SouthState Bank, National Association
Headquarters
1101 1st St S
Winter Haven, FL 33880
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2024 Overview
General Bank Information
SouthState Bank, National Association is an FDIC insured institution located in Winter Haven, FL. It was founded in 1992 and has approximately $44.89 billion in assets. Customers can open an account at one of its 155 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 33555 |
| Date Established | 1992 |
| Assets | $ 44.89 billion |
| Loans | $ 31.98 billion |
| Deposits | $ 37.16 billion |
| Capital | $ 5.80 billion |
For a more detailed analysis of SouthState Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for SouthState Bank, National Association
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 3030 |
7.451% |
7.375% 0.75 points $2,400 fees |
$2,211 | Learn More |
NMLS ID: 1907 |
points fees |
Learn More | ||
NMLS ID: Not a Lender |
points fees |
Learn More | ||
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to SouthState Bank, National Association
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Branches
SouthState Bank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
SouthState Bank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
SouthState Bank, National Association Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of SouthState Bank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| SouthState Bank, National Association | U.S. Bank Average |
|---|---|
| 2.93% | 3.96% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of December 31, 2024, SouthState Bank, National Association had $182,701,000 in non-current loans and $837,000 in owned real estate. To cover these potential losses it had $5,798,377,000 in equity and $456,573,000 in loans loss reserves. That gives it a Texas Ratio of 2.93%.
Return on Equity
| SouthState Bank, National Association | U.S. Bank Average |
|---|---|
| 9.42% | 12.20% |
SouthState Bank, National Association has a Return on Equity of 9.42% versus the BestCashCow average of 12.20%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| SouthState Bank, National Association | U.S. Bank Average |
|---|---|
| 12.92% | 10.76% |
SouthState Bank, National Association has a Capitalization of 12.92% versus the BestCashCow average of 10.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
SouthState Bank, National Association Balance Sheet Analysis
As of December 31, 2023, SouthState Bank, National Association had assets of $44,886,855,000, loans of $31,982,804,000, and deposits of $37,163,969,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 995.46 million |
| Interest-bearing balances | $ 484.79 million |
| Total securities | $ 7.27 billion |
| Federal funds sold and reverse repurchase | $ 3.17 million |
| Net loans and leases | $ 31.98 billion |
| Loan loss allowance | $ 456.57 million |
| Trading account assets | $ 200.51 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.84 million |
| Goodwill and other intangibles | $ 2.10 billion |
| All other assets | $ 1,842.45 million |
| Total Assets | $ 39.09 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 37.16 billion |
| Interest-bearing deposits | $ 26.40 billion |
| Deposits held in domestic offices | $ 37.16 billion |
| % insured (estimated) | 61.74% |
| Federal funds purchased and repurchase agreements | $ 489.18 million |
| Trading liabilities | $ 817.17 million |
| Other borrowed funds | $ 2.83 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 521.26 million |
| Total Liabilities | $ 39.09 billion |
| Shareholders’ Equity | $ 5.80 billion |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 1,944.16 million |
| Total Interest Expense | $ 468.18 million |
| Net interest income | $ 1,475.98 million |
| Provision for loan and lease losses | $ 114.08 million |
| Total non interest income | $ 317.79 million |
| Total non interest expense | $ 1,012.05 million |
| Pre-tax Net Operating Income | $ 293.43 million |
Bank Loan Profile?
The top three loan types in SouthState Bank, National Association’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks, SouthState Bank, National Association’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 19.23 | ✓ | ||
| Multifamily Mortgages |
1.95 | ✓ | ||
| Credit Card Loans | 0.06 | ✓ | ||
| Consumer Auto Loans | 1.08 | ✓ | ||
| Small Business Loans | 7.63 | ✓ | ||
| Construction and Development Loans | 7.84 | ✓ | ||
| Commercial Real Estate | 39.17 | ✓ | ||
| Commercial and Industrial Loans | 11.57 | ✓ | ||
| Farm Loans | 0.04 | ✓ | ||
Customer Reviews for SouthState Bank, National Association
Justice
July 22, 2021
This is a criminal lender and the worst bank. They merged with CenterState Bank.. They have made our lives miserable with a wrongful, fraudulent foreclosure. We will be starting a Website with all of the information. Heed my warning and DO NOT do business with SouthState Bank. Let's put these criminals out of business. I am looking forward to exposing their frauds. Keep an eye on the news stations and newspapers as well because they will be disseminating this information also.
Is this review helpful? Yes:1 / No: 0
SandraFaye
December 7, 2019 |
This is the most ridiculous bank I have ever used and now they have started charging me a 12 maintenance fee on my money market account, so in other words my money that they draw interest on they are also going to charge me on top of that let alone with this so called bank you can't transfer your own money now if it's past 10pm, and if you make a deposit on Saturdays at the bank with a teller your money still doesn't show up in your account til Mondays. I have had this account since it was originally was The First National Bank of Florida,then it was Charter which was easy to work with but since the merger and becoming Center State Bank I have had nothing but one issue after another. Come Monday I'm closing out my money market then next my bank account.
Is this review helpful? Yes:2 / No: 0
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