REGULATORY CAPITAL REQUIREMENTS

12 Months Ended

Dec. 31, 2012

Banking and Thrift [Abstract]

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS

The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of Total and Tier 1 Capital (as defined) to average assets (as defined) and Tier 1 Capital to risk weighted assets (as defined). Management believes, as of December 31, 2012 and 2011 that the Company and the Bank met all capital adequacy requirements to which they are subject.

At December 31, 2012 the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, an institution must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following tables. There are no conditions or events since the notification that management believes have changed the Bank’s category. The Company’s and the Bank’s actual capital amounts and ratios as of December 31, 2012 and 2011 are also presented in the table that follows:

	Actual				For Capital Adequacy Purposes					To Be Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount			Ratio		Amount			Ratio
	(Dollars in thousands)
December 31, 2012
Company (consolidated)
Total capital (to risk weighted assets)	$	541,119	12.23	%	$	354,086	≥	8.0	%	N/A			N/A
Tier 1 capital (to risk weighted assets)	458,638		10.36		177,043		≥	4.0		N/A			N/A
Tier 1 capital (to average assets)	458,638		8.65		212,015		≥	4.0		N/A			N/A
Bank
Total capital (to risk weighted assets)	$	534,182	12.07	%	$	353,965	≥	8.0	%	$	442,456	≥	10.0	%
Tier 1 capital (to risk weighted assets)	451,701		10.21		176,983		≥	4.0		265,474		≥	6.0
Tier 1 capital (to average assets)	451,701		8.52		212,074		≥	4.0		265,093		≥	5.0
December 31, 2011
Company (consolidated)
Total capital (to risk weighted assets)	$	485,688	12.78	%	$	304,097	≥	8.0	%	N/A			N/A
Tier 1 capital (to risk weighted assets)	408,157		10.74		152,049		≥	4.0		N/A			N/A
Tier 1 capital (to average assets)	408,157		8.61		189,576		≥	4.0		N/A			N/A
Bank
Total capital (to risk weighted assets)	$	462,715	12.17	%	$	304,066	≥	8.0	%	$	380,082	≥	10.0	%
Tier 1 capital (to risk weighted assets)	385,189		10.13		152,033		≥	4.0		228,049		≥	6.0
Tier 1 capital (to average assets)	385,189		8.12		189,698		≥	4.0		237,123		≥	5.0