XML 98 R85.htm IDEA: XBRL DOCUMENT v3.21.1
Capital Ratios (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Jan. 01, 2020
Dec. 31, 2019
Jan. 01, 2019
Capital ratios            
Capital conversion buffer common equity Tier 1 of risk-weighted assets (as a percent)           2.50%
Additional allowance for credit losses for loans $ 406,460 $ 457,309 $ 144,785   $ 56,927  
Deferred tax assets 105,087 110,946        
Additional reserve for unfunded commitments 35,800          
Retained earnings 770,952 657,451        
Common equity Tier 1 to risk-weighted assets            
Actual, Capital Amount $ 3,096,859 $ 3,010,174        
Actual, Ratio (as a percent) 12.13% 11.77%        
Minimum capital required, Capital Amount $ 1,781,504 $ 1,789,984        
Minimum capital required, Ratio (as a percent) 7.00% 7.00%        
Required to be considered well capitalized, Capital Amount $ 1,654,253 $ 1,662,128        
Required to be considered well capitalized, Ratio (as a percent) 6.50% 6.50%        
Tier I capital to risk-weighted assets            
Actual, Capital Amount $ 3,096,859 $ 3,010,174        
Actual, Ratio (as a percent) 12.13 11.77        
Minimum capital required, Capital Amount $ 2,163,254 $ 2,173,552        
Minimum capital required, Ratio (as a percent) 8.50 8.50        
Required to be considered well capitalized, Capital Amount $ 2,036,004 $ 2,045,696        
Required to be considered well capitalized, Ratio (as a percent) 8.00 8.00        
Total capital to risk-weighted assets            
Actual, Capital Amount $ 3,699,651 $ 3,642,039        
Actual, Ratio (as a percent) 14.49 14.24        
Minimum capital required, Capital Amount $ 2,672,255 $ 2,684,976        
Minimum capital required, Ratio (as a percent) 10.50 10.50        
Required to be considered well capitalized, Capital Amount $ 2,545,005 $ 2,557,120        
Required to be considered well capitalized, Ratio (as a percent) 10.00 10.00        
Tier I capital to average assets (leverage ratio)            
Actual, Capital Amount $ 3,096,859 $ 3,010,174        
Actual, Ratio (as a percent) 8.47 8.27        
Minimum capital required, Capital Amount $ 1,463,005 $ 1,455,135        
Minimum capital required, Ratio (as a percent) 4.00 4.00        
Required to be considered well capitalized, Capital Amount $ 1,828,756 $ 1,818,919        
Required to be considered well capitalized, Ratio (as a percent) 5.00 5.00        
ASU 2016-13            
Capital ratios            
Additional allowance for credit losses for loans [1]       $ 54,438    
Deferred tax assets [2]       12,639    
Additional reserve for unfunded commitments       6,400    
Retained earnings [3]       (44,820)    
ASU 2016-13 | Cumulative Effect of Adoption of ASU            
Capital ratios            
Additional allowance for credit losses for loans         $ 51,030  
Retained earnings       $ (44,800)    
South State Bank (the Bank)            
Common equity Tier 1 to risk-weighted assets            
Actual, Capital Amount $ 3,275,890 $ 3,157,098        
Actual, Ratio (as a percent) 12.87% 12.39%        
Minimum capital required, Capital Amount $ 1,776,040 $ 1,784,120        
Minimum capital required, Ratio (as a percent) 7.00% 7.00%        
Required to be considered well capitalized, Capital Amount $ 1,649,180 $ 1,656,683        
Required to be considered well capitalized, Ratio (as a percent) 6.50% 6.50%        
Tier I capital to risk-weighted assets            
Actual, Capital Amount $ 3,275,890 $ 3,157,098        
Actual, Ratio (as a percent) 12.87 12.39        
Minimum capital required, Capital Amount $ 2,156,620 $ 2,166,432        
Minimum capital required, Ratio (as a percent) 8.50 8.50        
Required to be considered well capitalized, Capital Amount $ 2,029,760 $ 2,038,994        
Required to be considered well capitalized, Ratio (as a percent) 8.00 8.00        
Total capital to risk-weighted assets            
Actual, Capital Amount $ 3,487,182 $ 3,397,463        
Actual, Ratio (as a percent) 13.70 13.33        
Minimum capital required, Capital Amount $ 2,664,060 $ 2,676,180        
Minimum capital required, Ratio (as a percent) 10.50 10.50        
Required to be considered well capitalized, Capital Amount $ 2,537,200 $ 2,548,743        
Required to be considered well capitalized, Ratio (as a percent) 10.00 10.00        
Tier I capital to average assets (leverage ratio)            
Actual, Capital Amount $ 3,275,890 $ 3,157,098        
Actual, Ratio (as a percent) 8.99 8.71        
Minimum capital required, Capital Amount $ 1,458,191 $ 1,450,600        
Minimum capital required, Ratio (as a percent) 4.00 4.00        
Required to be considered well capitalized, Capital Amount $ 1,822,739 $ 1,813,250        
Required to be considered well capitalized, Ratio (as a percent) 5.00 5.00        
Minimum            
Common equity Tier 1 to risk-weighted assets            
Actual, Ratio (as a percent) 4.50%          
Tier I capital to risk-weighted assets            
Actual, Ratio (as a percent) 6          
Total capital to risk-weighted assets            
Actual, Ratio (as a percent) 4          
Tier I capital to average assets (leverage ratio)            
Actual, Ratio (as a percent) 8          
[1] This is the calculated adjustment to the ACL related to the adoption of ASC 326. Additional reserve related to non-acquired loans was $34,049, to acquired loans was $16,981 and to purchased credit deteriorated loans was $3,408.
[2] This is the effect of deferred tax assets related to the adjustment to the ACL from the adoption of ASC 326 using a 22% tax rate.
[3] This is the net adjustment to retained earnings related to the adoption of ASC 326.