Opt-Out of Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Opt-Out of Accumulated Other Comprehensive Income

Note 13 – Opt-Out of Accumulated Other Comprehensive Income

Pursuant to the Basel III Notice of Proposed Rulemaking adopted by the federal bank regulatory agencies in July 2013, community banks were given one time election in their March 31, 2015 quarterly financial filings with the appropriate federal regulator to opt-out of the requirement to include most accumulated other comprehensive income (“AOCI”) components in the calculation of Common Equity Tier 1 capital and, in effect, retain the AOCI treatment under the current capital rules. The Company made the election to continue to exclude AOCI from capital in connection with its March 31, 2015 quarterly financial filing.