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Regulatory Matters (Tables)
 3 Months Ended
Mar. 31, 2014
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, 2014
 
  
  
  
  
  
 
Total capital to risk-weighted assets
 
  
  
  
  
  
 
Consolidated
 
$
251,431
   
17.82
%
 
$
112,869
   
8.00
%
 
NA
  
NA
 
Independent Bank
  
240,390
   
17.05
   
112,792
   
8.00
  
$
140,990
   
10.00
%
 
                        
Tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
233,544
   
16.55
%
 
$
56,434
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
222,517
   
15.78
   
56,396
   
4.00
  
$
84,594
   
6.00
%
 
                        
Tier 1 capital to average assets
                        
Consolidated
 
$
233,544
   
10.73
%
 
$
87,031
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
222,517
   
10.23
   
86,988
   
4.00
  
$
108,735
   
5.00
%
 
                        
December 31, 2013
                        
Total capital to risk-weighted assets
                        
Consolidated
 
$
245,284
   
17.35
%
 
$
113,086
   
8.00
%
 
NA
  
NA
 
Independent Bank
  
234,078
   
16.57
   
113,013
   
8.00
  
$
141,267
   
10.00
%
 
                        
Tier 1 capital to risk-weighted assets
                        
Consolidated
 
$
227,338
   
16.08
%
 
$
56,543
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
216,146
   
15.30
   
56,507
   
4.00
   
84,760
   
6.00
%
 
                        
Tier 1 capital to average assets
                        
Consolidated
 
$
227,338
   
10.61
%
 
$
85,729
   
4.00
%
 
NA
  
NA
 
Independent Bank
  
216,146
   
10.09
   
85,681
   
4.00
   
107,101
   
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,
 
 
 
2014
  
2013
  
2014
  
2013
 
 
 
(In thousands)
 
Total shareholders' equity
 
$
236,586
  
$
231,581
  
$
255,333
  
$
250,306
 
Add (deduct)
                
Qualifying trust preferred securities
  
39,500
   
39,500
   
-
   
-
 
Accumulated other comprehensive loss
  
7,644
   
9,245
   
7,644
   
9,245
 
Intangible assets
  
(3,029
)
  
(3,163
)
  
(3,029
)
  
(3,163
)
Disallowed deferred tax assets
  
(46,760
)
  
(49,609
)
  
(37,034
)
  
(40,026
)
Disallowed capitalized mortgage loan servicing rights
  
(397
)
  
(216
)
  
(397
)
  
(216
)
Tier 1 capital
  
233,544
   
227,338
   
222,517
   
216,146
 
Qualifying trust preferred securities
  
-
   
-
   
-
   
-
 
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets
  
17,887
   
17,946
   
17,873
   
17,932
 
Total risk-based capital
 
$
251,431
  
$
245,284
  
$
240,390
  
$
234,078