SouthState Bank, National Association

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.05% 1.02% →
1-Year CD 0.40% 1.45% →
2-Year CD 0.65% 2.86% →
5-Year CD 1.00% 3.21% →
30-Year Mortgage N.A. 2.81% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2022 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 $41.94 billion in assets. Customers can open an account at one of its 155 branches.

FDIC Insured Yes
FDIC Certificate # 33555
Date Established 1992
Assets $ 41.94 billion
Loans $ 23.82 billion
Deposits $ 35.14 billion
Capital $ 5.03 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 - May 23, 2022

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
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 - May 23, 2022

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Rate Rabbit Home Loans
NMLS ID: 664689
4.590% 4.500%
0.63 points
$2,640 fees
$1,267 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 3.490 %
After Intro: 4.500 %
Intro Period: 12 months
$25,000 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:
Fairfield,Connecticut


SouthState Bank, National Association Locations



Climate 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.

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
1.56% 3.95%

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, 2021, SouthState Bank, National Association had $80,281,000 in non-current loans and $2,736,000 in owned real estate. To cover these potential losses it had $5,032,364,000 in equity and $301,807,000 in loans loss reserves. That gives it a Texas Ratio of 1.56%.

Return on Equity
SouthState Bank, National Association U.S. Bank Average
10.28% 10.50%

SouthState Bank, National Association has a Return on Equity of 10.28% versus the BestCashCow average of 10.50%. 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% 11.55%

SouthState Bank, National Association has a Capitalization of 12% versus the BestCashCow average of 11.55. 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, 2021, SouthState Bank, National Association had assets of $41,943,825,000, loans of $23,818,082,000, and deposits of $35,140,717,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 6.83 billion
Interest-bearing balances $ 6.35 billion
Total securities $ 7.01 billion
Federal funds sold and reverse repurchase $ 12.50 million
Net loans and leases $ 23.82 billion
Loan loss allowance $ 301.81 million
Trading account assets $ 486.47 million
Bank premises and fixed assets N.A.
Other real estate owned $ 2.74 million
Goodwill and other intangibles $ 1,774.77 million
All other assets $ 1,437.42 million
     Total Assets $ 36.91 billion
LIABILITIES
Total deposits $ 35.14 billion
      Interest-bearing deposits $ 23.56 billion
      Deposits held in domestic offices $ 35.14 billion
      % insured (estimated) 64.80%
Federal funds purchased and repurchase agreements $ 781.24 million
Trading liabilities $ 457.84 million
Other borrowed funds $ 3.04 million
Subordinated debt N.A.
All other liabilities $ 528.63 million
      Total Liabilities $ 36.91 billion
      Shareholders’ Equity $ 5.03 billion

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 1,084.73 million
Total Interest Expense $ 34.37 million
Net interest income $ 1,050.36 million
Provision for loan and lease losses N.A.
Total non interest income $ 384.02 million
Total non interest expense $ 955.67 million
Pre-tax Net Operating Income $ 643.97 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 23.44
Multifamily
Mortgages
1.86
Credit Card Loans 0.00
Consumer Auto Loans 1.25
Small Business Loans 10.94
Construction and Development Loans 8.51
Commercial Real Estate 47.26
Commercial and Industrial Loans 11.34
Farm Loans 0.05

Customer Reviews for SouthState Bank, National Association


  • 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.

  • 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.

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