USAA Federal Savings Bank: Regulatory Capital and Risk-Weighted Assets
As of 2Q26, from Call Report Schedule RC-R.
Capital conservation buffer: 10.65% (2Q26), against the 2.50% a bank must hold above each risk-based minimum to pay dividends and discretionary bonuses without limits. The buffer is the smallest of the three cushions over the minimums; here the binding ratio is Total capital. The bank clears the requirement. Filed figure: 10.65% (RCFAH311).
What each ratio is made of, 2Q26
Open a ratio to see its numerator and denominator as filed, our recomputation, and how far it sits above each regulatory line.
Common equity Tier 1 ratio 16.89% +10.39 pp over well capitalized
Common equity Tier 1 is the loss-absorbing core: common stock, retained earnings and most of accumulated other comprehensive income, less goodwill, intangibles and other deductions. It is measured against risk-weighted assets.
| Common equity Tier 1 capital | $9.60B | 9,596,000 | RCFAP859 |
|---|---|---|---|
| Divided by total risk-weighted assets | $56.82B | 56,818,000 | RCFAA223 |
| Recomputed ratio | 16.89% | numerator / denominator | |
| Filed ratio | 16.89% | RCFAP793 | |
| Regulatory minimum | 4.50% | ||
| Minimum plus conservation buffer | 7.00% | ||
| Well-capitalized level | 6.50% | ||
| Cushion over that level | +10.39 pp | $5.90B | capital that could be lost first |
Tier 1 risk-based capital ratio 17.37% +9.37 pp over well capitalized
Tier 1 adds additional Tier 1 instruments, such as qualifying noncumulative perpetual preferred stock, to common equity Tier 1. Measured against risk-weighted assets.
| Tier 1 capital | $9.87B | 9,871,000 | RCFA8274 |
|---|---|---|---|
| Divided by total risk-weighted assets | $56.82B | 56,818,000 | RCFAA223 |
| Recomputed ratio | 17.37% | numerator / denominator | |
| Filed ratio | 17.37% | RCFA7206 | |
| Regulatory minimum | 6.00% | ||
| Minimum plus conservation buffer | 8.50% | ||
| Well-capitalized level | 8.00% | ||
| Cushion over that level | +9.37 pp | $5.33B | capital that could be lost first |
Total risk-based capital ratio 18.65% +8.65 pp over well capitalized
Total capital adds Tier 2, mostly qualifying subordinated debt and the allowance for credit losses up to 1.25% of risk-weighted assets, to Tier 1. Measured against risk-weighted assets.
| Total capital | $10.60B | 10,596,000 | RCFA3792 |
|---|---|---|---|
| Divided by total risk-weighted assets | $56.82B | 56,818,000 | RCFAA223 |
| Recomputed ratio | 18.65% | numerator / denominator | |
| Filed ratio | 18.65% | RCFA7205 | |
| Regulatory minimum | 8.00% | ||
| Minimum plus conservation buffer | 10.50% | ||
| Well-capitalized level | 10.00% | ||
| Cushion over that level | +8.65 pp | $4.91B | capital that could be lost first |
Tier 1 leverage ratio 9.29% +4.29 pp over well capitalized
Tier 1 capital over average total assets for the quarter, with no risk weighting. It caps how far a bank can grow on low-risk-weight assets.
| Tier 1 capital | $9.87B | 9,871,000 | RCFA8274 |
|---|---|---|---|
| Divided by average total assets for the leverage ratio | $106.20B | 106,203,000 | RCFAA224 |
| Recomputed ratio | 9.29% | numerator / denominator | |
| Filed ratio | 9.29% | RCFA7204 | |
| Regulatory minimum | 4.00% | ||
| Well-capitalized level | 5.00% | ||
| Cushion over that level | +4.29 pp | $4.56B | capital that could be lost first |
Amounts in the middle column are thousands of dollars as filed. Ratios are the standardized column of Schedule RC-R Part I.
