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REGULATORY MATTERS
 12 Months Ended
Dec. 31, 2012
Regulatory Matters [Abstract]  
Regulatory matters [Text Block]
REGULATORY MATTERS
 
As a depository institution, the Company is required to maintain reserve and clearing balances with the Federal Reserve Bank in the form of vault cash or deposits. The aggregate net reserve balance maintained with the Federal Reserve Bank, which is currently bearing interest, totaled $0 and $145 as of December 31, 2012 and 2011, respectively.

Banking regulators have defined capital into the following components: (1) Tier 1 capital, which includes common stockholders' equity and qualifying preferred equity, and (2) Tier 2 capital, which includes a portion of the allowance for loan losses, certain qualifying long-term debt and preferred stock which does not qualify as Tier 1 capital. Minimum capital levels are regulated by risk-based capital adequacy guidelines which require a financial institution to maintain capital as a percent of its assets and certain off-balance sheet items adjusted for predefined credit risk factors (risk-adjusted assets). A financial institution is required to maintain, at a minimum, Tier 1 capital as a percentage of risk-adjusted assets of 4.0 percent and combined Tier 1 and Tier 2 capital as a percentage of risk-adjusted assets of 8.0 percent. In addition to the risk-based guidelines, federal regulations require the Bank to maintain a minimum leverage ratio (Tier 1 capital as a percentage of tangible assets) of 4.0 percent. Management believes, as of December 31, 2012 and 2011, that the Company and the Bank met all capital adequacy requirements to which they are subject.
 
The Bank’s capital amounts and ratios as of December 31, 2012 are presented in the table below. Separate capital ratios for Crescent State Bank, Legacy VantageSouth, and Rowan are included in the table below as of December 31, 2011 as each bank was required to file independent regulatory filings prior to the mergers of those companies.
 
Actual
 
Minimum for capital adequacy purposes
 
Minimum to be well capitalized under prompt corrective action provisions
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2012
 

 
 

 
 

 
 

 
 

 
 

VantageSouth Bank:
 
 
 
 
 
 
 
 
 
 
 
Total Capital (to Risk-Weighted Assets)
$
125,965

 
14.96
%
 
$
67,356

 
8.00
%
 
$
84,194

 
10.00
%
Tier I Capital (to Risk-Weighted Assets)
114,988

 
13.66
%
 
33,678

 
4.00
%
 
50,517

 
6.00
%
Tier I Capital (to Average Assets)
114,988

 
11.45
%
 
40,172

 
4.00
%
 
50,215

 
5.00
%
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2011
 

 
 

 
 

 
 

 
 

 
 

Legacy VantageSouth:
 
 
 
 
 
 
 
 
 
 
 
Total Capital (to Risk-Weighted Assets)
$
9,688

 
11.85
%
 
$
6,542

 
8.00
%
 
$
8,177

 
10.00
%
Tier I Capital (to Risk-Weighted Assets)
8,661

 
10.59
%
 
3,271

 
4.00
%
 
4,906

 
6.00
%
Tier I Capital (to Average Assets)
8,661

 
8.49
%
 
4,080

 
4.00
%
 
5,100

 
5.00
%
 
 
 
 
 
 
 
 
 
 
 
 
Rowan:
 
 
 
 
 
 
 
 
 
 
 
Total Capital (to Risk-Weighted Assets)
$
13,998

 
13.04
%
 
$
8,585

 
8.00
%
 
$
10,732

 
10.00
%
Tier I Capital (to Risk-Weighted Assets)
13,530

 
12.61
%
 
4,293

 
4.00
%
 
6,439

 
6.00
%
Tier I Capital (to Average Assets)
13,530

 
9.72
%
 
5,570

 
4.00
%
 
6,962

 
5.00
%
 
 
 
 
 
 
 
 
 
 
 
 
Crescent State Bank:
 
 
 
 
 
 
 
 
 
 
 
Total Capital (to Risk-Weighted Assets)
$
101,282

 
14.64
%
 
$
55,355

 
8.00
%
 
$
69,194

 
10.00
%
Tier I Capital (to Risk-Weighted Assets)
94,276

 
13.62
%
 
27,678

 
4.00
%
 
41,516

 
6.00
%
Tier I Capital (to Average Assets)
94,276

 
10.19
%
 
37,016

 
4.00
%
 
46,270

 
5.00
%