Southern States Bancshares, Inc. (SSBK)

SSBK Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	260.23	250.65	168.5	283.96	84.91
Investment Securities	220.18	105.34	109.36	123.96	99.9
Trading Asset Securities	-	7.69	8.87	1.78	0.98
Mortgage-Backed Securities	-	96.95	70.28	37.12	19.11
Total Investments	220.18	209.97	188.51	162.86	120
Gross Loans	2,233	1,891	1,593	1,254	1,034
Allowance for Loan Losses	-28.34	-24.38	-20.16	-14.84	-11.86
Other Adjustments to Gross Loans	-6.68	-6.17	-5.54	-3.82	-3.62
Net Loans	2,198	1,860	1,567	1,235	1,018
Property, Plant & Equipment	32.05	26.43	27.35	27.04	24.43
Goodwill	33.18	16.86	16.86	16.86	16.86
Other Intangible Assets	8.94	0.9	1.23	1.5	1.76
Loans Held for Sale	0.4	0.45	1.05	2.4	5.7
Accrued Interest Receivable	10.11	8.71	6.96	4.17	4.24
Long-Term Deferred Tax Assets	-	13.38	11.38	4.06	2.71
Other Real Estate Owned & Foreclosed	-	0.03	2.93	2.93	10.22
Other Long-Term Assets	85.94	54.39	51.22	39.68	41.12
Total Assets	2,849	2,447	2,045	1,783	1,333
Interest Bearing Deposits	1,694	1,482	1,194	985.6	812.2
Institutional Deposits	141.79	98.07	66.26	29.31	36.6
Non-Interest Bearing Deposits	575.36	437.96	460.98	541.55	290.87
Total Deposits	2,411	2,018	1,721	1,556	1,140
Short-Term Borrowings	39.98	104.72	39.86	40.29	39.89
Current Portion of Leases	-	0.18	-	-	-
Accrued Interest Payable	2.17	1.52	0.58	0.13	0.28
Long-Term Debt	91.25	86.68	86.31	-	4.49
Long-Term Leases	-	0.37	-	-	-
Pension & Post-Retirement Benefits	-	5.1	4.4	3.58	2.99
Other Long-Term Liabilities	24.68	14.95	11.58	4.94	4.54
Total Liabilities	2,569	2,232	1,863	1,605	1,192
Common Stock	49.82	44.48	43.71	45.06	38.39
Additional Paid-In Capital	106.64	78.36	76.79	80.64	65.33
Retained Earnings	134.08	102.52	73.76	49.86	34.18
Comprehensive Income & Other	-10.64	-10.4	-12.54	1.64	2.76
Shareholders' Equity	279.89	214.96	181.72	177.2	140.66
Total Liabilities & Equity	2,849	2,447	2,045	1,783	1,333
Total Debt	131.22	191.94	126.18	40.29	44.38
Net Cash (Debt)	129.01	66.4	51.19	245.45	41.51
Net Cash Growth	94.30%	29.70%	-79.14%	491.32%	-59.61%
Net Cash Per Share	13.57	7.35	5.72	29.51	5.35
Filing Date Shares Outstanding	9.89	8.87	8.75	8.75	6.87
Total Common Shares Outstanding	9.89	8.84	8.71	9.01	6.87
Book Value Per Share	28.30	24.31	20.87	19.66	20.47
Tangible Book Value	237.77	197.2	163.63	158.84	122.03
Tangible Book Value Per Share	24.04	22.30	18.79	17.62	17.76

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