Major Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 14.6 and a capital leverage ratio of 12.0. Operating profits as a percentage of assets at 2.1%, coupled with a return on assets of 1.6 has resulted in Excellent (8.6) profitability.
Other Rating Factors:
A current level of 1.9 percent of nonperforming loans to core capital combined with 1.1 percent from a year earlier contributes to the Good asset quality (6.8). A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Asset Mix:
Comm re (47%), comm loans (12%), securities (8%), home mtgs (6%), cash (5%), home eq lns (1%), consumer loans (0%), other (21%)
States with Branches:
AL, GA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Southern States Bancshares, Inc.
Investment Rating
--
Address
615 Quintard Avenue
Anniston, AL 36201
Anniston, AL 36201
Phone Number
(256) 241-1092
Year Founded
2007
FDIC Number
Website
Largest Affiliates
No affiliate information available.