Southern States Bank

615 Quintard Avenue
Anniston, AL 36202


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58558
Date Established 2007
Assets $0.89 billion
Loans $0.70 billion
Deposits $0.78 billion
Capital $0.10 billion

Southern States Bank is an FDIC insured institution located in Anniston, AL. It was founded in 2007 and has approximately $0.89 billion in assets. Customers can open an account at one of its 12 branches.

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

Bank Loan Profile?

The top three loan types in Southern States Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Alabama, Southern States Bank has a significantly higher percent of Commercial Real Estate 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 13.98
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 13.11
Construction and Development Loans 11.09
Commercial Real Estate 50.47
Commercial and Industrial Loans 18.13
Farm Loans 0.19

Deposit Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,500 $4,999 Learn MoreShow Less
Money Market
0.08% $5,000 $24,999 Learn MoreShow Less
Money Market
0.13% $25,000 $49,999 Learn MoreShow Less
6 Mo CD
0.40% $500 - Learn MoreShow Less
Special: 7 Mo CD
2.40% $5,000 - Learn MoreShow Less
12 Mo CD
0.51% $500 - Learn MoreShow Less
Special: 12 Mo CD
2.20% $5,000 - Learn MoreShow Less
18 Mo CD
0.56% $500 - Learn MoreShow Less
24 Mo CD
0.72% $500 - Learn MoreShow Less
36 Mo CD
0.84% $500 - Learn MoreShow Less
48 Mo CD
0.96% $500 - Learn MoreShow Less
60 Mo CD
1.13% $500 - Learn MoreShow Less

Fixed IRA
0.51% $500 - Learn MoreShow Less
Special: 7 Mo FIRA
2.40% $5,000 - Learn MoreShow Less
Special: 12 Mo FIRA
2.20% $5,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1,000 $4,999 Learn MoreShow Less

Loan Rates - June 17, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Southern States Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to Southern States Bank
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Southern States Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Southern States Bank Locations

Financial Details

Southern States Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southern States Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Southern States Bank U.S. Bank Average
4.18% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Southern States Bank had $3,874,000 in non-current loans and $572,000 in owned real estate. To cover these potential losses it had $98,602,000 in equity and $7,833,000 in loans loss reserves. That gives it a Texas Ratio of 4.18%.

Return on Equity
Southern States Bank U.S. Bank Average
8.5% 8.80%

Southern States Bank has a Return on Equity of 8.5% versus the BestCashCow average of 8.80%. 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.

Southern States Bank U.S. Bank Average
11.1% 12.29%

Southern States Bank has a Capitalization of 11.1% versus the BestCashCow average of 12.29. 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.

Southern States Bank Balance Sheet Analysis

As of December 31, 2018, Southern States Bank had assets of $888,073,000, loans of $696,146,000, and deposits of $777,047,000. 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, 2018
Cash & Balances due from depository institutions $0.07 billion
Interest-bearing balances $0.06 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $0.70 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $0.79 billion
Total deposits $0.78 billion
      Interest-bearing deposits $0.66 billion
      Deposits held in domestic offices $0.78 billion
      % insured (estimated) 77.90%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.79 billion
      Shareholders’ Equity $0.10 billion

Summary Income Statement

December 31, 2018
Total Interest Income $0.04 billion
Total Interest Expense $0.01 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Southern States Bank

Branches and Savings

Is Southern States Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58558.

Why does Southern States Bank pay such low interest on savings accounts?

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

Why are Southern States Bank CD rates not competitive?

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

Is Southern States Bank a commercial bank?


Where are Southern States Bank locations?

See branch locations nearby.

Is Southern States Bank open on Saturdays?

Is Southern States Bank open on Sundays?

What time does Southern States Bank open?

What time does Southern States Bank close?

Are Southern States Bank ATMs Open 24/7?

Do Southern States Bank ATMs accept cash deposits?

Can Southern States Bank customers use other ATMs?

Do Southern States Bank branches have notaries?

Will Southern States Bank notarize my document?

What address for Southern States Bank should I put for incoming ACH transfers?

Will the Southern States Bank branch print checks?

Do Southern States Bank checks expire?

Does Southern States Bank require US citizenship to open account?

Can Southern States Bank close my account?

Does Southern States Bank Report to credit bureaus?

Does Southern States Bank Use Equifax?

What is Southern States Bank's ACH Routing Number?

What is Southern States Bank's SWIFT code?


Does Southern States Bank offer mortgages?

Compare mortgage rates here.

Does Southern States Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southern States Bank offer personal loans?

Compare personal loan rates here.

Does Southern States Bank offer student loans?

Will Southern States Bank cash a check?

Will Southern States Bank redeem a savings bond?

Does Southern States Bank cash savings bonds?

Will Southern States Bank cash money orders?

Can Southern States Bank issue a money order?

Does Southern States Bank do currency exchange?

Background on The Bank

Who owns Southern States Bank?

How long has Southern States Bank been around?

Can Southern States Bank transfer to other banks?

Does Southern States Bank have quick pay?

Does Southern States Bank accept rolled coins?

Will Southern States Bank accept loose change?

Where is Southern States Bank headquarters?

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