Schedule of actual and required capital ratios |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Minimum Capital | | Minimum Capital | | Required to be | | | | | | | | | Required - Basel III | | Required - Basel III | | Considered Well | | | | Actual | | Phase-In Schedule | | Fully Phased In | | Capitalized | | (Dollars in thousands) | | Amount | | Ratio | | Capital Amount | | Ratio | | Capital Amount | | Ratio | | Capital Amount | | Ratio | | December 31, 2019 | | | | | | | | | | | | | | | | | | | | | | Common equity Tier 1 to risk-weighted assets: | | | | | | | | | | | | | | | | | | | | | | Consolidated | | $ | 1,326,725 | | 11.30 | % | $ | 822,225 | | 7.00 | % | $ | 822,225 | | 7.00 | % | $ | 763,495 | | 6.50 | % | South State Bank (the Bank) | | | 1,417,616 | | 12.07 | % | | 822,218 | | 7.00 | % | | 822,218 | | 7.00 | % | | 763,488 | | 6.50 | % | Tier 1 capital to risk-weighted assets: | | | | | | | | | | | | | | | | | | | | | | Consolidated | | | 1,438,995 | | 12.25 | % | | 998,416 | | 8.50 | % | | 998,416 | | 8.50 | % | | 939,686 | | 8.00 | % | South State Bank (the Bank) | | | 1,417,616 | | 12.07 | % | | 998,407 | | 8.50 | % | | 998,407 | | 8.50 | % | | 939,677 | | 8.00 | % | Total capital to risk-weighted assets: | | | | | | | | | | | | | | | | | | | | | | Consolidated | | | 1,501,321 | | 12.78 | % | | 1,233,338 | | 10.50 | % | | 1,233,338 | | 10.50 | % | | 1,174,607 | | 10.00 | % | South State Bank (the Bank) | | | 1,479,942 | | 12.60 | % | | 1,233,327 | | 10.50 | % | | 1,233,327 | | 10.50 | % | | 1,174,597 | | 10.00 | % | Tier 1 capital to average assets (leverage ratio): | | | | | | | | | | | | | | | | | | | | | | Consolidated | | | 1,438,995 | | 9.73 | % | | 591,731 | | 4.00 | % | | 591,731 | | 4.00 | % | | 739,664 | | 5.00 | % | South State Bank (the Bank) | | | 1,417,616 | | 9.59 | % | | 591,592 | | 4.00 | % | | 591,592 | | 4.00 | % | | 739,490 | | 5.00 | % | December 31, 2018: | | | | | | | | | | | | | | | | | | | | | | Common equity Tier 1 to risk-weighted assets: | | | | | | | | | | | | | | | | | | | | | | Consolidated | | $ | 1,335,826 | | 12.05 | % | $ | 706,981 | | 6.38 | % | $ | 776,293 | | 7.00 | % | $ | 720,844 | | 6.50 | % | South State Bank (the Bank) | | | 1,427,764 | | 12.87 | % | | 707,039 | | 6.38 | % | | 776,356 | | 7.00 | % | | 720,902 | | 6.50 | % | Tier 1 capital to risk-weighted assets: | | | | | | | | | | | | | | | | | | | | | | Consolidated | | | 1,447,428 | | 13.05 | % | | 873,330 | | 7.88 | % | | 942,642 | | 8.50 | % | | 887,192 | | 8.00 | % | South State Bank (the Bank) | | | 1,427,764 | | 12.87 | % | | 873,401 | | 7.88 | % | | 942,718 | | 8.50 | % | | 887,264 | | 8.00 | % | Total capital to risk-weighted assets: | | | | | | | | | | | | | | | | | | | | | | Consolidated | | | 1,503,561 | | 13.56 | % | | 1,095,128 | | 9.88 | % | | 1,164,440 | | 10.50 | % | | 1,108,990 | | 10.00 | % | South State Bank (the Bank) | | | 1,483,897 | | 13.38 | % | | 1,095,217 | | 9.88 | % | | 1,164,534 | | 10.50 | % | | 1,109,080 | | 10.00 | % | Tier 1 capital to average assets (leverage ratio): | | | | | | | | | | | | | | | | | | | | | | Consolidated | | | 1,447,428 | | 10.65 | % | | 543,506 | | 4.00 | % | | 543,506 | | 4.00 | % | | 679,383 | | 5.00 | % | South State Bank (the Bank) | | | 1,427,764 | | 10.51 | % | | 543,387 | | 4.00 | % | | 543,387 | | 4.00 | % | | 679,234 | | 5.00 | % |
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