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Regulatory Matters (Tables)
 12 Months Ended
Dec. 31, 2015
Capital Ratios  
Schedule of actual and required capital ratios

The following table presents actual and required capital ratios as of December 31, 2015 for the Company and the Bank under the Basel III capital rules.  The minimum required capital amounts presented include the minimum required capital levels as of December 31, 2015 based on the phase-in provisions of the Basel III Capital Rules and the minimum required capital levels as of January 1, 2019 when the Basel III Capital Rules have been fully phased-in.  Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

December 31, 2015:

 

 

    

 

    

 

 

    

 

    

 

 

    

 

    

 

 

    

 

    

 

Common equity Tier 1 to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

$
711,577

 
11.84

%  

$
270,432

 
4.50

%  

$
420,762

 
7.00

%  

$
390,624

 
6.50

%

South State Bank (the Bank)

 

 
740,532

 
12.33

%  

 
270,354

 
4.50

%  

 
420,550

 
7.00

%  

 
390,511

 
6.50

%

Tier 1 capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
763,590

 
12.71

%  

 
360,576

 
6.00

%  

 
510,817

 
8.50

%  

 
480,768

 
8.00

%

South State Bank (the Bank)

 

 
740,532

 
12.33

%  

 
360,471

 
6.00

%  

 
510,668

 
8.50

%  

 
480,629

 
8.00

%

Total capital to risk-weighted assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
801,745

 
13.34

%  

 
480,768

 
8.00

%  

 
631,009

 
10.50

%  

 
600,961

 
10.00

%

South State Bank (the Bank)

 

 
778,538

 
12.96

%  

 
480,629

 
8.00

%  

 
630,825

 
10.50

%  

 
600,786

 
10.00

%

Tier 1 capital to average assets (leverage ratio):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 
763,590

 
9.31

%  

 
328,085

 
4.00

%  

 
328,085

 
4.00

%  

 
410,107

 
5.00

%

South State Bank (the Bank)

 

 
740,532

 
9.03

%  

 
327,854

 
4.00

%  

 
327,854

 
4.00

%  

 
409,818

 
5.00

%

 

The following table presents actual and required capital ratios as of December 31, 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

%