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Capital Ratios (Tables) | 3 Months Ended
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Mar. 31, 2021
Capital Ratios |
Schedule of actual and required capital ratios | The following table presents actual and required capital ratios as of March 31, 2021 and December 31, 2020 for the Company and the Bank under the current capital rules. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | Required to be |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Minimum Capital |  | Considered Well |
​ | ​ | Actual | ​ | Required - Basel III | ​ | Capitalized | ​
(Dollars in thousands) |  | Amount |  | Ratio |  | Capital Amount |  | Ratio |  | Capital Amount |  | Ratio |
March 31, 2021: | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​
Common equity Tier 1 to risk-weighted assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ | $ | 3,096,859 |  | 12.13 | % | $ | 1,781,504 | ​ | 7.00 | % | $ | 1,654,253 |  | 6.50 | %
South State Bank (the Bank) | ​ |  | 3,275,890 |  | 12.87 | % |  | 1,776,040 | ​ | 7.00 | % |  | 1,649,180 |  | 6.50 | %
Tier 1 capital to risk-weighted assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ |  | 3,096,859 |  | 12.13 | % |  | 2,163,254 | ​ | 8.50 | % |  | 2,036,004 |  | 8.00 | %
South State Bank (the Bank) | ​ |  | 3,275,890 |  | 12.87 | % |  | 2,156,620 | ​ | 8.50 | % |  | 2,029,760 |  | 8.00 | %
Total capital to risk-weighted assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ |  | 3,699,651 |  | 14.49 | % |  | 2,672,255 | ​ | 10.50 | % |  | 2,545,005 |  | 10.00 | %
South State Bank (the Bank) | ​ |  | 3,487,182 |  | 13.70 | % |  | 2,664,060 | ​ | 10.50 | % |  | 2,537,200 |  | 10.00 | %
Tier 1 capital to average assets (leverage ratio): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ |  | 3,096,859 |  | 8.47 | % |  | 1,463,005 | ​ | 4.00 | % |  | 1,828,756 |  | 5.00 | %
South State Bank (the Bank) | ​ |  | 3,275,890 |  | 8.99 | % |  | 1,458,191 | ​ | 4.00 | % |  | 1,822,739 |  | 5.00 | %
December 31, 2020: | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​
Common equity Tier 1 to risk-weighted assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ | $ | 3,010,174 |  | 11.77 | % | $ | 1,789,984 | ​ | 7.00 | % | $ | 1,662,128 |  | 6.50 | %
South State Bank (the Bank) | ​ |  | 3,157,098 |  | 12.39 | % |  | 1,784,120 | ​ | 7.00 | % |  | 1,656,683 |  | 6.50 | %
Tier 1 capital to risk-weighted assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ |  | 3,010,174 |  | 11.77 | % |  | 2,173,552 | ​ | 8.50 | % |  | 2,045,696 |  | 8.00 | %
South State Bank (the Bank) | ​ |  | 3,157,098 |  | 12.39 | % |  | 2,166,432 | ​ | 8.50 | % |  | 2,038,994 |  | 8.00 | %
Total capital to risk-weighted assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ |  | 3,642,039 |  | 14.24 | % |  | 2,684,976 | ​ | 10.50 | % |  | 2,557,120 |  | 10.00 | %
South State Bank (the Bank) | ​ |  | 3,397,463 |  | 13.33 | % |  | 2,676,180 | ​ | 10.50 | % |  | 2,548,743 |  | 10.00 | %
Tier 1 capital to average assets (leverage ratio): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Consolidated | ​ |  | 3,010,174 |  | 8.27 | % |  | 1,455,135 | ​ | 4.00 | % |  | 1,818,919 |  | 5.00 | %
South State Bank (the Bank) | ​ |  | 3,157,098 |  | 8.71 | % |  | 1,450,600 | ​ | 4.00 | % |  | 1,813,250 |  | 5.00 | %

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- Definition Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 + Details
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