SSBK (Southern States Bancshares) Allowance For Loans And Lease Losses : $-28.9 Mil (As of Mar. 2025)

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What is Southern States Bancshares Allowance For Loans And Lease Losses?

Southern States Bancshares's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2025 was $-28.9 Mil.

Southern States Bancshares's quarterly Allowance For Loans And Lease Losses declined from Sep. 2024 ($-28.1 Mil) to Dec. 2024 ($-28.3 Mil) and declined from Dec. 2024 ($-28.3 Mil) to Mar. 2025 ($-28.9 Mil).

Southern States Bancshares's annual Allowance For Loans And Lease Losses declined from Dec. 2022 ($-20.2 Mil) to Dec. 2023 ($-24.4 Mil) and declined from Dec. 2023 ($-24.4 Mil) to Dec. 2024 ($-28.3 Mil).

Southern States Bancshares Allowance For Loans And Lease Losses Historical Data

The historical data trend for Southern States Bancshares's Allowance For Loans And Lease Losses 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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Southern States Bancshares Allowance For Loans And Lease Losses Chart

Southern States Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Allowance For Loans And Lease Losses

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-11.86

-14.84

-20.16

-24.38

-28.34

Southern States Bancshares Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-25.14	-25.83	-28.06	-28.34	-28.88

Southern States Bancshares Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Southern States Bancshares Allowance For Loans And Lease Losses Related Terms

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Southern States Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (NAS:SSBK) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

6U2:Germany

Address

615 Quintard Avenue, Anniston, AL, USA, 36201

Website

https://www.southernstatesbank.net

Southern States Bancshares Inc is a full-service community banking institution, that offers an array of deposit, loan, and other banking-related products and services to businesses and individuals in communities. The company is focused on personalized, relationship-driven service combined with local market management and expertise to serve small and medium size businesses and individuals. It has three portfolio segments Real estate, Commercial and industrial, Consumer and other.

Executives

Brent O. Hitson	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Jay F. Pumroy	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lynn J Joyce	officer: Chief Financial Officer	1630 4TH AVE NORTH, BESSEMER AL 35020
Gregory B. Smith	officer: Chief Risk Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Jonathan Hinton	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Christine Hunsaker	director	1333 S CLEARVIEW PARKWAY, JEFFERSON LA 70121
Cynthia S. Mccarty	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Daniel Andrew Cummings	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Smith J. Henry Iv	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Turner Henry A. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Hayes Alfred J. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lewis C. Beavers	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Jimmy A. Lafoy	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Robert T. Davie	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Stephen W. Whatley	director, officer: Chief Executive Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223