# SOUTHERN STATES BANK
ANNISTON, AL · FDIC certificate 58558 · asset band $1-10B · latest filing 2025-06 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.87B | |
| Deposits | $2.48B | |
| Loans and leases | $2.32B | |
| Total equity | $365.2M | |
| Loans / deposits | 92.62% (p66 of band) | 86.81% |
| Liquid assets / assets | 14.18% (p20 of band) | |
| Uninsured deposits / deposits | 32.74% (p59 of band) | 30.18% |
| Brokered deposits | 7.63% | |
| Wholesale funding | 7.63% (p53 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.41% (p71 of band) | 10.28% |
| Unrealized securities loss / equity | -2.05% (p84 of band) | -10.98% |
| AOCI / equity | 1.85% (p64 of band) | |
| ROA (annualized) | 0.04% (p4 of band) | 1.04% |
| Net interest margin | 4.03% (p79 of band) | 3.46% |
| Efficiency ratio | 72.71% (p78 of band) | |
| Noncurrent loans | 0.45% (p50 of band) | 0.45% |
| Net charge-offs (annualized) | 0.54% (p94 of band) | |
| Reserve coverage of noncurrent | 211.74% | |
| Real estate % of loans | 86% | |
| Construction % of loans | 56.01% (p55 of band) | |
| Auto loans | $1.8M (0.08% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 13.3% | |
| Employees | 192 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 0 |  | reserve under noncurrent |
| 2011-09 | 0 |  |  |
| 2011-12 | 0 |  |  |
| 2012-03 | 4 | loans exceed deposits, liquid assets <10%, capital falling, reserve under noncurrent |  |
| 2012-06 | 2 |  | loans exceed deposits, liquid assets <10% |
| 2012-09 | 3 | loans exceed deposits |  |
| 2012-12 | 2 |  | loans exceed deposits |
| 2013-03 | 2 |  |  |
| 2013-06 | 1 |  | capital falling |
| 2013-09 | 2 | loans exceed deposits |  |
| 2013-12 | 6 | liquid assets <10%, charge-offs p90, deposits shrinking, assets shrinking |  |
| 2014-03 | 3 |  | loans exceed deposits, liquid assets <10%, charge-offs p90 |
| 2014-06 | 1 |  | deposits shrinking, assets shrinking |
| 2014-09 | 2 | capital falling |  |
| 2014-12 | 3 | loans exceed deposits |  |
| 2015-03 | 3 | expense ratio p90 | loans exceed deposits |
| 2015-06 | 1 |  | reserve under noncurrent, expense ratio p90 |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2016-03 | 1 |  | reserve under noncurrent |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | capital falling |  |
| 2016-12 | 1 |  | capital falling |
| 2017-03 | 1 |  |  |
| 2017-06 | 0 |  | construction >100% equity |
| 2017-09 | 1 | brokered >10% |  |
| 2017-12 | 3 | wholesale funding >15%, capital falling |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 0 |  | brokered >10%, wholesale funding >15%, capital falling |
| 2018-09 | 1 | construction >100% equity |  |
| 2018-12 | 2 | brokered >10%, capital falling | construction >100% equity |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | brokered >10% |
| 2019-09 | 3 | noncurrent p90, charge-offs p90, reserve under noncurrent | capital falling |
| 2019-12 | 3 |  |  |
| 2020-03 | 1 |  | noncurrent p90, charge-offs p90 |
| 2020-06 | 1 |  |  |
| 2020-09 | 1 | uninsured deposits leaving | reserve under noncurrent |
| 2020-12 | 0 |  | uninsured deposits leaving |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | capital falling |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 1 | uninsured deposits >50% |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 0 |  | uninsured deposits >50% |
| 2022-09 | 0 |  |  |
| 2022-12 | 2 | construction >100% equity, uninsured deposits leaving |  |
| 2023-03 | 1 |  | construction >100% equity |
| 2023-06 | 0 |  | uninsured deposits leaving |
| 2023-09 | 1 | capital falling |  |
