Overview / Commentary
Southern States Bank is headquartered in ANNISTON and is the 4th largest bank in the state of Alabama. It is also the 438th largest bank in the nation. It was established in 2007 and as of December of 2024, it had grown to 206 employees at 15 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 Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58558 |
| Year Established | 2007 |
| Employees | 206 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.5% |
| Return on Equity - YTD | 12.49% |
| Annual Interest Income | $169.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $2.85B$2.45B |
| Loans | Q4 2024vs Q4 2023 | $2.2B$1.86B |
| Deposits | Q4 2024vs Q4 2023 | $2.42B$2.03B |
| Equity Capital | Q4 2024vs Q4 2023 | $358.7MM$284.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $28.3MM$24.4MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $6MM$1.1MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$33K |
