Southern States Bancshares Management
Management criteria checks 4/4
Southern States Bancshares' CEO is Mark Chambers, appointed in Jan 2019, has a tenure of 5.25 years. total yearly compensation is $944.43K, comprised of 49.8% salary and 50.2% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth $765.06K. The average tenure of the management team and the board of directors is 5.3 years and 4.5 years respectively.
Key information
Mark Chambers
Chief executive officer
US$944.4k
Total compensation
| CEO salary percentage | 49.8% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.3yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Apr 22
Southern 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 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 below average for companies of similar size in the US market ($USD1.60M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Chambers (58 yo)
5.3yrs
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 | 5.3yrs | US$944.43k | 0.36% $ 765.1k | |
| Senior EVP & CFO | 11.3yrs | US$690.94k | 0.30% $ 635.3k | |
| Senior EVP & Chief Risk Officer | 5.3yrs | US$685.21k | 0.52% $ 1.1m | |
| Senior EVP & COO | 5.3yrs | no data | no data | |
| President of Coweta & Fayette Counties | 1.3yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data |
5.3yrs
Average Tenure
59yo
Average Age
Experienced Management: SSBK's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.1yrs | US$944.43k | 0.36% $ 765.1k | |
| Independent Director | 1.2yrs | US$20.80k | 0.020% $ 42.6k | |
| Independent Director | 17.3yrs | US$57.40k | 0.33% $ 715.0k | |
| Director | 17.3yrs | US$58.80k | 2.13% $ 4.6m | |
| Director | 17.3yrs | US$64.50k | 1.17% $ 2.5m | |
| Independent Chairman of the Board | 15.3yrs | US$76.25k | 0.59% $ 1.3m | |
| Independent Director | 9.3yrs | US$67.65k | 0.066% $ 142.8k | |
| Independent Director | 4.5yrs | US$53.00k | 0.030% $ 64.4k | |
| Independent Director | 3.8yrs | US$51.50k | 0.077% $ 164.9k | |
| Independent Director | 1.2yrs | US$28.80k | 0.014% $ 30.5k | |
| Independent Director | 1.2yrs | US$32.80k | 0.066% $ 141.6k |
4.5yrs
Average Tenure
58yo
Average Age
Experienced Board: SSBK's board of directors are considered experienced (4.5 years average tenure).