The capital stack, $ thousands
From common equity to total capital, then the denominators the ratios divide by. Negatives in parentheses.
| Line | 2Q26 | 1Q26 | 4Q25 | 3Q25 | 2Q25 | 1Q25 | Source |
|---|---|---|---|---|---|---|---|
| Common stock plus related surplus, net of treasury stock | 3,167,000 | 3,166,000 | 3,166,000 | 3,166,000 | 3,205,000 | 3,254,000 | RCFAP742 |
| Retained earnings | 6,437,000 | 6,178,000 | 6,079,000 | 6,012,000 | 5,904,000 | 5,688,000 | RCFAKW00 |
| Accumulated other comprehensive income | (4,059,000) | (4,048,000) | (4,135,000) | (4,340,000) | (4,561,000) | (4,769,000) | RCFAB530 |
| Common equity Tier 1 minority interest | 0 | 0 | 0 | 0 | 0 | 0 | RCFAP839 |
| Common equity Tier 1 capital before adjustments and deductions | 5,545,000 | 5,296,000 | 5,110,000 | 4,838,000 | 4,548,000 | 4,173,000 | RCFAP840 |
| Adjustments and deductions from common equity Tier 1 | 4,051,000 | 4,039,000 | 4,125,000 | 4,328,000 | 4,549,000 | 4,742,000 | P859 - P840 |
| Common equity Tier 1 capital | 9,596,000 | 9,335,000 | 9,235,000 | 9,166,000 | 9,097,000 | 8,915,000 | RCFAP859 |
| Additional Tier 1 capital | 275,000 | 275,000 | 275,000 | 275,000 | 275,000 | 275,000 | RCFAP865 |
| Tier 1 capital | 9,871,000 | 9,610,000 | 9,510,000 | 9,441,000 | 9,372,000 | 9,190,000 | RCFA8274 |
| Tier 2 capital | 725,000 | 714,000 | 714,000 | 713,000 | 715,000 | 713,000 | RCFA5311 |
| Allowance includable in Tier 2 capital | 725,000 | 714,000 | 714,000 | 713,000 | 715,000 | 713,000 | RCFA5310 |
| Total capital | 10,596,000 | 10,324,000 | 10,224,000 | 10,154,000 | 10,087,000 | 9,903,000 | RCFA3792 |
| Total risk-weighted assets | 56,818,000 | 55,923,000 | 56,118,000 | 56,063,000 | 56,258,000 | 56,166,000 | RCFAA223 |
| Average total assets for the leverage ratio | 106,203,000 | 105,840,000 | 105,117,000 | 105,673,000 | 107,971,000 | 108,934,000 | RCFAA224 |
Risk-weighted assets by exposure category, 2Q26
Each category's exposure is filed across the risk-weight columns of Schedule RC-R Part II; its risk-weighted assets are each allocation times its weight. The average risk weight says how much capital a dollar of that exposure consumes.
| Category | Exposure | Risk-weighted | Avg weight | Share of RWA | Source |
|---|---|---|---|---|---|
| Cash and balances due | $10.16B | $1.51B | 14.88% | 2.61% | RC-R Part II, item 1 |
| Securities (HTM and AFS) | $53.74B | $8.81B | 16.40% | 15.19% | RC-R Part II, item 2.a, 2.b |
| Loans: residential mortgage | $3.21B | $1.91B | 59.42% | 3.29% | RC-R Part II, item 4.a, 5.a |
| Loans: past due and nonaccrual | $375.0M | $562.5M | 150.00% | 0.97% | RC-R Part II, item 4.c, 5.c |
| Loans: all other | $42.63B | $42.59B | 99.91% | 73.45% | RC-R Part II, item 4.d, 5.d |
| All other assets | $1.75B | $2.60B | 148.66% | 4.48% | RC-R Part II, item 8 |
| Derivatives (over the counter and centrally cleared) | $183.0M | $3.8M | 2.10% | 0.01% | RC-R Part II, item 20, 21 |
| Market risk and other approaches | NA | $2.3M | NA | 0.00% | RC-R Part II, item 27 |
How the categories add up to total risk-weighted assets
| Categories above, excluding market risk and other approaches | $57.99B | does not tie to item 31 ($57.99B) |
|---|---|---|
| Risk-weighted assets before deductions | $57.99B | RCFDB704 |
| Less: excess allowance for credit losses | $1.17B | A222 |
| Less: allocated transfer risk reserve | $0 | 3128 |
