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CAPITAL REQUIREMENTS
 12 Months Ended
Dec. 31, 2013
Banking and Thrift [Abstract]  
CAPITAL REQUIREMENTS
CAPITAL REQUIREMENTS
 
Federal regulations require the Company and the Banks to maintain minimum amounts of capital.  Specifically, each is required to maintain certain minimum dollar amounts and ratios of Total and Tier 1 capital to risk-weighted assets and of Tier 1 capital to average total assets.
 
In addition to the capital requirements, the Federal Deposit Insurance Corporation Improvement Act (“FDICIA”) established five capital categories ranging from “well capitalized” to “critically undercapitalized.”  Should any institution fail to meet the requirements to be considered “adequately capitalized,” it would become subject to a series of increasingly restrictive regulatory actions.
 
As of December 31, 2013 and 2012, the FDIC categorized the Banks as well capitalized under the regulatory framework for prompt corrective action.  To be classified as a well capitalized financial institution, Total risk-based, Tier 1 risk-based, and Tier 1 leverage capital ratios must be at least 10%, 6%, and 5%, respectively.
 
The Company’s and the Banks' actual capital ratios are presented in the following tables, which shows that the Company both Banks met all regulatory capital requirements.
 
Consolidated Company
 
 
 
 
 
 
 
 
 
 
 
2013
 
2012
(In Thousands)
 
Amount
 
Ratio
 
Amount
 
Ratio
Total Capital (to Risk-weighted Assets)
 
 

 
 

 
 

 
 

Actual
 
$
117,123

 
13.16
%
 
$
85,377

 
14.97
%
For Capital Adequacy Purposes
 
71,200

 
8.00
%
 
45,641

 
8.00
%
To Be Well Capitalized
 
89,000

 
10.00
%
 
57,051

 
10.00
%
Tier I Capital (to Risk-weighted Assets)
 
 

 
 

 
 

 
 

Actual
 
$
106,178

 
11.93
%
 
$
77,717

 
13.62
%
For Capital Adequacy Purposes
 
35,600

 
4.00
%
 
22,820

 
4.00
%
To Be Well Capitalized
 
53,400

 
6.00
%
 
34,231

 
6.00
%
Tier I Capital (to Average Assets)
 
 

 
 

 
 

 
 

Actual
 
$
106,178

 
9.02
%
 
$
77,717

 
9.47
%
For Capital Adequacy Purposes
 
47,111

 
4.00
%
 
32,818

 
4.00
%
To Be Well Capitalized
 
58,889

 
5.00
%
 
41,022

 
5.00
%

Jersey Shore State Bank
 
 
 
 
 
 
 
2013
 
2012
(In Thousands)
 
Amount
 
Ratio
 
Amount
 
Ratio
Total Capital (to Risk-weighted Assets)
 
 

 
 

 
 

 
 

Actual
 
$
77,999

 
12.30
%
 
$
72,379

 
12.84
%
For Capital Adequacy Purposes
 
50,743

 
8.00
%
 
45,113

 
8.00
%
To Be Well Capitalized
 
63,428

 
10.00
%
 
56,392

 
10.00
%
Tier I Capital (to Risk-weighted Assets)
 
 

 
 

 
 

 
 

Actual
 
$
70,046

 
11.04
%
 
$
65,323

 
11.58
%
For Capital Adequacy Purposes
 
25,371

 
4.00
%
 
22,557

 
4.00
%
To Be Well Capitalized
 
38,057

 
6.00
%
 
33,835

 
6.00
%
Tier I Capital (to Average Assets)
 
 

 
 

 
 

 
 

Actual
 
$
70,046

 
8.01
%
 
$
65,323

 
8.02
%
For Capital Adequacy Purposes
 
34,991

 
4.00
%
 
32,570

 
4.00
%
To Be Well Capitalized
 
43,739

 
5.00
%
 
40,713

 
5.00
%

 
 
Luzerne Bank
 
 
 
 
 
2013
(In Thousands)
 
Amount
 
Ratio
Total Capital (to Risk-weighted Assets)
 
 

 
 

Actual
 
$
28,150

 
10.94
%
For Capital Adequacy Purposes
 
20,577

 
8.00
%
To Be Well Capitalized
 
25,721

 
10.00
%
Tier I Capital (to Risk-weighted Assets)
 
 

 
 

Actual
 
$
27,884

 
10.84
%
For Capital Adequacy Purposes
 
10,289

 
4.00
%
To Be Well Capitalized
 
15,433

 
6.00
%
Tier I Capital (to Average Assets)
 
 

 
 

Actual
 
$
27,884

 
8.72
%
For Capital Adequacy Purposes
 
12,794

 
4.00
%
To Be Well Capitalized
 
15,992

 
5.00
%