South State Bank, National Association

Headquarters

1101 1st St S
Winter Haven, FL 33880
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.65% 1.05% →
5-Year CD 1.00% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

South State Bank, National Association is an FDIC insured institution located in Winter Haven, FL. It was founded in 1992 and has approximately $18.59 billion in assets. Customers can open an account at one of its 155 branches.

FDIC Insured Yes
FDIC Certificate # 33555
Date Established 1992
Assets $ 18.59 billion
Loans $ 12.06 billion
Deposits $ 14.13 billion
Capital $ 2.96 billion
 

For a more detailed analysis of South State Bank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $100 - Learn More
Money Market
0.05% $2,000 $9,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn More
6 Mo CD
0.25% $500 - Learn More
12 Mo CD
0.40% $500 - Learn More
18 Mo CD
0.50% $500 - Learn More
24 Mo CD
0.65% $500 - Learn More
36 Mo CD
0.75% $500 - Learn More
48 Mo CD
0.85% $500 - Learn More
60 Mo CD
1.00% $500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $50 - Learn MoreShow Less

Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for South State Bank, National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to South State Bank, National Association
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Branches

South State 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:
Fairfield,Connecticut


South State Bank, National Association Locations


Financial Details

South State Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of South State 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
South State Bank, National Association U.S. Bank Average
2.87% 6.94%

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 March 31, 2020, South State Bank, National Association had $79,667,000 in non-current loans and $9,942,000 in owned real estate. To cover these potential losses it had $2,961,145,000 in equity and $158,730,000 in loans loss reserves. That gives it a Texas Ratio of 2.87%.

Return on Equity
South State Bank, National Association U.S. Bank Average
4.96% 7.80%

South State Bank, National Association has a Return on Equity of 4.96% versus the BestCashCow average of 7.80%. 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
South State Bank, National Association U.S. Bank Average
15.93% 12.68%

South State Bank, National Association has a Capitalization of 15.93% versus the BestCashCow average of 12.68. 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.

South State Bank, National Association Balance Sheet Analysis

As of March 31, 2020, South State Bank, National Association had assets of $18,590,797,000, loans of $12,056,751,000, and deposits of $14,125,981,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 1,141.28 million
Interest-bearing balances $ 1,028.43 million
Total securities $ 2.33 billion
Federal funds sold and reverse repurchase $ 5.16 million
Net loans and leases $ 12.06 billion
Loan loss allowance $ 158.73 million
Trading account assets $ 840.32 million
Bank premises and fixed assets N.A.
Other real estate owned $ 9.94 million
Goodwill and other intangibles $ 1,295.84 million
All other assets $ 572.49 million
     Total Assets $ 15.63 billion
LIABILITIES
Total deposits $ 14.13 billion
      Interest-bearing deposits $ 9.96 billion
      Deposits held in domestic offices $ 14.13 billion
      % insured (estimated) 62.15%
Federal funds purchased and repurchase agreements $ 337.17 million
Trading liabilities $ 833.98 million
Other borrowed funds $ 154.49 million
Subordinated debt N.A.
All other liabilities $ 178.04 million
      Total Liabilities $ 15.63 billion
      Shareholders’ Equity $ 2.96 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 177.55 million
Total Interest Expense $ 22.17 million
Net interest income $ 155.38 million
Provision for loan and lease losses $ 44.91 million
Total non interest income $ 55.83 million
Total non interest expense $ 121.78 million
Pre-tax Net Operating Income $ 44.52 million

Bank Loan Profile?

The top three loan types in South State Bank, National Association’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Florida, South State Bank, National Association has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 22.62
Multifamily
Mortgages
1.78
Credit Card Loans 0.00
Consumer Auto Loans 0.21
Small Business Loans 15.54
Construction and Development Loans 8.20
Commercial Real Estate 51.06
Commercial and Industrial Loans 10.08
Farm Loans 0.07

Frequently Asked Questions About South State Bank, National Association

Branches and Savings

Is South State Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #33555.

Why does South State Bank, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are South State Bank, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is South State Bank, National Association a commercial bank?

Yes

Where are South State Bank, National Association locations?

See branch locations nearby.

Is South State Bank, National Association open on Saturdays?

Is South State Bank, National Association open on Sundays?

What time does South State Bank, National Association open?

What time does South State Bank, National Association close?

Are South State Bank, National Association ATMs Open 24/7?

Do South State Bank, National Association ATMs accept cash deposits?

Can South State Bank, National Association customers use other ATMs?

Do South State Bank, National Association branches have notaries?

Will South State Bank, National Association notarize my document?

What address for South State Bank, National Association should I put for incoming ACH transfers?

Will the South State Bank, National Association branch print checks?

Do South State Bank, National Association checks expire?

Does South State Bank, National Association require US citizenship to open account?

Can South State Bank, National Association close my account?

Does South State Bank, National Association Report to credit bureaus?

Does South State Bank, National Association Use Equifax?

What is South State Bank, National Association's ACH Routing Number?

What is South State Bank, National Association's SWIFT code?

Products

Does South State Bank, National Association offer mortgages?

Compare mortgage rates here.

Does South State Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does South State Bank, National Association offer personal loans?

Compare personal loan rates here.

Does South State Bank, National Association offer student loans?

Will South State Bank, National Association cash a check?

Will South State Bank, National Association redeem a savings bond?

Does South State Bank, National Association cash savings bonds?

Will South State Bank, National Association cash money orders?

Can South State Bank, National Association issue a money order?

Does South State Bank, National Association do currency exchange?

Background on The Bank

Who owns South State Bank, National Association?

How long has South State Bank, National Association been around?

Can South State Bank, National Association transfer to other banks?

Does South State Bank, National Association have quick pay?

Does South State Bank, National Association accept rolled coins?

Will South State Bank, National Association accept loose change?

Where is South State Bank, National Association headquarters?

Customer Reviews for South State Bank, National Association


  • December 07, 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.

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