v3.24.3
Regulatory Ratios and Capital (Tables)
 9 Months Ended
Sep. 30, 2024
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]  
Schedule of compliance with Regulatory Capital Requirements
The table below summarizes the Company’s and the Bank’s actual and required capital ratios under the Basel III Capital Rules and other standards. As shown in the table below, the Company’s and Bank’s capital ratios exceeded the regulatory definition of well capitalized as of September 30, 2024 and December 31, 2023.
September 30, 2024December 31, 2023
(dollars in thousands)Minimum Capital Required(2)Capital Required to be Well CapitalizedCapital AmountRatioCapital AmountRatio
The Company
CET1 capital (to risk-weighted assets)7.00 %N/A$3,183,035 11.19 %$3,264,609 12.65 %
Tier 1 capital (to risk-weighted assets)8.50 %6.00 %3,593,035 12.63 %3,674,609 14.24 %
Total capital (to risk-weighted assets)10.50 %10.00 %4,315,608 15.17 %4,405,575 17.07 %
Tier 1 capital (to average assets)(1)4.00 %N/A3,593,035 11.44 %3,674,609 12.21 %
The Bank
CET1 capital (to risk-weighted assets)7.00 %6.50 %$3,570,548 12.65 %$3,599,919 14.01 %
Tier 1 capital (to risk-weighted assets)8.50 %8.00 %3,570,548 12.65 %3,599,919 14.01 %
Total capital (to risk-weighted assets)10.50 %10.00 %3,921,007 13.89 %3,959,100 15.41 %
Tier 1 capital (to average assets)(1)4.00 %5.00 %3,570,548 11.44 %3,599,919 12.00 %
(1)    The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve Board and the FDIC may require the Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum.
(2)    Percentages represent the minimum capital ratios plus, as applicable, the fully phased-in 2.5% CET1 capital buffer under the Basel III Capital Rules.