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Capital Ratios (Tables)
 9 Months Ended
Sep. 30, 2014
Capital Ratios  
Schedule of actual and required capital ratios

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minimum Capital

 

Minimum Capital

 

Required to be

 

 

 

 

 

 

 

 

Required - Basel IIII

 

Required - Basel IIII

 

Considered Well

 

 

 

Actual

 

Phase-In Schedule

 

Fully Phased In

 

Capitalized

 

(Dollars in thousands)

    

Amount

    

Ratio

    

Capital Amount

    

Ratio

    

Capital Amount

    

Ratio

    

Capital Amount

    

Ratio

 

September 30, 2015

 

 

    

 

    

 

 

    

 

    

 

 

    

 

    

 

 

    

 

    

 

Common equity Tier 1 to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$
693,121

 
11.82

%  

$
263,907

 
4.50

%  

$
410,523

 
7.00

%  

$
381,200

 
6.50

%  

South State Bank (the Bank)

 

 
720,522

 
12.29

%  

 
263,769

 
4.50

%  

 
410,307

 
7.00

%

 
380,999

 
6.50

%

Tier 1 capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
743,805

 
12.68

%  

 
351,877

 
6.00

%  

 
498,492

 
8.50

%  

 
469,169

 
8.00

%  

South State Bank (the Bank)

 

 
720,522

 
12.29

%  

 
351,692

 
6.00

%  

 
498,230

 
8.50

%

 
468,922

 
8.00

%

Total capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
783,605

 
13.36

%  

 
469,169

 
8.00

%  

 
615,784

 
10.50

%  

 
586,461

 
10.00

%  

South State Bank (the Bank)

 

 
760,322

 
12.97

%  

 
468,922

 
8.00

%  

 
615,460

 
10.50

%

 
586,153

 
10.00

%

Tier 1 capital to average assets (leverage ratio):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
743,805

 
9.32

%  

 
319,149

 
4.00

%  

 
319,149

 
4.00

%  

 
398,937

 
5.00

%  

South State Bank (the Bank)

 

 
720,522

 
9.04

%  

 
318,835

 
4.00

%  

 
318,835

 
4.00

%

 
398,544

 
5.00

%

 

The following table presents actual and required capital ratios as of December 31, 2014 and September 30, 2014 under the regulatory capital rules then in effect.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Required to be

 

 

 

 

 

 

 

 

Minimum Capital

 

Consolidated Well

 

 

 

Actual

 

Requirement

 

Capitalized

 

(Dollars in thousands)

    

Amount

    

Ratio

    

Amount

    

Ratio

    

Amount

    

Ratio

     

December 31, 2014:

 

 

    

 

    

 

 

    

 

    

 

 

 

 

    

 

Tier 1 capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$
713,371

 
13.62

%  

$
209,491

 
4.00

%  

 

n/a

 

n/a

 

South State Bank (the Bank)

 

 
700,280

 
13.37

%  

 
209,438

 
4.00

%  

 
314,158

 
6.00

%

Total capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
755,484

 
14.43

%  

 
418,982

 
8.00

%  

 

n/a

 

n/a

 

South State Bank (the Bank)

 

 
742,393

 
14.18

%  

 
418,877

 
8.00

%  

 
523,596

 
10.00

%

Tier 1 capital to average assets (leverage ratio):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
713,371

 
9.47

%  

 
301,363

 
4.00

%  

 

n/a

 

n/a

 

South State Bank (the Bank)

 

 
700,280

 
9.30

%  

 
301,162

 
4.00

%  

 
376,452

 
5.00

%

September 30, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tier 1 capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$
694,095

 
13.29

%  

$
208,900

 
8.00

%  

 

n/a

 

n/a

 

South State Bank (the Bank

 

 
684,033

 
13.09

%  

 
208,971

 
8.00

%  

 
313,456

 
6.00

%

Total capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
737,243

 
14.12

%  

 
417,800

 
4.00

%  

 

n/a

 

n/a

 

South State Bank (the Bank)

 

 
727,079

 
13.92

%  

 
417,941

 
4.00

%  

 
522,426

 
10.00

%

Tier 1 capital to average assets (leverage ratio):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
694,095

 
9.16

%  

 
303,233

 
4.00

%  

 

n/a

 

n/a

 

South State Bank (the Bank)

 

 
684,033

 
9.03

%  

 
303,066

 
4.00

%  

 
378,833

 
5.00

%