Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2014

REGULATORY MATTERS

Schedule of the entity's actual capital position and ratios

The Company’s and the Bank’s actual capital positions, risk-weighted assets, and total average assets for the Tier I leverage ratio at September 30, 2014 and December 31, 2013 are presented in the following table:

Capital Analysis

	September 30,		December 31,
(in thousands)	2014		2013
Company
Tier I capital:
Total tier I capital	$	59,810	$	46,165
Tier II capital:
Subordinated notes		25,000		23,085
Allowable portion of allowance for loan losses		8,703		8,462
Total tier II capital		33,703		31,547
Total risk-based capital	$	93,513	$	77,712
Total risk-weighted assets	$	692,693	$	670,894
Total average assets (for Tier I leverage ratio)	$	965,740	$	980,754
Bank
Tier I capital:
Total tier I capital	$	97,096	$	81,581
Tier II capital:
Allowable portion of allowance for loan losses		8,698		8,456
Total tier II capital		8,698		8,456
Total risk-based capital	$	105,794	$	90,037
Total risk-weighted assets	$	692,314	$	670,416
Total average assets (for Tier I leverage ratio)	$	965,709	$	980,747

Schedule of risk-based capital and select other capital ratios

The following tables present summary information regarding the Company’s and the Bank’s risk-based capital and related ratios at September 30, 2014 and December 31, 2013:

									To Be Well
									Capitalized
									Under Prompt
					For Capital				Corrective
	Actual				Adequacy Purposes				Action Provision
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
September 30, 2014
Total capital (to risk-weighted assets)
Company	$	93,513	13.50	%	$	>55,415	>8.00	%		N/A	N/A
Bank	$	105,794	15.28	%	$	>55,385	>8.00	%	$	>69,231	>10.00	%
Tier I capital (to risk-weighted assets)
Company	$	59,810	8.63	%	$	>27,708	>4.00	%		N/A	N/A
Bank	$	97,096	14.02	%	$	>27,693	>4.00	%	$	>41,539	>6.00	%
Tier I capital (to average assets)
Company	$	59,810	6.19	%	$	>38,630	>4.00	%		N/A	N/A
Bank	$	97,096	10.05	%	$	>38,628	>4.00	%	$	>48,285	>5.00	%

									To Be Well
									Capitalized
									Under Prompt
					For Capital				Corrective
	Actual				Adequacy Purposes				Action Provision
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
December 31, 2013
Total capital (to risk-weighted assets)
Company	$	77,712	11.58	%	$	>53,672	>8.00	%		N/A	N/A
Bank	$	90,037	13.43	%	$	>53,633	>8.00	%	$	>67,042	>10.00	%
Tier I capital (to risk-weighted assets)
Company	$	46,165	6.88	%	$	>26,836	>4.00	%		N/A	N/A
Bank	$	81,581	12.17	%	$	>26,817	>4.00	%	$	>40,225	>6.00	%
Tier I capital (to average assets)
Company	$	46,165	4.71	%	$	>39,230	>4.00	%		N/A	N/A
Bank	$	81,581	8.32	%	$	>39,230	>4.00	%	$	>49,038	>5.00	%