Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2015

Regulatory Matters [Abstract]

Actual capital amounts and ratios

Our actual capital amounts and ratios follow:

	Actual					Minimum for Adequately Capitalized Institutions					Minimum for Well-Capitalized Institutions
	Amount		Ratio			Amount		Ratio			Amount		Ratio
	(Dollars in thousands)
March 31, 2015
Total capital to risk-weighted assets
Consolidated	$	271,391		17.28	%	$	125,611		8.00	%	NA		NA
Independent Bank		237,073		15.12			125,456		8.00		$	156,820		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	251,443		16.01	%	$	94,208		6.00	%	NA		NA
Independent Bank		217,216		13.85			94,092		6.00		$	125,456		8.00	%
Common equity tier 1 capital to risk-weighted assets
Consolidated	$	237,386		15.12	%	$	62,806		4.50	%	NA		NA
Independent Bank		217,216		13.85			70,569		4.50		$	101,933		6.50	%
Tier 1 capital to average assets
Consolidated	$	251,443		11.22	%	$	89,647		4.00	%	NA		NA
Independent Bank		217,216		9.70			89,576		4.00		$	111,970		5.00	%
December 31, 2014
Total capital to risk-weighted assets
Consolidated	$	265,163		18.06	%	$	117,427		8.00	%	NA		NA
Independent Bank		247,883		16.90			117,374		8.00		$	146,718		10.00	%
Tier 1 capital to risk-weighted assets
Consolidated	$	246,628		16.80	%	$	58,714		4.00	%	NA		NA
Independent Bank		229,361		15.63			58,687		4.00		$	88,031		6.00	%
Tier 1 capital to average assets
Consolidated	$	246,628		11.18	%	$	88,206		4.00	%	NA		NA
Independent Bank		229,361		10.46			87,687		4.00		$	109,609		5.00	%
NA - Not applicable

Components of regulatory capital

The components of our regulatory capital are as follows:

	Consolidated						Independent Bank
	March 31, 2015			December 31, 2014			March 31, 2015			December 31, 2014
	(In thousands)
Total shareholders' equity	$	253,625		$	250,371		$	244,807		$	257,832
Add (deduct)
Accumulated other comprehensive (gain) loss for regulatory purposes		(1,596	)		5,636			(1,596	)		5,636
Intangible assets		(1,016	)		(2,627	)		(1,016	)		(2,627	)
Disallowed deferred tax assets		(13,627	)		(40,500	)		(24,979	)		(30,728	)
Disallowed capitalized mortgage loan servicing rights		-			(752	)		-			(752	)
Common equity tier 1 capital		237,386			212,128			217,216			229,361
Qualifying trust preferred securities		34,500			34,500			-			-
Disallowed deferred tax assets		(20,443	)		-			-			-
Tier 1 capital		251,443			246,628			217,216			229,361
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets		19,948			18,535			19,857			18,522
Total risk-based capital	$	271,391		$	265,163		$	237,073		$	247,883