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Regulatory Capital
 6 Months Ended
Jun. 30, 2022
Regulatory Capital Requirements under Banking Regulations [Abstract]  
Regulatory Capital Regulatory Capital
SoFi Technologies, a bank holding company, and SoFi Bank, a nationally chartered association, are required to comply with applicable capital adequacy regulations established by U.S banking regulators.
These requirements establish required minimum ratios for Common Equity Tier 1 (“CET1”) risk-based capital, Tier 1 risk-based capital, total risk-based capital and a Tier 1 leverage ratio; set risk-weighting for assets and certain other items for purposes of the risk-based capital ratios; and define what qualifies as capital for purposes of meeting the capital requirements. Failure to meet minimum capital requirements can result in certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material effect on the Company’s financial statements. Additionally, regulatory capital rules include a capital conservation buffer of 2.5% that is added on top of each of the minimum risk-based capital ratios in order to avoid restrictions on capital distributions and discretionary bonuses.
The risk- and leverage-based capital ratios and amounts as of June 30, 2022 are presented below:
June 30, 2022AmountRatio
Required Minimum(1)
Well-Capitalized Minimum(2)
SoFi Bank
CET1 risk-based capital$945,290 23.9 %7.0 %6.5 %
Tier 1 risk-based capital945,290 23.9 %8.5 %8.0 %
Total risk-based capital968,087 24.5 %10.5 %10.0 %
Tier 1 leverage945,290 32.6 %4.0 %5.0 %
Risk-weighted assets$3,952,945 
Quarterly adjusted average assets2,895,231 
SoFi Technologies
CET1 risk-based capital$3,035,247 30.2 %7.0 %N/A
Tier 1 risk-based capital3,035,247 30.2 %8.5 %N/A
Total risk-based capital3,378,418 33.6 %10.5 %N/A
Tier 1 leverage3,035,247 34.4 %4.0 %N/A
Risk-weighted assets$10,057,053 
Quarterly adjusted average assets8,832,284 
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(1)Required minimums presented for risk-based capital ratios include the required capital conservation buffer.
(2)The well-capitalized minimum measure is applicable at the bank level only.
As of June 30, 2022, our regulatory capital ratios exceeded the thresholds required to be regarded as a well-capitalized institution, and meet all capital adequacy requirements to which we are subject. There have been no events or conditions since June 30, 2022 that management believes would change the categorization.