Overview / Commentary
Southern States Bank is headquartered in ANNISTON and is the 7th largest bank in the state of Alabama. It is also the 532nd largest bank in the nation. It was established in 2007 and as of March of 2023, it had grown to 188 employees at 13 locations. Southern States Bank has an A+ health rating.
Reviews (1)
Sorry Service
Posted by: Georgiabull | Feb 19, 2023
This is the most sorrowful bank I’ve ever seen. They lie… they took my overdraft away and my mobile deposit for no reason and then lied to my face and said I never had it. After I’ve done used it twice. I will be drawing all my money out and closing my account first thing
Health
A+
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58558 |
| Year Established | 2007 |
| Employees | 188 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.65% |
| Return on Equity - YTD | 13.68% |
| Annual Interest Income | $28.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $2.14B$1.80B |
| Loans | Q1 2023vs Q1 2022 | $1.63B$1.30B |
| Deposits | Q1 2023vs Q1 2022 | $1.81B$1.55B |
| Equity Capital | Q1 2023vs Q1 2022 | $257.0MM$206.9MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $19.9MM$15.5MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $934.00K$3.1MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $2.9MM$2.9MM |
