		4.0	47,835	5.0