Southern States Bancshares Balance Sheet Health
Financial Health criteria checks 6/6
Southern States Bancshares has total assets of $2.6B and total equity of $230.6M. Total deposits are $2.2B, and total loans are $2.0B. 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 $245.9M.
Key information
11.2x
Asset to equity ratio
3.8%
Net interest margin
| Total deposits | US$2.18b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.2% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$245.94m |
Recent financial health updates
No updates
Recent updates
Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09
Jul 22
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 (11.2x) is moderate.
Allowance for Bad Loans: SSBK has a sufficient allowance for bad loans (683%).
Low Risk Liabilities: 93% 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 (91%) is appropriate.
Level of Bad Loans: SSBK has an appropriate level of bad loans (0.2%).