Cabela's 2012 Annual Report Download - page 112

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102
CABELA’S INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in Thousands Except Share and Per Share Amounts)
19. REGULATORY CAPITAL REQUIREMENTS
WFB is subject to various regulatory capital requirements administered by the Federal Deposit Insurance
Corporation and the Nebraska State Department of Banking and Finance. Under capital adequacy guidelines
and the regulatory framework for prompt corrective action, WFB must meet specific capital guidelines that
involve quantitative measures of WFB’s assets, liabilities, and certain off-balance sheet items as calculated under
regulatory accounting practices. WFB’s capital amounts and classification are also subject to qualitative judgment
by the regulators with respect to components, risk weightings, and other factors.
The quantitative measures established by regulation to ensure capital adequacy require that WFB maintain
minimum amounts and ratios (defined in the regulations) as set forth in the following table. WFB exceeded the
minimum requirements for the “well-capitalized” category under the regulatory framework for prompt corrective
action for both periods presented.
As of December 31, 2012 and 2011, the most recent notification from the Federal Deposit Insurance
Corporation categorized WFB as “well-capitalized” under the regulatory framework for prompt corrective action.
To be categorized as “well-capitalized” WFB must maintain certain amounts and ratios as set forth in the following
table. There are no conditions or events since that notification that management believes have changed the
institution’s category.
Actual
Capital Requirements
to be Classified
Adequately-Capitalized
Capital Requirements
to be Classified
Well-Capitali zed
Amount Ratio Amount Ratio Amount Ratio
2012:
Total Capital to Risk-Weighted Assets $ 440,927 12.0% $ 295,081 8.0% $ 368,852 10.0%
Tier I Capital to Risk-Weighted Assets 394,580 10.7 147,541 4.0 221,311 6.0
Tier I Capital to Average Assets 394,580 11.2 140,664 4.0 175,830 5.0
2011:
Total Capital to Risk-Weighted Assets $ 388,370 11.8% $ 262,770 8.0% $ 328,462 10.0%
Tier I Capital to Risk-Weighted Assets 346,914 10.6 131,385 4.0 197,077 6.0
Tier I Capital to Average Assets 346,914 10.8 128,186 4.0 160,233 5.0
20. STOCK BASED COMPENSATION PLANS AND EMPLOYEE BENEFIT PLANS
Stock-Based Compensation – The Company recognized total stock-based compensation expense of $13,733,
$12,911, and $11,198 in 2012, 2011, and 2010, respectively. Compensation expense related to the Company’s stock-
based payment awards is recognized in selling, distribution, and administrative expenses in the consolidated
statements of income. Compensation cost for awards is recognized using a straight-line amortization method over
the vesting period. At December 29, 2012, the total unrecognized deferred stock-based compensation balance for
all equity awards issued, net of expected forfeitures, was $13,660, net of tax, which is expected to be amortized
over a weighted average period of 2.1 years.