Southern States Bancshares Management
Management criteria checks 4/4
Southern States Bancshares' CEO is Mark Chambers, appointed in Jan 2019, has a tenure of 2.83 years. total yearly compensation is $944.43K, comprised of 49.8% salary and 50.2% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth €970.08K. The average tenure of the management team and the board of directors is 6 years and 4.9 years respectively.
Key information
Mark Chambers
Chief executive officer
US$944.4k
Total compensation
| CEO salary percentage | 49.8% |
| CEO tenure | 6yrs |
| CEO ownership | 0.3% |
| Management average tenure | 6yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$33m |
| Jun 30 2024 | n/a | n/a | US$32m |
| Mar 31 2024 | n/a | n/a | US$32m |
| Dec 31 2023 | US$944k | US$470k | US$32m |
| Sep 30 2023 | n/a | n/a | US$34m |
| Jun 30 2023 | n/a | n/a | US$34m |
| Mar 31 2023 | n/a | n/a | US$30m |
| Dec 31 2022 | US$1m | US$415k | US$27m |
| Sep 30 2022 | n/a | n/a | US$21m |
| Jun 30 2022 | n/a | n/a | US$19m |
| Mar 31 2022 | n/a | n/a | US$17m |
| Dec 31 2021 | US$615k | US$345k | US$19m |
| Sep 30 2021 | n/a | n/a | US$18m |
| Jun 30 2021 | n/a | n/a | US$16m |
| Mar 31 2021 | n/a | n/a | US$15m |
| Dec 31 2020 | US$549k | US$327k | US$12m |
Compensation vs Market: Mark's total compensation ($USD944.43K) is about average for companies of similar size in the German market ($USD976.69K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Chambers (59 yo)
6yrs
Tenure
US$944,425
Compensation
Mr. Mark A. Chambers serves as President of Southern States Bank since 2019 and has been its Chief Executive Officer since 2022 and serves as Director since March 2022 and served as Senior Executive Vice P...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 6yrs | US$944.43k | 0.32% € 970.1k | |
| Senior EVP & CFO | 12yrs | US$690.94k | 0.23% € 713.3k | |
| Senior EVP & Chief Risk Officer | 6yrs | US$685.21k | 0.46% € 1.4m | |
| President of Coweta & Fayette Counties | 2yrs | no data | no data | |
| President of Calhoun County | no data | no data | no data | |
| President of Jefferson and Shelby Counties | less than a year | no data | no data | |
| Corporate Secretary | no data | no data | no data |
6.0yrs
Average Tenure
60yo
Average Age
Experienced Management: 6U2's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.8yrs | US$944.43k | 0.32% € 970.1k | |
| Director | less than a year | no data | 0.25% € 774.3k | |
| Independent Director | 1.9yrs | US$20.80k | 0.018% € 54.0k | |
| Independent Director | 18yrs | US$57.40k | 0.22% € 668.5k | |
| Director | 18yrs | US$58.80k | 1.91% € 5.8m | |
| Director | 18yrs | US$64.50k | 1.02% € 3.1m | |
| Independent Chairman of the Board | 16yrs | US$76.25k | 0.53% € 1.6m | |
| Independent Director | 10yrs | US$67.65k | 0.060% € 181.1k | |
| Independent Director | 5.3yrs | US$53.00k | 0.027% € 81.7k | |
| Independent Director | 4.6yrs | US$51.50k | 0.069% € 209.1k | |
| Independent Director | 1.9yrs | US$28.80k | 0.013% € 38.6k | |
| Independent Director | 1.9yrs | US$32.80k | 0.059% € 179.6k |
4.9yrs
Average Tenure
59.5yo
Average Age
Experienced Board: 6U2's board of directors are considered experienced (4.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/09 07:15 |
| End of Day Share Price | 2025/01/09 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Southern States Bancshares, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | Hovde Group, LLC |
| Catherine Summerson Mealor | Keefe, Bruyette, & Woods |
| Jennifer Demba | Truist Securities |