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Capital Ratios (Tables)

3 Months Ended

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	%