Note 15 - Regulatory Capital Requirements:

12 Months Ended

Jun. 30, 2012

Regulatory Capital Requirements under Banking Regulations [Text Block]

Note 15 – Regulatory Capital Requirements:

The Company and CalFirst Bank are subject to regulatory capital adequacy guidelines administered by federal banking agencies.  Failure to meet minimum capital requirements can result in the initiation of certain actions by the federal agencies that, if undertaken, could have a material effect on the Company’s financial statements.  The Company currently is required to maintain (i) Tier 1 risk-based capital equal to at least six percent (6%) of its risk-weighted assets; (ii) total risk-based capital (the sum of Tier 1 and Tier 2 capital) equal to ten percent (10%) of risk-weighted assets; and (iii) a minimum Tier 1 "leverage ratio" (measuring Tier 1 risk-based capital as a percentage of adjusted total assets) of at least five percent (5%).  CalFirst Bank is subject to risk-based and leverage capital requirements mandated by the Office of the Comptroller of the Currency.  The Bank is required to maintain (i) a minimum ratio of Tier 1 risk-based capital to risk-adjusted assets of four percent (4%) and (ii) a minimum ratio of qualifying total capital to risk-adjusted assets of eight percent (8%). In connection with its plan to expand its commercial lease portfolio, the Bank is required to maintain a Tier 1 capital ratio of not less than 14% through June 30, 2015.

The following table presents capital and capital ratio information for the Company and its banking subsidiary as of June 30, 2012 and 2011.  At June 30, 2012, the Company and CalFirst Bank exceeded all capital requirements by significant amounts.

	June 30,
	2012					2011
	(dollars in thousands)
California First National Bancorp	Amount		Ratio			Amount		Ratio
Tier 1 risk-based capital	$	195,751		39.5	%	$	198,115		40.8	%
Total risk-based capital	$	200,967		40.5	%	$	203,195		41.9	%
Tier 1 leverage capital	$	195,751		40.7	%	$	198,115		38.4	%
California First National Bank
Tier 1 risk-based capital	$	82,738		19.9	%	$	78,206		21.3	%
Total risk-based capital	$	86,840		20.8	%	$	81,803		22.3	%
Tier 1 leverage capital	$	82,738		22.4	%	$	78,206		20.8	%