| 2023-12 | 0 |  | capital falling |
| 2024-03 | 2 | brokered >10%, wholesale funding >15% |  |
| 2024-06 | 3 | capital falling |  |
| 2024-09 | 1 |  | brokered >10%, wholesale funding >15% |
| 2024-12 | 1 |  |  |
| 2025-03 | 0 |  | capital falling |
| 2025-06 | 1 | charge-offs p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-04-01 [FB Financial to acquire Southern States for $381M - Banking Dive](https://news.google.com/rss/articles/CBMiowFBVV95cUxOdHlkZnBvT1F3R2NmcEdnQmlLYnFHQzZaSE1oQXh0Y3pFWVNBUUFSZEtsaUQzYTY0d2pNcm5DVnhlLS13ZFB4eTFOOWl5TEEwOENEWENhMU9EVzJBRF9Kclo0TTF0UVF1Sm40VGtlZ2JOUmVNVm55UF80VUpHLW81UjlwRUJRTVVuXzZDcGg1Sm9UU0JaN3ZjdXdjWkFQZjFCRGFv?oc=5) · Banking Dive
- 2025-03-31 [Southern States Bancshares acquired by FB Financial Corp. - Business Alabama Magazine](https://news.google.com/rss/articles/CBMijgFBVV95cUxPZjZVQXFQRHAwRkgwZ190LTlNU2FpZXowUXVNZDVVZThCMGtRT2JpNGVZR0JmQlhyRTJaRFpwaGNRaUM1Yk1QeTNVdlI5WERteGhLTGpSSUcyQlZDcUNCSVI3QktTdjlURG5xdHNCTmlVSGQxMk9vczhtZmpianp5emVSYndZclRPbjZGZ293?oc=5) · Business Alabama Magazine
- 2024-04-15 [Southern States Bank Adds New Huntsville Market President - Huntsville Business Journal](https://news.google.com/rss/articles/CBMisgFBVV95cUxQTXZnNS0tQ1VvcXoyWnYwZmtOeVFOWUdNcE1YcG5tZU1iUEFoY0E2eTM3UzdVU0djMkZqTFU3RGR6SlBRMjBYU3V2eWdNeVk5UU1rcGd0NnY4NXVxRGxMa0p1X1d5SUkycWdCVU1BWjUxcTg1TTVyUUR4YU5oR29namp0N3VDYWFRU25lUnMyWDlDaUdlZVBOLU9tQ1NYeC1UZUt0dVJTejc5YW5FbmdTUE5n?oc=5) · Huntsville Business Journal
- 2025-06-24 [FirstBank to acquire Southern States Bank in merger - Knox TN Today](https://news.google.com/rss/articles/CBMihwFBVV95cUxPSXJqczZZcmg5UVhhLW9WQTZGMVVIcDZkRmhFbmwyMHkwMVM5b0NMekNQbjlOeTk3LUQxeEhkak84TGxZdUY1UEZpU2FnVFdfVWZoTDlqcldZVjAzaGxDVUhxbWVSb0l5SzJ2Nnh4eGtMNFdhSmhtV1Vnc3RvdHNWbms4QnRaM0k?oc=5) · Knox TN Today
- 2021-07-30 [SSBK IPO News - Alabama bank Southern States Bank sets terms for $40 million IPO - renaissancecapital.com](https://news.google.com/rss/articles/CBMivgFBVV95cUxQZ3kxaGI0c2ZkQXowNVNLM2xISkctLXlnaEhGYnY3WlJkOUlCUEpZdWhDQXlZUnF0emFjWnMtb1I0dzlfTFVmWGw2U085LTNjMnFTUW1KVjQ5dUVENi1qSmZTaHBZYUZfcnFnZGNjeFVGdk5fdnRHdDRFTnN3RkN2eE1ZZndEYXA3Q2ktQWZ5VkN3VS1rek8wZk9takdtNDhuaHpZbUtvNVFpcXNneU9jdXUwS0wzalo0TlhvcTdB?oc=5) · renaissancecapital.com
- 2025-03-31 [FB Financial to Expand in Alabama and Georgia by Merger With Southern States - Business Wire](https://news.google.com/rss/articles/CBMizgFBVV95cUxPVzZtZDF2bDZiUS1wT1EybVlYV3lxck5kS3NTTVpuMTFFOElIUGxFbVBsSV9RNXdFWVRQem51SFZoSTNqZWFWY1Eza0R3Vk11clBKYVBmUkpoeHdMR29qbVduVmlDWi1mRm1ja2FFRkFQWHBqQWM0bVpPR2Y0TWJFa2RtQUJrN1hEVmw5TzlpSjhmX2F5emwxenJ0OUM0S3JJRE9jcExXTXZrZ3g1eVNQeGhMdmY2T0tLRk5wM1NuVmhGRzEzVGJXblIyQUN0QQ?oc=5) · Business Wire
- 2025-06-25 [Southern States deal to close next week - The Business Journals](https://news.google.com/rss/articles/CBMioAFBVV95cUxPTk9NUlRnQzJKY0ZGVlVaWDN2SFBBOVA1WkFaanY4eTNuUFJpb0ZQRURFVlJod2VUdXRLUEZVaXFJMlcwczh5NFBjNUQ3UDJFdldyZWtXYm9Ja1hHNlY5d09xdWw2Y2Z4QjY4YnZlNUFIYUNPakItakVhNVRHWHpLVk9nM1hJTTBFWUlFQVlmYmtHLXJpLVNMd2VpV0lJWEpI?oc=5) · The Business Journals
- 2025-07-16 [Southern States Bank to change name in merger with Tenn.-based FirstBank - The Randolph Leader](https://news.google.com/rss/articles/CBMiYkFVX3lxTE9FU3V2U01LZl9vaFVuaWlZQmZ4LUE1SlhYdnV4VU1YNExCeGFNYWZwUjVZdTl0UFdnSGEtVy05VGgyYzQyYmUwTTlDQ0xhSndST2ZjWnJ2Y2p4ODdfUWEtUTlB?oc=5) · The Randolph Leader

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58558 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/62.json (key "58558", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide