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Regulatory Capital
 12 Months Ended
Dec. 31, 2020
Regulatory Capital Disclosure [Abstract]  
Regulatory Capital
Note 12 - Regulatory Capital
Synovus and Synovus Bank are subject to regulatory capital requirements administered by the federal and state banking agencies under Basel III. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the consolidated financial statements. Under capital adequacy standards and the regulatory framework for prompt corrective action, Synovus and Synovus Bank must meet specific capital levels that involve quantitative measures of both on- and off-balance sheet items as calculated under regulatory capital guidelines. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors.
As a financial holding company, Synovus and its subsidiary bank, Synovus Bank, are required to maintain capital levels required for a well-capitalized institution as defined by federal banking regulations. Under the capital rules, Synovus and Synovus Bank are well-capitalized if each has a CET1 ratio of 6.5% or greater, a Tier 1 risk-based capital ratio of 8% or greater, a total risk-based capital ratio of 10% or greater, a leverage ratio of 5% or greater, and are not subject to any written agreement, order, capital directive, or prompt corrective action directive from a federal and/or state banking regulatory agency to meet and maintain a specific capital level for any capital measure. 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.
Management currently believes, based on internal capital analyses and earnings projections, that Synovus' capital position is adequate to meet current and future regulatory minimum capital requirements inclusive of the capital conservation buffer.
The following table summarizes regulatory capital information at December 31, 2020 and 2019 for Synovus and Synovus Bank.
Actual Capital
Minimum Requirement For Capital Adequacy(1)
To Be Well-Capitalized Under Prompt Corrective Action Provisions(2)
(dollars in thousands)202020192020201920202019
Synovus Financial Corp.
CET1 capital$4,034,865 $3,743,459 $1,879,551 $1,882,424 N/AN/A
Tier 1 risk-based capital4,572,010 4,280,604 2,506,068 2,509,899 N/AN/A
Total risk-based capital5,604,230 5,123,381 3,341,425 3,346,531 N/AN/A
CET1 capital ratio9.66 %8.95 %4.50 %4.50 %N/AN/A
Tier 1 risk-based capital ratio 10.95 10.23 6.00 6.00 N/AN/A
Total risk-based capital ratio13.42 12.25 8.00 8.00 N/AN/A
Leverage ratio8.50 9.16 4.00 4.00 N/AN/A
Synovus Bank
CET1 capital$4,641,711 $4,640,501 $1,880,757 $1,881,199 $2,716,650 $2,717,287 
Tier 1 risk-based capital4,641,711 4,640,501 2,507,677 2,508,265 3,343,569 3,344,354 
Total risk-based capital5,361,611 4,923,279 3,343,569 3,344,354 4,179,461 4,180,442 
CET1 capital ratio11.11 %11.10 %4.50 %4.50 %6.50 %6.50 %
Tier 1 risk-based capital ratio11.11 11.10 6.00 6.00 8.00 8.00 
Total risk-based capital ratio12.83 11.78 8.00 8.00 10.00 10.00 
Leverage ratio8.73 9.94 4.00 4.00 5.00 5.00 
(1)    The additional capital conservation buffer in effect is 2.5%.
(2)    The prompt corrective action provisions are applicable at the bank level only.