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Regulatory Matters
 12 Months Ended
Dec. 31, 2012
Regulatory Matters [Abstract]  
Regulatory Matters
Note 14- Regulatory Matters
 
As of December 31, 2012, Bancorp's reservable liability was below the threshold established by the Federal Reserve Bank and therefore, Bancorp was not required to maintain reserves (in the form of deposits with the Federal Reserve Bank or a correspondent bank on behalf of the Federal Reserve Bank.)

The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possible additional discretionary, actions by the regulators that, if undertaken, could have a direct material effect on the Bancorp's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank's capital amounts and classifications 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 Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined). Management believes, as of December 31, 2012, that the Bank meets all capital adequacy requirements to which it is subject.

As of December 31, 2012, the most recent notification from the regulators categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank's category. The Bank's actual capital amounts and ratios are also presented in the table.
 
The following table presents the Bank's actual capital amounts and ratios at December 31, 2012 and 2011:
 
   
 
 
Actual
  
 
For Capital
Adequacy Purposes
  
To Be Well
Capitalized Under
Prompt Corrective
Action Provisions
 
   
Amount
  
%
  
Amount
  
%
  
Amount
  
%
 
   
(dollars in thousands)
 
December 31, 2012
                  
Tangible (1)
 $122,836   14.6% $12,620   1.50%  N/A   N/A 
Tier 1 capital (2)
  122,836   19.6%  N/A   N/A  $37,656   6.00%
Core (1)
  122,836   14.6%  33,653   4.00%  42,066   5.00%
Total (2)
  130,592   20.8%  50,209   8.00%  62,761   10.00%
                          
December 31, 2011
(restated)
                        
Tangible (1)
 $115,321   13.0% $13,351   1.50%  N/A   N/A 
Tier 1 capital (2)
  115,321   17.2%  N/A   N/A  $40,292   6.00%
Core (1)
  115,321   13.0%  35,603   4.00%  44,504   5.00%
Total (2)
  123,771   18.4%  53,750   8.00%  67,187   10.00%

(1) To adjusted total assets.
(2) To risk-weighted assets.

On November 23, 2009, Bancorp and the Bank entered into supervisory agreements with their regulators. The agreements require, among other things, in accordance with specific guidelines set forth in the agreements, that the Bank revise its policies regarding problem assets, revise its allowance for loan and lease losses policies, revise policies and procedures for the use of interest reserves, develop and implement a program for managing risks associated with concentrations of credit, revise its loan modification policy and furnish written quarterly progress reports to its regulators detailing the actions taken to comply with the agreements. In addition, Bancorp and the Bank must obtain prior regulatory approval before any dividends or capital distributions can be made. Bancorp's main source of income is dividends from the Bank. As a result, Bancorp's dividends to its shareholders will depend primarily upon receipt of dividends from the Bank and compliance with the supervisory agreements. Management believes that Bancorp and the Bank are in compliance with these agreements at December 31, 2012.