Southern States Bank in Anniston, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Southern States Bank - Overview

  • General
  • FDIC Certificate #: 58558
    Status: Active
    Federal Reserve ID: 3629420
    Bank Holding Company (Regulatory Top Holder): Southern States Bancshares, Inc. (RSSDID: 3818381, Location: Anniston, AL)
    Date Established: August 27, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 456290
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 27, 2007
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 Quintard Avenue, Anniston, AL 36202
    County: Calhoun
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Anniston, AL (#450)
    Core Based Statistical Area (CBSA): Anniston-Oxford, AL (#11500)
    CBSA Metro Statistical Area: Anniston-Oxford, AL (#11500)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $212.7 mil
    Equity capital: $36.5 mil
    Deposits held in domestic offices: $175.6 mil
    Return on assets (ROA): 0.45% ($1.0 mil)
    Quarterly return on assets: 0.85% ($1.8 mil)
    Return on Equity (ROE): 2.82% ($1.0 mil)
    Quarterly return on equity: 4.93% ($1.8 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.71% ($1,510.0 mil)
    Quarterly Pretax return on assets: 1.33% ($2,828.6 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $212,679Total assets
  • $10,298Cash and due from depository institutions
  • $6,301Interest-bearing balances
  • $15,242Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $171,060Net loans & leases
  • $2,558Loan loss allowance
  • $0Trading account assets
  • $9,114Bank premises and fixed assets
  • $918Other real estate owned
  • $0Goodwill and other intangibles
  • $212,679Life insurance assets
  • $6,047All other assets
  • $176,149Total liabilities and capital
  • $175,568Total liabilities
  • $153,661Total deposits
  • $175,568Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 92.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $489Subordinated debt
  • $36,530All other liabilities
  • $36,530Total equity capital
  • $36,530Total bank equity capital
  • $0Perpetual preferred stock
  • $15,939Common stock
  • $23,385Surplus
  • $-2,794Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $684Long-term assets (5+ years)
  • $192,603Average Assets, year-to-date
  • $28,381Average Assets, quarterly
  • $199,880Volatile liabilities
  • $210,148Insider loans
  • $186,386FHLB advances
  • $210,231Loans and leases held for sale
  • $2,019Unused loan commitments
  • $606Tier 1 (core) risk-based capital
  • $36,425Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,413Total unused commitments
  • $21,868Restructured Loans and leases
  • $4,486Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,277Total interest income
  • $2,446Total interest expense
  • $7,831Net interest income
  • $667Provision for loan and lease losses
  • $510Total noninterest income
  • $0Fiduciary activities
  • $154Service charges on deposit accounts
  • $0Trading account gains & fees
  • $356Additional noninterest income
  • $6,326Total noninterest expense
  • $3,344Salaries and employee benefits
  • $1,095Premises and equipment expense
  • $1,887Additional noninterest expense
  • $1,348Pre-tax net operating income
  • $69Securities gains (losses)
  • $518Applicable income taxes
  • $899Income before extraordinary items
  • $0Extraordinary gains - net
  • $899Net income attributable to bank
  • $0Net charge-offs
  • $899Cash dividends
  • $346Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.65%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 2.82%Return on equity (ROE)
  • 2.82%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 192.77%Credit loss provision to net charge-offs
  • 5.82%Efficiency ratio
  • 75,842Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 97.43%Net loans and leases to core deposits
  • 101.85%Equity capital to assets
  • 17.18%Core capital (leverage) ratio
  • 17.33%Tier 1 risk-based capital ratio
  • 19.54%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $199,880Average earning assets
  • $31,840Average equity
  • $181,991Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0456290Southern States Bank615 Quintard Avenue, Anniston, AL 36202August 27, 2007Full Service Brick and Mortar
    2478481Birmingham Branch200 Office Park Drive, Suite 200, Birmingham, AL 35223Febuary 04, 2008Full Service Retail
    3489408Opelika Branch2601 Frederick Road, Opelika, AL 36801Febuary 09, 2009Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Southern States Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents