Southern States Bank

Established in 2007

About Southern States Bank

Southern States Bank was established on 2007. The bank's headquarters are located at 615 Quintard Avenue in Anniston, Alabama.

Southern States Bank is an FDIC insured bank with FDIC number 58558 managing assets to the value of $1,332,475 as of 12/31/2020.

Southern States Bank has a Texas ratio of 8.35%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

8.35%
Texas Ratio
FDIC Certificate #

58558

Active Insured Since #

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $1,332,475
Equity Capital $152,671
Total Deposits $1,139,822
Total Liabilities $1,179,804
Total Securities $119,018
Net Loans And Leases $1,023,952
Loan Loss Allowance $11,859
Total Loans And Leases $1,039,972
YTD (as of 12/31/2020)
Return On Assets 1.05%
Return On Equity 8.94%
Total Interest Income $50,275
Total Interest Expense $8,033
Total Non Interest Income $6,955
Total Non Interest Expense $30,843

Headquarters

615 Quintard Avenue 36202, Anniston

Southern States Bank branches near me

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Total Loans and Leases Statistics

Total Loans and Leases $1,039,972 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Southern States Bank Mortgage Loans Profile

Classic Bank

71.20%

Application Approval Rate

Classic Bank

$236,910

Average Mortgage Loan Amount

Classic Bank

125

Number of Loan Applications

Classic Bank

$213,206

Average Income of Applicants with Approved Loans

Classic Bank

0.00%

Average Cost of Loans

Classic Bank

0.00%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Muscogee

Number of Loan Applications
35
Average Loan Amount
$160,172
Approval Rate
82.86%
Average Income of Approved Loans’ Applicants
$217,053

2 Lee

Number of Loan Applications
20
Average Loan Amount
$338,125
Approval Rate
80.00%
Average Income of Approved Loans’ Applicants
$393,333

3 Randolph

Number of Loan Applications
10
Average Loan Amount
$135,000
Approval Rate
60.00%
Average Income of Approved Loans’ Applicants
$44,500

4 Talladega

Number of Loan Applications
9
Average Loan Amount
$56,667
Approval Rate
66.67%
Average Income of Approved Loans’ Applicants
$53,000

5 Calhoun

Number of Loan Applications
8
Average Loan Amount
$195,000
Approval Rate
50.00%
Average Income of Approved Loans’ Applicants
$26,000

6 Carroll

Number of Loan Applications
6
Average Loan Amount
$425,000
Approval Rate
16.67%
Average Income of Approved Loans’ Applicants
$0

Top States by Number of Mortgage Loan Applications

1 Alabama

Number of Loan Applications
65
Average Loan Amount
$183,889
Approval Rate
69.23%
Average Income of Approved Loans’ Applicants
$215,912

2 Georgia

Number of Loan Applications
54
Average Loan Amount
$161,750
Approval Rate
74.07%
Average Income of Approved Loans’ Applicants
$200,185

3 Florida

Number of Loan Applications
4
Average Loan Amount
$1,208,333
Approval Rate
75.00%
Average Income of Approved Loans’ Applicants
$102,000

4 North Carolina

Number of Loan Applications
1
Average Loan Amount
$2,715,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$584,000

5 South Carolina

Number of Loan Applications
1
Average Loan Amount
$0
Approval Rate
0.00%
Average Income of Approved Loans’ Applicants
$0