SSB Bancorp (SSB Bancorp) Total Assets : $308.72 Mil (As of Mar. 2024)

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What is SSB Bancorp Total Assets?

SSB Bancorp's Total Assets for the quarter that ended in Mar. 2024 was $308.72 Mil.

During the past 3 years, the average Total Assets Growth Rate was 15.60% per year. During the past 5 years, the average Total Assets Growth Rate was 14.00% per year.

During the past 6 years, SSB Bancorp's highest 3-Year average Total Assets Growth Rate was 15.60%. The lowest was 8.20%. And the median was 14.20%.

Total Assets is connected with ROA %. SSB Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 was 0.66%. Total Assets is also linked to Revenue through Asset Turnover. SSB Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 was 0.01.

SSB Bancorp Total Assets Historical Data

The historical data trend for SSB Bancorp's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SSB Bancorp Total Assets Chart

SSB Bancorp Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec22

Dec23

Total Assets

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171.91

188.79

202.63

251.18

295.82

SSB Bancorp Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															-	294.14	290.76	295.82	308.72

SSB Bancorp Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

SSB Bancorp's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	27.198	+	268.626
	=	295.82

SSB Bancorp's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	27.702	+	281.018
	=	308.72

SSB Bancorp (OTCPK:SSBP) Total Assets Explanation

Total Assets is connected with ROA %.

SSB Bancorp's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	1.988	/	( (295.824	+	308.721)	/ 2 )
	=	1.988	/	302.2725
	=	0.66 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

SSB Bancorp's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	2.86	/	( (295.824	+	308.721)	/ 2 )
=	2.86	/	302.2725
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

SSB Bancorp Total Assets Related Terms

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SSB Bancorp (SSB Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SSB Bancorp Inc (OTCPK:SSBP) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

8700 Perry Highway, Pittsburgh, PA, USA, 15237

Website

https://www.ssbpgh.com

SSB Bancorp Inc is engaged in the provision of financial services to individuals and corporate customers. The bank offers deposits, loans, consumer financing, certificate of deposits, mortgage loans, card services, internet banking, insurance, and other related services.

Executives

Moon Joseph Daniel Iv	director, officer: President, CEO & CFO	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Gretchen Givens Generett	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Kenneth J. Broadbent	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Benjamin Contrucci	officer: Vice President of Subsidiary	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Peter F. Stires	officer: VP of Comm Lending	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Docchio David H. Jr.	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Mark C. Joseph	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Bernie M. Simons	director	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Bancorp, Mhc Ssb	10 percent owner	8700 PERRY HIGHWAY, PITTSBURGH PA 15237
Jennifer R. Harris	officer: Chief Lending Officer of Sub	8700 PERRY HIGHWAY, PITTSBURGH PA 15237