Southern States Bancshares, Inc. (SSBK)

SSBK Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	277.86	250.65	168.5	283.96	84.91	115.24
Investment Securities	106.19	105.34	109.36	123.96	99.9	39.46
Trading Asset Securities	6.13	7.69	8.87	1.78	0.98	-
Mortgage-Backed Securities	115.23	96.95	70.28	37.12	19.11	20.49
Total Investments	227.56	209.97	188.51	162.86	120	59.95
Gross Loans	2,206	1,891	1,593	1,254	1,034	838.99
Allowance for Loan Losses	-28.06	-24.38	-20.16	-14.84	-11.86	-9.27
Other Adjustments to Gross Loans	-6.54	-6.17	-5.54	-3.82	-3.62	-1.55
Net Loans	2,171	1,860	1,567	1,235	1,018	828.18
Property, Plant & Equipment	32.32	26.43	27.35	27.04	24.43	20.13
Goodwill	30.98	16.86	16.86	16.86	16.86	16.86
Other Intangible Assets	9.34	0.9	1.23	1.5	1.76	2.03
Loans Held for Sale	0.42	0.45	1.05	2.4	5.7	2.58
Accrued Interest Receivable	10.11	8.71	6.96	4.17	4.24	2.99
Long-Term Deferred Tax Assets	-	13.38	11.38	4.06	2.71	2.15
Other Real Estate Owned & Foreclosed	0.03	0.03	2.93	2.93	10.22	7.04
Other Long-Term Assets	78.68	54.39	51.22	39.68	41.12	37.26
Total Assets	2,841	2,447	2,045	1,783	1,333	1,095
Interest Bearing Deposits	1,737	1,482	1,194	985.6	812.2	716
Institutional Deposits	137.39	98.07	66.26	29.31	36.6	46.24
Non-Interest Bearing Deposits	546.28	437.96	460.98	541.55	290.87	188.27
Total Deposits	2,421	2,018	1,721	1,556	1,140	950.51
Short-Term Borrowings	36.14	104.72	39.86	40.29	39.89	7.98
Current Portion of Leases	-	0.18	-	-	-	-
Accrued Interest Payable	2.21	1.52	0.58	0.13	0.28	0.47
Long-Term Debt	91.11	86.68	86.31	-	4.49	4.48
Long-Term Leases	-	0.37	-	-	-	-
Pension & Post-Retirement Benefits	-	5.1	4.4	3.58	2.99	2.5
Other Long-Term Liabilities	20.07	14.95	11.58	4.94	4.54	2.9
Total Liabilities	2,570	2,232	1,863	1,605	1,192	968.85
Common Stock	49.68	44.48	43.71	45.06	38.39	38.25
Additional Paid-In Capital	106.05	78.36	76.79	80.64	65.33	64.59
Retained Earnings	123.78	102.52	73.76	49.86	34.18	23.92
Comprehensive Income & Other	-8.14	-10.4	-12.54	1.64	2.76	-0.13
Shareholders' Equity	271.37	214.96	181.72	177.2	140.66	126.64
Total Liabilities & Equity	2,841	2,447	2,045	1,783	1,333	1,095
Total Debt	127.24	191.94	126.18	40.29	44.38	12.46
Net Cash (Debt)	156.75	66.4	51.19	245.45	41.51	102.77
Net Cash Growth	125.24%	29.70%	-79.14%	491.32%	-59.61%	40.80%
Net Cash Per Share	16.95	7.35	5.72	29.51	5.35	14.89
Filing Date Shares Outstanding	9.88	8.87	8.75	8.75	6.87	6.85
Total Common Shares Outstanding	9.88	8.84	8.71	9.01	6.87	6.85
Book Value Per Share	27.46	24.31	20.87	19.66	20.47	18.50
Tangible Book Value	231.05	197.2	163.63	158.84	122.03	107.75
Tangible Book Value Per Share	23.38	22.30	18.79	17.62	17.76	15.74

Source: S&P Capital IQ. Banks template. Financial Sources.