Southern States Bancshares Balance Sheet Health
Financial Health criteria checks 6/6
Southern States Bancshares has total assets of $2.5B and total equity of $222.9M. Total deposits are $2.1B, and total loans are $1.9B. It earns a Net Interest Margin of 3.8%. It has sufficient allowance for bad loans, which are currently at 0.2% of total loans. Cash and short-term investments are $237.1M.
Key information
11.3x
Asset to equity ratio
3.8%
Net interest margin
Total deposits | US$2.11b |
Loan to deposit ratio | Appropriate |
Bad loans | 0.2% |
Allowance for bad loans | Sufficient |
Current ratio | Low |
Cash & equivalents | US$237.12m |
Recent financial health updates
No updates
Recent updates
Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Apr 22Southern States Bancshares' (NASDAQ:SSBK) Dividend Will Be $0.09
Jan 21Southern States Bancshares (NASDAQ:SSBK) Has Announced A Dividend Of $0.09
Oct 22Here's Why We Think Southern States Bancshares (NASDAQ:SSBK) Might Deserve Your Attention Today
Jul 25Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Jul 25Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Apr 23Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09
Jan 24Southern States Bancshares (NASDAQ:SSBK) Is Due To Pay A Dividend Of $0.09
Oct 26Southern States Bancshares declares $0.09 dividend
Oct 19Earnings Beat: Southern States Bancshares, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Jul 29Southern States Bancshares declares $0.09 dividend
Jul 20Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SSBK's Assets to Equity ratio (11.3x) is moderate.
Allowance for Bad Loans: SSBK has a sufficient allowance for bad loans (730%).
Low Risk Liabilities: 92% of SSBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: SSBK has an appropriate level of Loans to Assets ratio (77%).
Low Risk Deposits: SSBK's Loans to Deposits ratio (92%) is appropriate.
Level of Bad Loans: SSBK has an appropriate level of bad loans (0.2%).