Capital Requirements

12 Months Ended

Dec. 31, 2012

Deposits and Capital Requirements [Abstract]

Capital Requirements

(14) Capital Requirements

The Company and the Bank are subject to various regulatory capital requirements administered by federal and state 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 consolidated financial statements. Under capital adequacy guidelines, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification of the Company and the Bank are subject to qualitative judgments by the regulators about components, risk-weightings, and other factors.

Quantitative measures established by regulations to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier I capital to risk-weighted assets, and of Tier I capital to adjusted-average assets. Management believes, as of December 31, 2012 and 2011, the Company and the Bank met all capital adequacy requirements.

As of December 31, 2012, the most recent notification from the regulatory authorities 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 I risk-based, and Tier I leverage ratios as set forth in the table. There are no conditions or events since the notifications that management believes have changed the Bank’s categories.

						Minimum					Well-Capitalized
	Actual					Capital Requirements					Capital Requirements
(in thousands)	Amount		Ratio			Amount		Ratio			Amount		Ratio
December 31, 2012
Total capital (to risk-weighted assets):
Company	$	148,889		16.83	%	$	70,759		8.00	%		N.A.		N.A.	%
Bank		131,126		15.12			69,375		8.00		$	86,715		10.00
Tier I capital (to risk-weighted assets):
Company	$	120,138		13.58	%	$	35,380		4.00	%		N.A.		N.A.	%
Bank		120,243		13.87			34,686		4.00		$	52,029		6.00
Tier I capital (to adjusted average assets):
Company	$	120,138		10.37	%	$	34,762		3.00	%	$	N.A.		N.A.	%
Bank		120,243		10.60			34,037		3.00			56,729		5.00
(in thousands)
December 31, 2011
Total capital (to risk-weighted assets):
Company	$	159,768		18.03	%	$	70,905		8.00	%	$	N.A.		N.A.	%
Bank		130,398		15.00			69,567		8.00			86,959		10.00
Tier I capital (to risk-weighted assets):
Company	$	134,391		15.16	%	$	35,453		4.00	%	$	N.A.		N.A.	%
Bank		119,498		13.74			34,784		4.00			52,175		6.00
Tier I capital (to adjusted average assets):
Company	$	134,391		11.52	%	$	34,993		3.00	%	$	N.A.		N.A.	%
Bank		119,498		10.45			34,309		3.00			57,181		5.00