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REGULATORY MATTERS (Tables)
 12 Months Ended
Dec. 31, 2014
REGULATORY MATTERS [Abstract]  
Actual capital amounts and ratios
Our actual capital amounts and ratios at December 31 follow:

      
Minimum for
  
Minimum for
 
      
Adequately Capitalized
  
Well-Capitalized
 
  
Actual
  
Institutions
  
Institutions
 
  
Amount
  
Ratio
  
Amount
  
Ratio
  
Amount
  
Ratio
 
  
(Dollars in thousands)
 
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
%
                         
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
 
  
December 31,
  
December 31,
 
  
2014
  
2013
  
2014
  
2013
 
  
(In thousands)
 
Total shareholders' equity
 
$
250,371
  
$
231,581
  
$
257,832
  
$
250,306
 
Add (deduct)
                
Qualifying trust preferred securities
  
34,500
   
39,500
   
-
   
-
 
Accumulated other comprehensive loss
  
5,636
   
9,245
   
5,636
   
9,245
 
Intangible assets
  
(2,627
)
  
(3,163
)
  
(2,627
)
  
(3,163
)
Disallowed deferred tax assets
  
(40,500
)
  
(49,609
)
  
(30,728
)
  
(40,026
)
Disallowed capitalized mortgage loan servicing rights
  
(752
)
  
(216
)
  
(752
)
  
(216
)
Tier 1 capital
  
246,628
   
227,338
   
229,361
   
216,146
 
Allowance for loan losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets
  
18,535
   
17,946
   
18,522
   
17,932
 
Total risk-based capital
 
$
265,163
  
$
245,284
  
$
247,883
  
$
234,078