Regulatory Capital Requirements

12 Months Ended

Dec. 31, 2011

Deposit Accounts, FHLB Advances and Regulatory Capital Requirements [Abstract]

Regulatory Capital Requirements

Note 29 — Regulatory Capital Requirements

The Bank is subject to various regulatory capital requirements administered by the U.S. bank regulatory agencies. 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. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by regulators about components, risk weightings, and other factors.

Quantitative measures that have been established by regulation to ensure capital adequacy require the Bank to maintain minimum capital amounts and ratios (set forth in the table below). The Bank’s primary regulatory agency, the OCC, requires that the Bank maintain minimum ratios of tangible capital (as defined in the regulations) of 1.5 percent, core capital (as defined) of 4.0 percent, and total risk-based capital (as defined) of 8.0 percent. The Bank is also subject to prompt corrective action capital requirement regulations set forth by the FDIC. The FDIC requires the Bank to maintain a minimum of Tier 1 total and core capital (as defined) to risk-weighted assets (as defined), and of core capital (as defined) to adjusted tangible assets (as defined).

On January 27, 2010, the Company and the Bank entered into the Supervisory Agreements with the Federal Reserve and the OCC, respectively. See Note 2 — Recent Developments — Supervisory Agreements. The Company and the Bank believe they have taken numerous steps to comply with, and intend to comply in the future with, all of the requirements of the Supervisory Agreements, and do not believe that the Supervisory Agreements will preclude them from executing on their business plan, including achieving goals of asset growth, additional full service bank branches and the origination of commercial loans to small businesses.

To be categorized as “well capitalized,” the Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table below, as of the date of filing of its quarterly report with the OCC. The Bank is considered “well capitalized” at both December 31, 2011 and 2010. There are no conditions or events since that notification that management believes have changed the Bank’s category.

	Actual					For Capital Adequacy Purposes					Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(Dollars in thousands)
December 31, 2011
Tangible capital (to tangible assets)	$	1,215,220		8.95	%	$	203,708		1.5	%	$	—		—
Tier I capital (to adjusted tangible assets)		1,215,220		8.95	%		543,223		4.0	%		679,028		5.0	%
Tier I capital (to risk weighted assets)		1,215,220		15.37	%		—		—			474,304		6.0	%
Total capital (to risk weighted assets)		1,315,703		16.64	%		632,405		8.0	%		790,506		10.0	%
December 31, 2010
Tangible capital (to tangible assets)	$	1,306,104		9.61	%	$	203,850		1.5	%	$	—		—
Tier I capital (to adjusted tangible assets)		1,306,104		9.61	%		543,600		4.0	%		679,500		5.0	%
Tier I capital (to risk weighted assets)		1,306,104		17.28	%		—		—			453,546		6.0	%
Total capital (to risk weighted assets)		1,401,918		18.55	%		604,728		8.0	%		755,909		10.0	%