Regulatory Matters (Tables)

9 Months Ended

Sep. 30, 2012

Regulatory Matters [Abstract]

Actual capital amounts and ratios

Our actual capital amounts and ratios follow:

						Minimum for					Minimum for
						Adequately Capitalized					Well-Capitalized
	Actual					Institutions					Institutions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(Dollars in thousands)
September 30, 2012
Total capital to risk-weighted assets
Consolidated	$	189,627		12.98	%	$	116,898		8.00	%	NA		NA
Independent Bank		192,779		13.22			116,682		8.00		$	145,853		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	165,638		11.34	%	$	58,449		4.00	%	NA		NA
Independent Bank		174,171		11.94			58,341		4.00		$	87,512		6.00	%
Tier 1 capital to average assets
Consolidated	$	165,638		6.92	%	$	95,732		4.00	%	NA		NA
Independent Bank		174,171		7.29			95,626		4.00		$	119,533		5.00	%
December 31, 2011
Total capital to risk-weighted assets
Consolidated	$	174,547		11.31	%	$	123,470		8.00	%	NA		NA
Independent Bank		175,868		11.41			123,254		8.00		$	154,068		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	144,265		9.35	%	$	61,735		4.00	%	NA		NA
Independent Bank		156,104		10.13			61,627		4.00		$	92,441		6.00	%
Tier 1 capital to average assets
Consolidated	$	144,265		6.25	%	$	92,338		4.00	%	NA		NA
Independent Bank		156,104		6.77			92,268		4.00		$	115,335		5.00	%

NA - Not applicable

Components of regulatory capital

The components of our regulatory capital are as follows:

	Consolidated						Independent Bank
	September 30,			December 31,			September 30,			December 31,
	2012			2011			2012			2011
	(In thousands)
Total shareholders' equity	$	121,528		$	102,627		$	173,283		$	152,987
Add (deduct)
Qualifying trust preferred securities		43,320			38,183			-			-
Accumulated other comprehensive loss		8,432			11,921			8,530			11,583
Intangible assets		(6,793	)		(7,609	)		(6,793	)		(7,609	)
Disallowed capitalized mortgage loan servicing rights		(849	)		(857	)		(849	)		(857	)
Tier 1 capital		165,638			144,265			174,171			156,104
Qualifying trust preferred securities		5,348			10,485			-			-
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets		18,641			19,797			18,608			19,764
Total risk-based capital	$	189,627		$	174,547		$	192,779		$	175,868

Actual capital ratios to minimum ratios imposed by board resolution

Set forth below are the actual capital ratios of our Bank as of September 30, 2012, the minimum capital ratios imposed by the Board resolutions, and the minimum ratios necessary to be considered "well-capitalized" under federal regulatory standards:

	Independent						Minimum
	Bank			Minimum			Ratio
	Actual as of			Ratios			Required to
	September 30,			Established			be Well-
	2012			by our Board			Capitalized
Total Capital to Risk-Weighted Assets		13.22	%		11.00	%		10.00	%
Tier 1 Capital to Average Total Assets		7.29			8.00			5.00