Regulatory Matters

12 Months Ended

Jun. 30, 2014

Regulatory Matters [Abstract]

Regulatory Matters

Note 17.  Regulatory Matters

The Bank of Greene County and its wholly-owned subsidiary, Greene County Commercial Bank, are subject to various regulatory capital requirements administered by federal banking agencies.  Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material impact on the Company’s consolidated financial statements.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank and the Commercial Bank must meet specific guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices.  Capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.  As of June 30, 2014, the most recent notification from regulators categorized the banks as “well capitalized” under the regulatory framework for prompt corrective action.  There are no conditions or events since that notification that management believes have changed the Bank’s category.

Quantitative measures established by regulation to ensure capital adequacy require The Bank of Greene County and Greene County Commercial Bank to maintain minimum amounts and ratios (set forth in the table below) of Total and Tier 1 capital to risk-weighted assets (as defined by regulations), of Tier 1 capital to assets (as defined), and of tangible capital to tangible assets (as defined).  Management believes, as of June 30, 2014, that The Bank of Greene County and Greene County Commercial Bank meet all capital adequacy requirements to which they are subject.

											To Be Well
											Capitalized Under
						For Capital					Prompt Corrective
(Dollars in thousands)	Actual					Adequacy Purposes					Action Provisions
The Bank of Greene County	Amount		Ratio			Amount		Ratio			Amount		Ratio
As of June 30, 2014:
Total risk-based capital	$	63,918		18.5	%	$	27,600		8.0	%	$	34,499		10.0	%
Tier 1 risk-based capital		59,523		17.3			13,800		4.0			20,700		6.0
Tier 1 leverage ratio		59,523		8.8			20,257		3.0			33,761		5.0
As of June 30, 2013:
Total risk-based capital	$	58,892		18.5	%	$	25,424		8.0	%	$	31,780		10.0	%
Tier 1 risk-based capital		54,843		17.3			12,712		4.0			19,068		6.0
Tier 1 leverage ratio		54,843		8.6			19,050		3.0			31,751		5.0
Greene County Commercial Bank
As of June 30, 2014:
Total risk-based capital	$	17,211		40.6	%	$	3,388		8.0	%	$	4,236		10.0	%
Tier 1 risk-based capital		17,211		40.6			1,694		4.0			2,541		6.0
Tier 1 leverage ratio		17,211		8.2			8,369		4.0			10,461		5.0
As of June 30, 2013:
Total risk-based capital	$	15,256		39.5	%	$	3,091		8.0	%	$	3,864		10.0	%
Tier 1 risk-based capital		15,256		39.5			1,546		4.0			2,318		6.0
Tier 1 leverage ratio		15,256		7.7			7,912		4.0			9,890		5.0