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REGULATORY MATTERS
 12 Months Ended
Dec. 31, 2013
Regulatory Matters [Abstract]  
REGULATORY MATTERS
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. There was no aggregate net reserve balance maintained with the Federal Reserve Bank as of December 31, 2013 and 2012, respectively, as vault cash was sufficient to meet the reserve requirement.

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, 2013 and 2012, that the Company and the Bank met all capital adequacy requirements to which they are subject.
 
The Bank’s capital amounts and ratios are presented in the table below.
 
Actual
 
Minimum for capital adequacy purposes
 
Minimum to be well capitalized under prompt corrective action provisions
 
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2013
 

 
 

 
 

 
 

 
 

 
 

Total Capital (to Risk-Weighted Assets)
$
216,650

 
12.70
%
 
$
136,486

 
8.00
%
 
$
170,608

 
10.00
%
Tier I Capital (to Risk-Weighted Assets)
202,200

 
11.85
%
 
68,243

 
4.00
%
 
102,365

 
6.00
%
Tier I Capital (to Average Assets)
202,200

 
10.16
%
 
79,620

 
4.00
%
 
99,525

 
5.00
%
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 

 
 

 
 

 
 

 
 

 
 

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
%