| Schedule of compliance with Regulatory Capital Requirements |
The table below summarizes our actual and required capital ratios under the Basel III Capital Rules. The ratios presented below include the effects of our election to utilize the five-year CECL transition described above. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Actual | | | | Minimum Capital Required | | Capital Required to be Well Capitalized | | (dollars in thousands) | | Capital Amount | Ratio | | | | | Capital Amount | Ratio | | Capital Amount | Ratio | | June 30, 2021 | | | | | | | | | | | | | | CET1 | | | | | | | | | | | | | | Company | | $ | 2,835,896 | | 10.53 | % | | | | | $ | 1,885,230 | | 7.00 | % | | N/A | N/A | | Bank | | 2,897,617 | | 10.76 | % | | | | | 1,884,671 | | 7.00 | % | | 1,750,052 | | 6.50 | % | | Total capital (to risk-weighted assets) | | | | | | | | | | | | | | Company | | 3,978,147 | | 14.77 | % | | | | | 2,827,845 | | 10.50 | % | | N/A | N/A | | Bank | | 3,469,176 | | 12.89 | % | | | | | 2,827,006 | | 10.50 | % | | 2,692,387 | | 10.00 | % | | Tier 1 capital (to risk-weighted assets) | | | | | | | | | | | | | | Company | | 3,245,896 | | 12.05 | % | | | | | 2,289,208 | | 8.50 | % | | N/A | N/A | | Bank | | 3,057,617 | | 11.36 | % | | | | | 2,288,529 | | 8.50 | % | | 2,153,910 | | 8.00 | % | | Tier 1 capital (to average assets)(1) | | | | | | | | | | | | | | Company | | 3,245,896 | | 8.38 | % | | | | | 1,548,586 | | 4.00 | % | | N/A | N/A | | Bank | | 3,057,617 | | 7.90 | % | | | | | 1,548,104 | | 4.00 | % | | 1,935,130 | | 5.00 | % | | December 31, 2020 | | | | | | | | | | | | | | CET1 | | | | | | | | | | | | | | Company | | $ | 2,708,150 | | 9.35 | % | | | | | $ | 2,026,400 | | 7.00 | % | | N/A | N/A | | Bank | | 2,744,211 | | 9.48 | % | | | | | 2,025,417 | | 7.00 | % | | 1,880,745 | | 6.50 | % | | Total capital (to risk-weighted assets) | | | | | | | | | | | | | | Company | | 3,498,737 | | 12.08 | % | | | | | 3,039,600 | | 10.50 | % | | N/A | N/A | | Bank | | 3,375,983 | | 11.67 | % | | | | | 3,038,126 | | 10.50 | % | | 2,893,453 | | 10.00 | % | | Tier 1 capital (to risk-weighted assets) | | | | | | | | | | | | | | Company | | 2,968,150 | | 10.25 | % | | | | | 2,460,628 | | 8.50 | % | | N/A | N/A | | Bank | | 2,904,211 | | 10.04 | % | | | | | 2,459,435 | | 8.50 | % | | 2,314,763 | | 8.00 | % | | Tier 1 capital (to average assets)(1) | | | | | | | | | | | | | | Company | | 2,968,150 | | 7.52 | % | | | | | 1,578,651 | | 4.00 | % | | N/A | N/A | | Bank | | 2,904,211 | | 7.36 | % | | | | | 1,578,207 | | 4.00 | % | | 1,972,758 | | 5.00 | % |
(1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve Board and the FDIC may require the Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum.
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