Regulatory Matters

9 Months Ended

Sep. 30, 2012

Regulatory Matters [Abstract]

REGULATORY MATTERS

NOTE 8 - REGULATORY MATTERS

The Company and its subsidiary bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk, weighting, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to adjusted total assets (as defined).

As of September 30, 2012, the most recent notifications from the Office of the Comptroller of the Currency categorized the bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes has changed the capital category. The capital ratios of the Company and its subsidiary bank, along with the regulatory framework for adequately capitalized and well capitalized institutions are depicted as set forth in the following table:

(Amounts Expressed in Thousands)	Actual					For Capital Adequacy Purposes					To be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
First West Virginia Bancorp, Inc.
As of September 30, 2012
Total Capital (to Risk Weighted Assets)	$	32,122		22.47	%	$	11,439		8.0	%	$	14,298		10.0	%
Tier I Capital (to Risk Weighted Assets)		30,328		21.21	%		5,719		4.0	%		8,579		6.0	%
Tier I Capital (to Adjusted Total Assets)		30,328		10.36	%		11,707		4.0	%		14,634		5.0	%
As of December 31, 2011
Total Capital (to Risk Weighted Assets)	$	31,494		21.55	%	$	11,691		8.0	%	$	14,614		10.0	%
Tier I Capital (to Risk Weighted Assets)		29,662		20.30	%		5,845		4.0	%		8,768		6.0	%
Tier I Capital (to Adjusted Total Assets)		29,662		10.46	%		11,340		4.0	%		14,175		5.0	%
Progressive Bank, N.A.
As of September 30, 2012
Total Capital (to Risk Weighted Assets)	$	31,929		22.36	%	$	11,421		8.0	%	$	14,277		10.0	%
Tier I Capital (to Risk Weighted Assets)		30,135		21.11	%		5,711		4.0	%		8,566		6.0	%
Tier I Capital (to Adjusted Total Assets)		30,135		10.31	%		11,696		4.0	%		14,620		5.0	%
As of December 31, 2011
Total Capital (to Risk Weighted Assets)	$	31,269		21.43	%	$	11,674		8.0	%	$	14,592		10.0	%
Tier I Capital (to Risk Weighted Assets)		29,437		20.17	%		5,837		4.0	%		8,755		6.0	%
Tier I Capital (to Adjusted Total Assets)		29,437		10.39	%		11,328		4.0	%		14,160		5.0	%