Southern States Bancshares Balance Sheet Health
Financial Health criteria checks 6/6
Southern States Bancshares has total assets of $2.8B and total equity of $271.4M. Total deposits are $2.4B, and total loans are $2.2B. It earns a Net Interest Margin of 3.8%. It has sufficient allowance for bad loans, which are currently at 0.4% of total loans. Cash and short-term investments are $284.0M.
Key information
10.5x
Asset to equity ratio
3.8%
Net interest margin
| Total deposits | US$2.42b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.4% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$283.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: 6U2's Assets to Equity ratio (10.5x) is moderate.
Allowance for Bad Loans: 6U2 has a sufficient allowance for bad loans (357%).
Low Risk Liabilities: 94% of 6U2's liabilities are made up of primarily low risk sources of funding.
Loan Level: 6U2 has an appropriate level of Loans to Assets ratio (76%).
Low Risk Deposits: 6U2's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: 6U2 has an appropriate level of bad loans (0.4%).