Error when trying to use more than 48 KB of (static) shared memory

I am trying to statically allocate a __shared__ variable using a device architecture of sm_86. If the size of the variable is larger than 48 KB, nvcc complains about it and fails to compile with error

Entry function uses too much shared data

I am running Visual Studio 2019 with CUDA 11.2 and have set

Configuration properties -> CUDA C/C++ -> Device -> Code Generation to compute_86,sm_86

According to the table here should not devices of cc 8.6 allow for a maximum shared memory per block of 100 KB?

here is a simple code that fails on me:

#include "cuda_runtime.h"
#include "device_launch_parameters.h"

#define SIZE 12288 /* x 4 byte = 48 KB <---- Works */
/* #define SIZE 12289 */ /* <---- Fails */

__global__ void kernel(int* d) {
    __shared__ int s[SIZE];
    s[threadIdx.x] = 1;
    d[threadIdx.x] = s[threadIdx.x];

}

int main() {
    int* d_a;
    cudaMalloc(&d_a, SIZE * sizeof(int));
    kernel <<<1, 1024 >>> (d_a);
    cudaDeviceSynchronize();
    cudaFree(d_a);
}