Regulatory Matters

6 Months Ended

Jun. 30, 2015

Regulatory Capital Requirements [Abstract]

Regulatory Matters

Regulatory Matters

Regulatory Capital

Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and 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 regulators about components, risk weightings, and other factors. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that could have a material effect on the Consolidated Financial Statements. On January 1, 2015, the Basel III rules became effective and include transition provisions through 2018. Under Basel III, Total capital consists of two tiers of capital, Tier 1 and Tier 2. Tier 1 capital is further composed of common equity Tier 1 capital and additional Tier 1 capital.

To be categorized as "well capitalized," the Company and the Bank must maintain minimum tangible capital, Tier 1 capital, common equity Tier 1, and total capital ratios as set forth in the table below. The Company and the Bank are considered "well capitalized" at both June 30, 2015 and December 31, 2014. There have been no conditions or events that management believes have changed the Company's or the Bank’s category.

The following table shows the regulatory capital ratios as of the dates indicated.

Bancorp	Actual				For Capital Adequacy Purposes				Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in millions)
June 30, 2015 (1)
Tangible capital (to tangible assets)	$	1,309	11.47	%	N/A		N/A		N/A		N/A
Tier 1 capital (to adjusted tangible assets)	1,309		11.47	%	$	456	4.0	%	$	570	5.0	%
Common equity Tier 1 capital (to RWA)	954		14.56	%	295		4.5	%	426		6.5	%
Tier 1 capital (to risk-weighted assets)	1,309		19.97	%	393		6.0	%	524		8.0	%
Total capital (to risk-weighted assets)	1,396		21.30	%	524		8.0	%	655		10.0	%
December 31, 2014
Tangible capital (to tangible assets)	$	1,184	12.59	%	N/A		N/A		N/A		N/A
Tier 1 capital (to adjusted tangible assets)	1,184		12.59	%	$	376	4.0	%	$	470	5.0	%
Tier 1 capital (to risk-weighted assets)	1,184		22.81	%	208		4.0	%	311		6.0	%
Total capital (to risk-weighted assets)	1,252		24.12	%	415		8.0	%	519		10.0	%

N/A - Not applicable.

(1) On January 1, 2015, the Basel III rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity Tier 1 capital and Tier 1 capital. The Company and the Bank reported under Basel I (which included the Market Risk Final Rules) at December 31, 2014.

Bank	Actual				For Capital Adequacy Purposes				Well Capitalized Under Prompt Corrective Action Provisions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in millions)
June 30, 2015 (1)
Tangible capital (to tangible assets)	$	1,337	11.70	%	N/A		N/A		N/A		N/A
Tier 1 capital (to adjusted tangible assets)	1,337		11.70	%	$	457	4.0	%	$	571	5.0	%
Common equity tier 1 capital (to RWA)	1,337		20.35	%	296		4.5	%	427		6.5	%
Tier 1 capital (to risk-weighted assets)	1,337		20.35	%	394		6.0	%	526		8.0	%
Total capital (to risk-weighted assets)	1,423		21.66	%	526		8.0	%	657		10.0	%
December 31, 2014
Tangible capital (to tangible assets)	$	1,167	12.43	%	N/A		N/A		N/A		N/A
Tier 1 capital (to adjusted tangible assets)	1,167		12.43	%	$	376	4.0	%	$	470	5.0	%
Tier 1 capital (to risk-weighted assets)	1,167		22.54	%	207		4.0	%	311		6.0	%
Total capital (to risk-weighted assets)	1,235		23.85	%	414		8.0	%	518		10.0	%

(1) On January 1, 2015, the Basel III rules became effective, subject to transition provisions primarily related to regulatory deductions and adjustments impacting common equity Tier 1 capital and Tier 1 capital. The Company and the Bank reported under Basel I (which included the Market Risk Final Rules) at December 31, 2014.