Regulatory Matters

3 Months Ended

Mar. 31, 2013

Regulatory Matters [Abstract]

REGULATORY MATTERS

NOTE 9 - 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 March 31, 2013, 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 March 31, 2013
Total Capital (to Risk Weighted Assets)	$	32,821		22.52	%	$	11,660		8.0	%	$	14,575		10.0	%
Tier I Capital (to Risk Weighted Assets)		30,998		21.27	%		5,830		4.0	%		8,745		6.0	%
Tier I Capital (to Adjusted Total Assets)		30,998		10.39	%		11,937		4.0	%		14,921		5.0	%
As of December 31, 2012
Total Capital (to Risk Weighted Assets)	$	32,792		22.13	%	$	11,856		8.0	%	$	14,821		10.0	%
Tier I Capital (to Risk Weighted Assets)		30,938		20.88	%		5,928		4.0	%		8,892		6.0	%
Tier I Capital (to Adjusted Total Assets)		30,938		10.48	%		11,809		4.0	%		14,761		5.0	%
Progressive Bank, N.A.
As of March 31, 2013
Total Capital (to Risk Weighted Assets)	$	32,632		22.42	%	$	11,642		8.0	%	$	14,552		10.0	%
Tier I Capital (to Risk Weighted Assets)		30,809		21.17	%		5,821		4.0	%		8,731		6.0	%
Tier I Capital (to Adjusted Total Assets)		30,809		10.33	%		11,925		4.0	%		14,907		5.0	%
As of December 31, 2012
Total Capital (to Risk Weighted Assets)	$	32,608		22.04	%	$	11,838		8.0	%	$	14,798		10.0	%
Tier I Capital (to Risk Weighted Assets)		30,754		20.78	%		5,919		4.0	%		8,879		6.0	%
Tier I Capital (to Adjusted Total Assets)		30,754		10.43	%		11,798		4.0	%		14,747		5.0	%