Regulatory Matters

9 Months Ended

Sep. 30, 2020

Regulatory Capital Requirements Under Banking Regulations [Abstract]

Regulatory Matters

Regulatory Matters

As of September 30, 2020, United and the Bank were categorized as well-capitalized under the regulatory framework for prompt corrective action in effect at such time. To be categorized as well-capitalized at September 30, 2020, United and the Bank must have exceeded the well-capitalized guideline ratios in effect at such time, as set forth in the table below, and have met certain other requirements. Management believes that United and the Bank exceeded all well-capitalized requirements at September 30, 2020, and there have been no conditions or events since quarter-end that would change the status of well-capitalized.

Pursuant to the CARES Act, United has adopted relief provided by federal banking regulatory agencies for the delay of the adverse capital impact of CECL at adoption and during the subsequent two-year period after adoption. This optional two-year delay is followed by an optional three-year transition period to phase out the aggregate amount of capital benefit provided during the initial two-year delay. Under the transition provision, the amount of aggregate capital benefit is phased out by 25% each year with the full impact of adoption completely recognized by the beginning of the sixth year after adoption.

Regulatory capital ratios at September 30, 2020 and December 31, 2019, along with the minimum amounts required for capital adequacy purposes and to be well-capitalized under prompt corrective action provisions in effect at such times are presented below for United and the Bank (dollars in thousands):

					United Community Banks, Inc. (Consolidated)						United Community Bank
	Minimum (1)		Well Capitalized		September 30, 2020			December 31, 2019			September 30, 2020			December 31, 2019
Risk-based ratios:
Common equity tier 1 capital	4.5	%	6.5	%	12.31		%	12.97		%	13.20		%	14.87		%
Tier 1 capital	6.0		8.0		13.12			13.21			13.20			14.87
Total capital	8.0		10.0		15.27			15.01			14.21			15.54
Leverage ratio	4.0		5.0		9.38			10.34			9.42			11.63
Common equity tier 1 capital					$	1,459,152		$	1,275,148		$	1,559,356		$	1,458,720
Tier 1 capital					1,555,574			1,299,398			1,559,356			1,458,720
Total capital					1,810,503			1,476,302			1,678,689			1,524,267
Risk-weighted assets					11,857,146			9,834,051			11,815,993			9,810,477
Average total assets for the leverage ratio					16,583,232			12,568,563			16,554,227			12,545,254

(1) As of September 30, 2020 and December 31, 2019 the additional capital conservation buffer in effect was 2.50%