| Total risk-weighted assets | $56.82B | RCFDG641, ties |
12 quarters against the asset-tier median
| Quarter | Framework | CET1 | Tier 1 | Total capital | Leverage | Tier median CET1 | Tier median Tier 1 | Tier median Total capital | Tier median Leverage |
|---|---|---|---|---|---|---|---|---|---|
| 2Q26 | Risk-based | 16.89% | 17.37% | 18.65% | 9.29% | 12.29% | 12.29% | 13.89% | 9.51% |
| 1Q26 | Risk-based | 16.69% | 17.18% | 18.46% | 9.08% | 12.54% | 12.54% | 14.17% | 9.60% |
| 4Q25 | Risk-based | 16.46% | 16.95% | 18.22% | 9.05% | 12.55% | 12.55% | 14.29% | 9.77% |
| 3Q25 | Risk-based | 16.35% | 16.84% | 18.11% | 8.93% | 12.89% | 12.89% | 14.56% | 9.72% |
| 2Q25 | Risk-based | 16.17% | 16.66% | 17.93% | 8.68% | 12.88% | 12.88% | 14.61% | 9.80% |
| 1Q25 | Risk-based | 15.87% | 16.36% | 17.63% | 8.44% | 12.91% | 12.91% | 14.38% | 9.67% |
| 4Q24 | Risk-based | 15.82% | 16.30% | 17.57% | 8.48% | 12.94% | 12.94% | 14.47% | 9.48% |
| 3Q24 | Risk-based | 15.99% | 16.47% | 17.74% | 8.63% | 12.54% | 12.54% | 14.32% | 9.52% |
| 2Q24 | Risk-based | 15.96% | 16.44% | 17.70% | 8.46% | 12.81% | 12.81% | 14.59% | 9.45% |
| 1Q24 | Risk-based | 15.89% | 16.37% | 17.63% | 8.59% | 12.26% | 12.26% | 13.99% | 9.15% |
| 4Q23 | Risk-based | 16.17% | 16.65% | 17.90% | 8.61% | 12.18% | 12.18% | 13.85% | 9.22% |
| 3Q23 | Risk-based | 16.95% | 17.44% | 18.69% | 8.83% | 11.81% | 11.81% | 13.54% | 9.05% |
NA means not filed for that quarter: a community bank leverage ratio filer files no risk-based ratios. Tier medians are the served benchmark for banks in the same asset tier.
Against similar banks, 2Q26
| Bank | Assets | Framework | CET1 | Tier 1 | Total capital | Leverage |
|---|---|---|---|---|---|---|
| USAA Federal Savings Bank (this bank) | Risk-based | 16.89% | 17.37% | 18.65% | 9.29% | |
| Santander Bank, N.A. | $103.96B | Risk-based | 20.26% | 20.26% | 21.53% | 12.48% |
| Synchrony Bank | $115.22B | Risk-based | 14.35% | 14.35% | 16.46% | 12.56% |
| UBS Bank USA, N.A. | $124.44B | Risk-based | 26.74% | 26.74% | 27.05% | 8.08% |
| Pinnacle Bank | $128.79B | Risk-based | 10.73% | 10.73% | 11.83% | 8.97% |
| Regions Bank | $159.79B | Risk-based | 11.58% | 11.58% | 13.22% | 9.50% |
| HSBC Bank USA, N.A. | $173.10B | Risk-based | 15.90% | 17.39% | 19.29% | 10.22% |
| The Northern Trust Company | $178.57B | Risk-based | 11.83% | 11.83% | 13.90% | 6.84% |
| Ally Bank | $188.18B | Risk-based | 12.30% | 12.30% | 13.57% | 9.60% |
| KeyBank N.A. | $188.56B | Risk-based | 12.27% | 12.27% | 14.05% | 9.92% |
| Peer 25th percentile | 11.83% | 11.83% | 13.57% | 8.97% | ||
| Peer median | 12.30% | 12.30% | 14.05% | 9.60% | ||
| Peer 75th percentile | 15.90% | 17.39% | 19.29% | 10.22% | ||
| This bank's percentile | 78 | 67 | 67 | 33 |
Peer ratios use the same basis as this bank: the standardized column of Schedule RC-R where served, the filed summary otherwise. Similar banks are the nearest banks by size in the same asset tier.
Source: FFIEC Call Report Schedule RC-R, Parts I and II, as filed. Well capitalized means at least 6.5% CET1, 8% Tier 1, 10% total capital and 5% leverage under the prompt corrective action rules; a community bank leverage ratio filer must instead hold the leverage ratio its framework requires. The same figures are in the API at /api/v1/banks/619877/regulatory-capital/ and in the Excel workbook. Next: the capital tab, the peer group page, or the full profile.