Overview / Commentary
Southern States Bank is headquartered in Anniston and is the 9th largest bank in the state of Alabama. It is also the 705th largest bank in the nation. It was established in 2007 and as of March of 2021, it had grown to 191 employees at 15 locations. Southern States Bank has an A health rating.
Health
A
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58558 |
| Year Established | 2007 |
| Employees | 191 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.68% |
| Return on Equity - YTD | 15.2% |
| Annual Interest Income | $13.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $1.46B$1.17B |
| Loans | Q1 2021vs Q1 2020 | $1.07B$889.5MM |
| Deposits | Q1 2021vs Q1 2020 | $1.26B$1.00B |
| Equity Capital | Q1 2021vs Q1 2020 | $156.6MM$139.1MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $12.6MM$10.2MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $3.7MM$13.8MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $10.2MM$3.9MM |
