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Southern States Bank


Overview / Commentary
southernstatesbank.net
256-241-1092
615 Quintard Avenue
Anniston, AL 36202

Southern States Bank is headquartered in Anniston and is the 9th largest bank in the state of Alabama. It is also the 722nd largest bank in the nation. It was established in 2007 and as of September of 2020, it had grown to 177 employees at 15 locations. Southern States Bank has an A health rating.

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Health
A

Data as of Q3 2020

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Health Grade Components

Overall
FDIC Certificate #58558
Year Established2007
Employees177
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD8.8%
Annual Interest Income$37.5MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$1.30B$1.13B
LoansQ3 2020vs Q3 2019$993.3MM$822.5MM
DepositsQ3 2020vs Q3 2019$1.11B$983.5MM
Equity CapitalQ3 2020vs Q3 2019$149.3MM$137.2MM
Loan Loss AllowanceQ3 2020vs Q3 2019$12.1MM$9.5MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$10.9MM$10.7MM
Real Estate OwnedQ3 2020vs Q3 2019$6.6MM$446.00K
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Southern States Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$500-11 Month CD
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