Regulatory Capital

3 Months Ended

Mar. 31, 2014

Regulatory Capital

Regulatory Capital

(4) Regulatory Capital. The Bank is required to maintain certain minimum regulatory capital requirements. The following is a summary at March 31, 2014 of the regulatory capital requirements and the Bank’s capital on a percentage basis:

				Consent Order
				Regulatory
	Bank			Requirement
Tier I capital to total average assets		4.62	%		8.00	%
Tier I capital to risk-weighted assets		6.09	%		N/A
Total capital to risk-weighted assets		7.36	%		12.00	%

At March 31, 2014, the Bank is under-capitalized. As a result of the Consent Order discussed in Note 10, the Bank cannot be categorized higher than “adequately capitalized” until the Consent Order is lifted, even if its ratios were to exceed those required to be a “well capitalized” bank.