Southern States Bancshares, Inc. (SSBK) financial statements (2022 and earlier)

Company profile

Business Address 615 QUINTARD AVENUE
ANNISTON, AL 36201
State of Incorp. AL
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments210
Cash and cash equivalents210
Total current assets:210
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment27
Intangible assets, net (including goodwill)18
Goodwill17
Intangible assets, net (excluding goodwill)2
Total noncurrent assets:46
Other undisclosed assets1,527
TOTAL ASSETS:1,783
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,605
Total liabilities:1,605
Stockholders' equity
Stockholders' equity attributable to parent, including:177
Common stock45
Additional paid in capital81
Accumulated other comprehensive income2
Retained earnings50
Other undisclosed stockholders' equity attributable to parent(0)
Total stockholders' equity:177
TOTAL LIABILITIES AND EQUITY:1,783

Income statement (P&L) ($ in millions)

12/31/2021
Revenues58
Net investment income58
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(3)
Gross profit:55
Operating expenses(2)
Other operating income, net
(Noninterest Income, Other Operating Income)
3
Operating income:56
Interest and debt expense(5)
Income from continuing operations before equity method investments, income taxes:51
Other undisclosed loss from continuing operations before income taxes(26)
Income from continuing operations before income taxes:24
Income tax expense(6)
Net income available to common stockholders, basic:19
Other undisclosed net loss available to common stockholders, diluted(0)
Net income available to common stockholders, diluted:19

Comprehensive Income ($ in millions)

12/31/2021
Net income:19
Comprehensive income:19
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)
Comprehensive income, net of tax, attributable to parent:17

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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