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Regulatory Matters (Tables)
 3 Months Ended
Mar. 31, 2013
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)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital to risk-weighted assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Consolidated
 
$
212,720
 
 
 
15.57
%
 
$
109,270
 
 
 
8.00
%
 
NA
 
 
NA
 
  Independent Bank
 
 
215,128
 
 
 
15.78
 
 
 
109,051
 
 
 
8.00
 
 
 
136,313
 
 
 
10.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 capital to risk-weighted assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Consolidated
 
$
195,247
 
 
 
14.29
%
 
$
54,635
 
 
 
4.00
%
 
NA
 
 
NA
 
  Independent Bank
 
 
197,688
 
 
 
14.50
 
 
 
54,525
 
 
 
4.00
 
 
 
81,788
 
 
 
6.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 capital to average assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Consolidated
 
$
195,247
 
 
 
9.50
%
 
$
82,248
 
 
 
4.00
%
 
NA
 
 
NA
 
  Independent Bank
 
 
197,688
 
 
 
9.62
 
 
 
82,166
 
 
 
4.00
 
 
$
102,707
 
 
 
5.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total capital to risk-weighted assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Consolidated
 
$
204,663
 
 
 
14.71
%
 
$
111,268
 
 
 
8.00
%
 
NA
 
 
NA
 
  Independent Bank
 
 
207,553
 
 
 
14.95
 
 
 
111,063
 
 
 
8.00
 
 
$
138,829
 
 
 
10.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 capital to risk-weighted assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Consolidated
 
$
185,948
 
 
 
13.37
%
 
$
55,634
 
 
 
4.00
%
 
NA
 
 
NA
 
  Independent Bank
 
 
189,777
 
 
 
13.67
 
 
 
55,531
 
 
 
4.00
 
 
$
83,297
 
 
 
6.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tier 1 capital to average assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Consolidated
 
$
185,948
 
 
 
8.08
%
 
$
92,026
 
 
 
4.00
%
 
NA
 
 
NA
 
  Independent Bank
 
 
189,777
 
 
 
8.26
 
 
 
91,919
 
 
 
4.00
 
 
$
114,899
 
 
 
5.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NA - Not applicable
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Components of regulatory capital
The components of our regulatory capital are as follows:

 
Consolidated
 
 
Independent Bank
 
 
March 31,
 
 
December 31,
 
 
March 31,
 
 
December 31,
 
 
2013
 
 
2012
 
 
2013
 
 
2012
 
 
(In thousands)
 
 Total shareholders' equity
 
$
144,085
 
 
$
134,975
 
 
$
195,095
 
 
$
186,384
 
   Add (deduct)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      Qualifying trust preferred securities
 
 
48,668
 
 
 
47,678
 
 
 
-
 
 
 
-
 
     Accumulated other comprehensive  loss
 
 
6,953
 
 
 
8,058
 
 
 
7,052
 
 
 
8,156
 
     Intangible assets
 
 
(3,772
)
 
 
(3,975
)
 
 
(3,772
)
 
 
(3,975
)
      Disallowed capitalized mortgage loan servicing rights
 
 
(687
)
 
 
(788
)
 
 
(687
)
 
 
(788
)
         Tier 1 capital
 
 
195,247
 
 
 
185,948
 
 
 
197,688
 
 
 
189,777
 
      Qualifying trust preferred securities
 
 
-
 
 
 
990
 
 
 
-
 
 
 
-
 
    Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets
 
 
17,473
 
 
 
17,725
 
 
 
17,440
 
 
 
17,776
 
         Total risk-based capital
 
$
212,720
 
 
$
204,663
 
 
$
215,128
 
 
$
207,553
 
Actual capital ratios to minimum ratios imposed by board resolution
Set forth below are the actual capital ratios of our Bank as of March 31, 2013, the minimum capital ratios imposed by our Board, 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
 
 
March 31,
 
 
Established
 
 
be Well-
 
 
2013
 
 
by our Board
 
 
Capitalized
 
Total Capital to Risk-Weighted Assets
 
 
15.78
%
 
 
11.00
%
 
 
10.00
%
Tier 1 Capital to Average Total Assets
 
 
9.62
 
 
 
8.00
 
 
 
5.00